Equities research analysts expect Ashford Hospitality Prime, Inc. (NYSE:AHP) to report earnings of $0.37 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Ashford Hospitality Prime’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.35. Ashford Hospitality Prime posted earnings per share of $0.38 during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.6%. The company is scheduled to issue its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Ashford Hospitality Prime will report full year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.58 to $1.76. For the next year, analysts anticipate that the firm will report earnings of $1.65 per share, with EPS estimates ranging from $1.59 to $1.71. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Ashford Hospitality Prime.
AHP has been the topic of a number of recent research reports. Zacks Investment Research downgraded Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a research report on Wednesday. ValuEngine cut Ashford Hospitality Prime from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Canaccord Genuity reiterated a “hold” rating and set a $11.00 price target on shares of Ashford Hospitality Prime in a research report on Monday, June 26th. BidaskClub cut Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Deutsche Bank AG upgraded Ashford Hospitality Prime from a “hold” rating to a “buy” rating and reduced their price target for the company from $14.00 to $13.00 in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $13.60.
Ashford Hospitality Prime (NYSE AHP) traded down 3.10% on Wednesday, hitting $9.70. 273,379 shares of the company’s stock traded hands. Ashford Hospitality Prime has a 12 month low of $9.28 and a 12 month high of $16.16. The stock has a market cap of $309.93 million, a P/E ratio of 25.26 and a beta of 1.16. The stock has a 50 day moving average price of $10.36 and a 200-day moving average price of $11.08.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Wednesday, June 28th. Ashford Hospitality Prime’s dividend payout ratio (DPR) is presently 177.78%.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Ashford Hospitality Prime by 17.2% in the first quarter. Vanguard Group Inc. now owns 4,275,883 shares of the real estate investment trust’s stock worth $45,367,000 after buying an additional 626,155 shares during the period. State Street Corp boosted its stake in Ashford Hospitality Prime by 1.2% in the fourth quarter. State Street Corp now owns 796,749 shares of the real estate investment trust’s stock worth $10,873,000 after buying an additional 9,199 shares during the period. LSV Asset Management boosted its stake in Ashford Hospitality Prime by 0.3% in the second quarter. LSV Asset Management now owns 781,991 shares of the real estate investment trust’s stock worth $8,046,000 after buying an additional 2,503 shares during the period. Prudential Financial Inc. boosted its stake in Ashford Hospitality Prime by 25.1% in the second quarter. Prudential Financial Inc. now owns 757,786 shares of the real estate investment trust’s stock worth $7,797,000 after buying an additional 152,070 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in Ashford Hospitality Prime by 56.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 700,678 shares of the real estate investment trust’s stock worth $7,210,000 after buying an additional 251,717 shares during the period. Institutional investors and hedge funds own 68.17% of the company’s stock.
About Ashford Hospitality Prime
Ashford Hospitality Prime, Inc invests in high revenue per available room (RevPAR), luxury hotels and resorts. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership (Ashford Prime OP). The Company operates in the direct hotel investment segment of the hotel lodging industry.
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