Ashford Hospitality Prime, Inc. (NYSE:AHP)‘s stock had its “hold” rating reaffirmed by stock analysts at Robert W. Baird in a report issued on Friday. They presently have a $11.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price objective suggests a potential upside of 15.06% from the company’s current price.

Several other brokerages also recently issued reports on AHP. Zacks Investment Research upgraded Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, July 5th. Canaccord Genuity restated a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a research report on Monday, June 26th. BidaskClub downgraded Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine downgraded Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Deutsche Bank AG upgraded Ashford Hospitality Prime from a “hold” rating to a “buy” rating and cut their price objective for the stock from $14.00 to $13.00 in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.17.

Ashford Hospitality Prime (NYSE AHP) traded up 1.49% during midday trading on Friday, hitting $9.56. The company had a trading volume of 239,567 shares. Ashford Hospitality Prime has a 52-week low of $9.02 and a 52-week high of $15.26. The stock has a market cap of $300.83 million, a PE ratio of 24.77 and a beta of 1.17. The stock’s 50-day moving average price is $9.82 and its 200-day moving average price is $10.38.

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A number of institutional investors and hedge funds have recently modified their holdings of AHP. Teachers Advisors LLC raised its holdings in Ashford Hospitality Prime by 68.4% in the 4th quarter. Teachers Advisors LLC now owns 78,285 shares of the real estate investment trust’s stock valued at $1,069,000 after acquiring an additional 31,784 shares during the last quarter. Bank of Montreal Can acquired a new position in Ashford Hospitality Prime in the 1st quarter valued at $113,000. Acadian Asset Management LLC acquired a new position in Ashford Hospitality Prime in the 1st quarter valued at $295,000. Strs Ohio raised its holdings in Ashford Hospitality Prime by 20.0% in the 1st quarter. Strs Ohio now owns 55,671 shares of the real estate investment trust’s stock valued at $590,000 after acquiring an additional 9,293 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Ashford Hospitality Prime in the 1st quarter valued at $335,000. Institutional investors own 69.48% of the company’s stock.

Ashford Hospitality Prime Company Profile

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.

Analyst Recommendations for Ashford Hospitality Prime (NYSE:AHP)

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