Ashford Hospitality Prime Inc. (AHP) Shares Down 1.2%
Shares of Ashford Hospitality Prime Inc. (NYSE:AHP) fell 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.
Several brokerages have issued reports on AHP. Canaccord Genuity reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Ashford Hospitality Prime in a research report on Thursday, June 9th. Zacks Investment Research downgraded shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Robert W. Baird reaffirmed 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 note on Sunday, June 26th. Finally, Janney Montgomery Scott assumed coverage on Ashford Hospitality Prime in a research note on Monday, May 23rd. They set a “neutral” rating and a $11.00 target price for the company. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Ashford Hospitality Prime currently has an average rating of “Hold” and an average price target of $14.00.
The stock’s market cap is $395.69 million. The stock has a 50-day moving average of $15.31 and a 200 day moving average of $12.69.
Ashford Hospitality Prime (NYSE:AHP) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.05. On average, equities analysts predict that Ashford Hospitality Prime Inc. will post $1.65 EPS for the current fiscal 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.