Ashford Hospitality Prime Inc. (AHP) to Issue Quarterly Dividend of $0.12 on October 17th
Ashford Hospitality Prime Inc. (NYSE:AHP) announced a quarterly dividend on Thursday, September 15th. Investors of record on Friday, September 30th will be paid a dividend of 0.12 per share on Monday, October 17th. This represents a $0.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, September 28th.
Several hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. increased its stake in Ashford Hospitality Prime by 70.4% in the second quarter. Panagora Asset Management Inc. now owns 121,136 shares of the company’s stock valued at $1,713,000 after buying an additional 50,043 shares during the last quarter. Menta Capital LLC increased its stake in Ashford Hospitality Prime by 24.7% in the second quarter. Menta Capital LLC now owns 55,430 shares of the company’s stock valued at $784,000 after buying an additional 10,980 shares during the last quarter. Citadel Advisors LLC bought a new stake in Ashford Hospitality Prime during the second quarter valued at $353,000. KCG Holdings Inc. bought a new stake in Ashford Hospitality Prime during the second quarter valued at $204,000. Finally, Mackenzie Financial Corp bought a new stake in Ashford Hospitality Prime during the second quarter valued at $1,111,000. Institutional investors own 83.75% of the company’s stock.
AHP has been the topic of a number of recent analyst reports. Canaccord Genuity reiterated a “hold” rating and set a $12.00 price target on shares of Ashford Hospitality Prime in a report on Thursday, June 9th. Deutsche Bank AG restated a “hold” rating on shares of Ashford Hospitality Prime in a research note on Sunday, June 26th. Finally, FBR & Co boosted their target price on Ashford Hospitality Prime from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $14.00.
Shares of Ashford Hospitality Prime (NYSE:AHP) opened at 14.75 on Friday. The company’s market capitalization is $378.25 million. The firm has a 50 day moving average price of $15.29 and a 200 day moving average price of $13.12. Ashford Hospitality Prime has a 52 week low of $8.37 and a 52 week high of $17.64.
Ashford Hospitality Prime (NYSE:AHP) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.05. Ashford Hospitality Prime had a negative return on equity of 3.29% and a negative net margin of 2.86%. Equities analysts forecast that Ashford Hospitality Prime will post $1.65 EPS for the current year.
Ashford Hospitality Prime Company Profile
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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