Ashford Hospitality Prime Upgraded to “Buy” by R. F. Lafferty (AHP)
Ashford Hospitality Prime (NYSE:AHP) was upgraded by equities researchers at R. F. Lafferty from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, StockRatingsNetwork reports.
Separately, analysts at MLV Capital initiated coverage on shares of Ashford Hospitality Prime in a research note to investors on Tuesday, December 3rd. They set a “hold” rating and a $23.00 price target on the stock.
Shares of Ashford Hospitality Prime (NYSE:AHP) traded down 0.32% on Tuesday, hitting $18.58. The stock had a trading volume of 22,766 shares. Ashford Hospitality Prime has a 1-year low of $17.20 and a 1-year high of $23.28. The stock’s 50-day moving average is $19.79 and its 200-day moving average is $20.17.
The company also recently declared a special dividend, which is scheduled for Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of 0.05 per share. The ex-dividend date of this dividend is Friday, December 27th.
Ashford Hospitality Prime, Inc (NYSE:AHP) invests primarily in revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels.
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