Alliancebernstein L.P. boosted its position in Ashford Hospitality Prime, Inc. (NYSE:AHP) by 4.1% during the first quarter, Holdings Channel reports. The institutional investor owned 32,009 shares of the real estate investment trust’s stock after buying an additional 1,270 shares during the period. Alliancebernstein L.P.’s holdings in Ashford Hospitality Prime were worth $340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AHP. State Street Corp increased its position 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 in the last quarter. Dimensional Fund Advisors LP increased its position in Ashford Hospitality Prime by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 402,929 shares of the real estate investment trust’s stock worth $5,500,000 after buying an additional 3,875 shares in the last quarter. Renaissance Technologies LLC increased its position in Ashford Hospitality Prime by 2.2% in the fourth quarter. Renaissance Technologies LLC now owns 147,516 shares of the real estate investment trust’s stock worth $2,014,000 after buying an additional 3,134 shares in the last quarter. Teachers Advisors LLC increased its position in Ashford Hospitality Prime by 68.4% in the fourth quarter. Teachers Advisors LLC now owns 78,285 shares of the real estate investment trust’s stock worth $1,069,000 after buying an additional 31,784 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in Ashford Hospitality Prime by 69.2% in the fourth quarter. Macquarie Group Ltd. now owns 28,363 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 11,600 shares in the last quarter. Hedge funds and other institutional investors own 68.17% of the company’s stock.

Ashford Hospitality Prime, Inc. (AHP) traded down 0.52% during mid-day trading on Friday, reaching $9.56. The company’s stock had a trading volume of 202,310 shares. The firm has a 50-day moving average of $10.31 and a 200-day moving average of $10.94. Ashford Hospitality Prime, Inc. has a 52 week low of $9.28 and a 52 week high of $15.87. The stock has a market capitalization of $300.83 million, a price-to-earnings ratio of 24.77 and a beta of 1.16.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.69%. The ex-dividend date was Wednesday, June 28th. Ashford Hospitality Prime’s dividend payout ratio (DPR) is presently 177.78%.

ILLEGAL ACTIVITY WARNING: “Alliancebernstein L.P. Increases Stake in Ashford Hospitality Prime, Inc. (NYSE:AHP)” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.dailypolitical.com/2017/08/13/alliancebernstein-l-p-increases-stake-in-ashford-hospitality-prime-inc-nyseahp.html.

AHP has been the topic of a number of research reports. Zacks Investment Research upgraded Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. ValuEngine downgraded Ashford Hospitality Prime from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Deutsche Bank AG raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $14.00 to $13.00 in a research report on Friday, June 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a research report on Monday, June 26th. Finally, BidaskClub cut Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $13.60.

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.

Want to see what other hedge funds are holding AHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ashford Hospitality Prime, Inc. (NYSE:AHP).

Institutional Ownership by Quarter for Ashford Hospitality Prime (NYSE:AHP)

Receive News & Ratings for Ashford Hospitality Prime Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Prime Inc. and related companies with MarketBeat.com's FREE daily email newsletter.