Ashford Hospitality Prime Inc. (NYSE:AHP) traded down 2.5% during mid-day trading on Tuesday . The company traded as low as $15.06 and last traded at $15.20, with a volume of 316,805 shares trading hands. The stock had previously closed at $15.59.

A number of equities research analysts have issued reports on the company. FBR & Co upped their price objective on Ashford Hospitality Prime from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday. Deutsche Bank AG restated a “hold” rating on shares of Ashford Hospitality Prime in a research report on Sunday, June 26th. Canaccord Genuity restated a “hold” rating and set a $12.00 price objective on shares of Ashford Hospitality Prime in a research report on Thursday, June 9th. Janney Montgomery Scott assumed coverage on Ashford Hospitality Prime in a research report on Monday, May 23rd. They set a “neutral” rating and a $11.00 price objective on the stock. Finally, Zacks Investment Research downgraded Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Ashford Hospitality Prime has an average rating of “Hold” and a consensus price target of $14.56.

The stock has a 50-day moving average of $14.29 and a 200 day moving average of $11.73. The stock’s market cap is $431.38 million.

Ashford Hospitality Prime (NYSE:AHP) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.30 earnings per share 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. Equities analysts expect that Ashford Hospitality Prime Inc. will post $1.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.12 dividend. The ex-dividend date was Tuesday, June 28th. This is an increase from Ashford Hospitality Prime’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.17%.

A hedge fund recently raised its stake 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.