Ashford Hospitality Prime Inc. (AHP) Hits New 1-Year High at $17.64
Ashford Hospitality Prime Inc. (NYSE:AHP)’s share price hit 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 traded. The stock had previously closed at $14.90.
A number of brokerages recently issued reports on AHP. Canaccord Genuity restated a “hold” rating and issued a $12.00 target price on shares of Ashford Hospitality Prime in a report on Thursday, June 9th. Zacks Investment Research cut Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Robert W. Baird restated a “hold” rating on shares of Ashford Hospitality Prime in a report on Sunday, May 8th. Deutsche Bank AG restated a “hold” rating on shares of Ashford Hospitality Prime in a report on Sunday, June 26th. Finally, Janney Montgomery Scott began coverage on Ashford Hospitality Prime in a report on Monday, May 23rd. They issued a “neutral” rating and a $11.00 target price on the stock. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Ashford Hospitality Prime presently has an average rating of “Hold” and a consensus price target of $14.56.
The stock’s market capitalization is $455.28 million. The stock’s 50 day moving average price is $14.73 and its 200-day moving average price is $11.95.
Ashford Hospitality Prime (NYSE:AHP) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.05. Equities analysts forecast that Ashford Hospitality Prime Inc. will post $1.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.12 per share. This is an increase from Ashford Hospitality Prime’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 3.00%. The ex-dividend date was Tuesday, June 28th.
An institutional investor recently raised its position in Ashford Hospitality Prime stock. State of New Jersey Common Pension Fund D raised its stake in shares of Ashford Hospitality Prime Inc. (NYSE:AHP) by 5.9% during the fourth quarter, according to its most recent Form 13F filing 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 about 1.25% of Ashford Hospitality Prime worth $5,170,000 as of its most recent filing with the SEC.
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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