Ashford Hospitality Prime Given Consensus Rating of “Hold” by Analysts (NYSE:AHP)
Ashford Hospitality Prime (NYSE:AHP) has earned a consensus recommendation of “Hold” from the nine brokerages that are covering the company, American Banking News.com reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.03.
Ashford Hospitality Prime (NYSE:AHP) opened at 17.1733 on Friday. Ashford Hospitality Prime has a 52-week low of $14.62 and a 52-week high of $23.28. The stock’s 50-day moving average is $15.98 and its 200-day moving average is $16.72. The company’s market cap is $435.9 million.
Ashford Hospitality Prime (NYSE:AHP) last announced its earnings results on Friday, May 9th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.25. On average, analysts predict that Ashford Hospitality Prime will post $0.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, June 26th.
A number of analysts have recently weighed in on AHP shares. Analysts at Bank of America initiated coverage on shares of Ashford Hospitality Prime in a research note on Monday, June 2nd. They set a “buy” rating and a $19.00 price target on the stock. Separately, analysts at JMP Securities initiated coverage on shares of Ashford Hospitality Prime in a research note on Wednesday, May 14th. They set an “outperform” rating and a $19.00 price target on the stock. Finally, analysts at MLV & Co
cut their price target on shares of Ashford Hospitality Prime from $19.00 to $17.00 in a research note on Wednesday, May 14th. They now have a “hold” rating 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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