Prudential Financial Inc. grew its position in shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) by 25.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 757,786 shares of the real estate investment trust’s stock after acquiring an additional 152,070 shares during the quarter. Prudential Financial Inc. owned about 2.37% of Ashford Hospitality Prime worth $7,797,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. American Century Companies Inc. increased its stake in Ashford Hospitality Prime by 194.0% during the second quarter. American Century Companies Inc. now owns 126,059 shares of the real estate investment trust’s stock worth $1,297,000 after acquiring an additional 83,186 shares during the last quarter. Glacier Peak Capital LLC increased its stake in Ashford Hospitality Prime by 23.9% during the second quarter. Glacier Peak Capital LLC now owns 119,269 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 23,000 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Ashford Hospitality Prime by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 217,507 shares of the real estate investment trust’s stock worth $2,238,000 after acquiring an additional 1,557 shares during the last quarter. Rhumbline Advisers increased its stake in Ashford Hospitality Prime by 5.5% during the second quarter. Rhumbline Advisers now owns 39,940 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 2,081 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Ashford Hospitality Prime by 56.1% during 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 acquiring an additional 251,717 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

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Several equities research analysts have commented on AHP shares. Zacks Investment Research upgraded Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, July 5th. ValuEngine lowered Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. BidaskClub upgraded Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Robert W. Baird restated a “hold” rating and set a $11.00 price target on shares of Ashford Hospitality Prime in a research note on Friday, September 8th. Finally, Canaccord Genuity restated a “hold” rating and set a $11.00 price target on shares of Ashford Hospitality Prime in a research note on Monday, June 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Ashford Hospitality Prime has a consensus rating of “Hold” and an average target price of $13.17.

Shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) opened at 9.84 on Friday. Ashford Hospitality Prime, Inc. has a 1-year low of $9.02 and a 1-year high of $14.89. The firm has a market cap of $309.65 million, a price-to-earnings ratio of 25.49 and a beta of 1.17. The stock has a 50 day moving average price of $9.73 and a 200-day moving average price of $10.27.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 6.50%. Ashford Hospitality Prime’s payout ratio is 177.78%.

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.

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

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