Ashford Hospitality Prime Inc. (NYSE:AHP)’s share price dropped 4.2% during mid-day trading on Wednesday . The company traded as low as $14.44 and last traded at $14.54, with a volume of 77,607 shares traded. The stock had previously closed at $15.18.

AHP has been the subject of a number of research analyst reports. FBR & Co restated a “buy” rating on shares of Ashford Hospitality Prime in a research note on Thursday, May 5th. Canaccord Genuity reaffirmed a “hold” rating and set a $11.00 price target on shares of Ashford Hospitality Prime in a research report on Thursday, April 21st. Robert W. Baird raised Ashford Hospitality Prime from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $10.00 to $11.00 in a research report on Tuesday, March 29th. Janney Montgomery Scott started coverage on Ashford Hospitality Prime in a research report on Monday, May 23rd. They set a “neutral” rating and a $11.00 price target on the stock. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Ashford Hospitality Prime in a research report on Sunday, June 26th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.75.

The firm’s market cap is $420.28 million. The company’s 50 day moving average price is $13.33 and its 200-day moving average price is $11.68.

Ashford Hospitality Prime (NYSE:AHP) last issued its earnings results on Wednesday, May 4th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.05. The company had revenue of $99.80 million for the quarter, compared to analysts’ expectations of $97.38 million. On average, equities analysts predict that Ashford Hospitality Prime Inc. will post $1.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.48 annualized dividend and a yield of 3.25%. This is a boost from Ashford Hospitality Prime’s previous quarterly dividend of $0.10.

An institutional investor recently raised its position in Ashford Hospitality Prime stock. State of New Jersey Common Pension Fund D raised its position 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 approximately 1.25% of Ashford Hospitality Prime worth $5,170,000 as of its most recent SEC filing.

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.