Ashford Hospitality Prime, Inc. (AHP) Receives Average Rating of “Hold” from Analysts

Ashford Hospitality Prime, Inc. (NYSE:AHP) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.40.

A number of equities research analysts recently commented on the company. ValuEngine downgraded Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a report on Friday, September 1st. B. Riley restated a “buy” rating on shares of Ashford Hospitality Prime in a report on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a research report on Friday, September 8th. Zacks Investment Research cut Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, BidaskClub raised Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.

Ashford Hospitality Prime (NYSE AHP) opened at $9.15 on Thursday. The stock has a market capitalization of $293.14, a price-to-earnings ratio of 5.50 and a beta of 1.14. The company has a debt-to-equity ratio of 2.57, a quick ratio of 3.77 and a current ratio of 3.77. Ashford Hospitality Prime has a one year low of $8.74 and a one year high of $14.87.

In other Ashford Hospitality Prime news, EVP Jeremy Welter purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were bought at an average price of $8.90 per share, for a total transaction of $178,000.00. Following the purchase, the executive vice president now owns 551 shares in the company, valued at approximately $4,903.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 10.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Ashford Hospitality Prime by 90.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 67,219 shares of the real estate investment trust’s stock valued at $639,000 after acquiring an additional 31,899 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Ashford Hospitality Prime by 24.1% during the 3rd quarter. California Public Employees Retirement System now owns 109,696 shares of the real estate investment trust’s stock worth $1,042,000 after buying an additional 21,296 shares during the period. Lido Advisors LLC acquired a new position in Ashford Hospitality Prime during the 3rd quarter worth about $699,000. Dimensional Fund Advisors LP lifted its holdings in Ashford Hospitality Prime by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 447,158 shares of the real estate investment trust’s stock worth $4,248,000 after buying an additional 10,418 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in Ashford Hospitality Prime by 40.6% during the 3rd quarter. Wells Fargo & Company MN now owns 40,771 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 11,782 shares during the period. 62.33% of the stock is currently owned by institutional investors.

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Ashford Hospitality Prime Company Profile

Ashford Hospitality Prime, Inc invests in high revenue per available room (RevPAR), luxury hotels and resorts. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership (Ashford Prime OP). The Company operates in the direct hotel investment segment of the hotel lodging industry.

Analyst Recommendations for Ashford Hospitality Prime (NYSE:AHP)

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