News articles about Ashford Hospitality Prime (NYSE:AHP) have been trending positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ashford Hospitality Prime earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.8310868858481 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Ashford Hospitality Prime Inc (AHP) Short Interest Update (americanbankingnews.com)
- Ashford Hospitality Prime (AHP) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Here's Why You Should Keep Adding REITs to Your Portfolio (finance.yahoo.com)
- Ashford Hospitality Prime (AHP) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
Shares of Ashford Hospitality Prime (AHP) traded up $0.08 during mid-day trading on Friday, reaching $9.62. 255,462 shares of the company traded hands, compared to its average volume of 149,401. Ashford Hospitality Prime has a one year low of $8.74 and a one year high of $14.87. The stock has a market cap of $306.44, a P/E ratio of 5.71 and a beta of 1.14. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 2.57.
Ashford Hospitality Prime (NYSE:AHP) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.46). Ashford Hospitality Prime had a negative net margin of 0.36% and a negative return on equity of 0.43%. analysts anticipate that Ashford Hospitality Prime will post 1.6 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date of this dividend was Thursday, December 28th. Ashford Hospitality Prime’s payout ratio is presently -228.56%.
Ashford Hospitality Prime announced that its Board of Directors has initiated a share repurchase plan on Monday, December 11th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday. ValuEngine upgraded shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, B. Riley restated a “buy” rating on shares of Ashford Hospitality Prime in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Ashford Hospitality Prime has an average rating of “Buy” and an average price target of $13.00.
In related news, EVP Jeremy Welter purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $8.90 per share, with a total value of $178,000.00. Following the acquisition, the executive vice president now directly owns 551 shares in the company, valued at approximately $4,903.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 10.00% of the company’s stock.
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About Ashford Hospitality Prime
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.
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