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Equities researchers at Craig Hallum initiated coverage on shares of Ashford Hospitality Prime (NYSE:AHP) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

Shares of Ashford Hospitality Prime (NYSE:AHP) traded up 0.37% on Wednesday, hitting $16.48. The stock had a trading volume of 381,131 shares. Ashford Hospitality Prime has a 52-week low of $16.20 and a 52-week high of $23.28. The stock’s 50-day moving average is $18.31 and its 200-day moving average is $19.49.

Several other analysts have also recently commented on the stock. Analysts at R. F. Lafferty upgraded shares of Ashford Hospitality Prime from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 7th. 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.

Ashford Hospitality Prime, Inc (NYSE:AHP) invests primarily in revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels.

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