Ashford Hospitality Prime Inc. (AHP) Shares Down 1.2%
Ashford Hospitality Prime Inc. (NYSE:AHP)’s share price dropped 1.2% during mid-day trading on Friday . The stock traded as low as $15.32 and last traded at $15.35, with a volume of 74,478 shares changing hands. The stock had previously closed at $15.53.
AHP has been the topic of several research analyst reports. Zacks Investment Research upgraded Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, May 10th. Canaccord Genuity reiterated a “hold” rating and set a $17.00 price target on shares of Ashford Hospitality Prime in a research report on Sunday, August 7th. Robert W. Baird reiterated a “hold” rating on shares of Ashford Hospitality Prime in a research report on Sunday, May 8th. Deutsche Bank AG reiterated a “hold” rating on shares of Ashford Hospitality Prime in a research report on Sunday, June 26th. Finally, Janney Montgomery Scott initiated 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. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.00.
The firm has a 50 day moving average of $15.31 and a 200-day moving average of $12.67. The company’s market capitalization is $395.69 million.
Ashford Hospitality Prime (NYSE:AHP) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.05. On average, equities research analysts anticipate that Ashford Hospitality Prime Inc. will post $1.65 earnings per share for the current year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.