Ashford Hospitality Prime Inc. (NYSE:AHP) shares traded down 4.2% during mid-day trading on Wednesday . The stock 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.

Several research firms have recently weighed in on AHP. Deutsche Bank AG reiterated a “hold” rating on shares of Ashford Hospitality Prime in a research note on Sunday, June 26th. Canaccord Genuity reiterated a “hold” rating and issued a $12.00 price objective on shares of Ashford Hospitality Prime in a research note on Thursday, June 9th. Janney Montgomery Scott began coverage on shares of Ashford Hospitality Prime in a research note on Monday, May 23rd. They issued a “neutral” rating and a $11.00 price objective for the company. Zacks Investment Research lowered shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Finally, Robert W. Baird restated a “hold” rating on shares of Ashford Hospitality Prime in a research note on Sunday, May 8th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Ashford Hospitality Prime presently has an average rating of “Hold” and a consensus price target of $14.75.

The firm’s 50 day moving average is $13.56 and its 200 day moving average is $11.72. The company’s market cap is $409.75 million.

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

The company 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. This is a boost from Ashford Hospitality Prime’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, June 28th.

A hedge fund recently raised its stake in Ashford Hospitality Prime stock. State of New Jersey Common Pension Fund D increased its stake in shares of Ashford Hospitality Prime Inc. (NYSE:AHP) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

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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