Ashford Hospitality Prime Inc. (NYSE:AHP) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.64 and last traded at $15.90, with a volume of 1,123,314 shares changing hands. The stock had previously closed at $14.90.

A number of equities research analysts have recently issued reports on AHP shares. FBR & Co reiterated a “buy” rating on shares of Ashford Hospitality Prime in a research report on Thursday, May 5th. Zacks Investment Research upgraded shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Tuesday, May 10th. Robert W. Baird reiterated a “hold” rating on shares of Ashford Hospitality Prime in a research report on Sunday, May 8th. Canaccord Genuity reiterated a “hold” rating and set a $11.00 price target on shares of Ashford Hospitality Prime in a research report on Thursday, April 21st. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Ashford Hospitality Prime in a research report on Sunday, June 26th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Ashford Hospitality Prime currently has a consensus rating of “Hold” and an average target price of $14.56.

The firm’s 50-day moving average is $14.65 and its 200 day moving average is $11.90. The firm’s market capitalization is $451.30 million.

Ashford Hospitality Prime (NYSE:AHP) last issued its earnings results on Thursday, August 4th. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.05. Analysts anticipate that Ashford Hospitality Prime Inc. will post $1.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Tuesday, June 28th. This is an increase from Ashford Hospitality Prime’s previous quarterly dividend of $0.10.

A hedge fund recently raised its stake in Ashford Hospitality Prime stock. State of New Jersey Common Pension Fund D raised its position in Ashford Hospitality Prime Inc. (NYSE:AHP) by 5.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 356,502 shares of the company’s stock after buying an additional 20,000 shares during the period. State of New Jersey Common Pension Fund D owned 1.25% of Ashford Hospitality Prime worth $5,170,000 at the end of the most recent reporting period.

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

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