Ashford Hospitality Prime, Inc. (AHP) Expected to Post Earnings of $0.37 Per Share
Wall Street analysts expect Ashford Hospitality Prime, Inc. (NYSE:AHP) to report $0.37 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Ashford Hospitality Prime’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.36. Ashford Hospitality Prime posted earnings per share of $0.55 in the same quarter last year, which indicates a negative year-over-year growth rate of 32.7%. The business is expected to report its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Ashford Hospitality Prime will report full year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.72. For the next financial year, analysts forecast that the business will report earnings of $1.67 per share, with EPS estimates ranging from $1.54 to $1.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Ashford Hospitality Prime.
Several research firms have commented on AHP. ValuEngine downgraded Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Deutsche Bank AG upgraded Ashford Hospitality Prime from a “hold” rating to a “buy” rating and dropped their target price for the company from $14.00 to $13.00 in a research report on Friday, June 9th. Canaccord Genuity reiterated a “hold” rating and issued a $11.00 target price 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. Finally, Robert W. Baird reiterated a “hold” rating and issued a $11.00 target price on shares of Ashford Hospitality Prime in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.17.
Ashford Hospitality Prime (AHP) traded up 0.30% on Friday, hitting $9.87. The company had a trading volume of 452,473 shares. The firm has a market capitalization of $310.59 million, a PE ratio of 25.57 and a beta of 1.17. Ashford Hospitality Prime has a 12-month low of $9.02 and a 12-month high of $14.89. The firm has a 50-day moving average price of $9.71 and a 200-day moving average price of $10.25.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders 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 dividend yield of 6.48%. Ashford Hospitality Prime’s dividend payout ratio (DPR) is 177.78%.
Several institutional investors and hedge funds have recently modified their holdings of AHP. Two Sigma Securities LLC bought a new position in shares of Ashford Hospitality Prime during the first quarter worth about $110,000. Bank of Montreal Can bought a new position in shares of Ashford Hospitality Prime during the first quarter worth about $113,000. Schroder Investment Management Group bought a new position in shares of Ashford Hospitality Prime during the second quarter worth about $115,000. Numeric Investors LLC bought a new position in shares of Ashford Hospitality Prime during the second quarter worth about $149,000. Finally, Voya Investment Management LLC raised its position in shares of Ashford Hospitality Prime by 16.3% during the second quarter. Voya Investment Management LLC now owns 17,628 shares of the real estate investment trust’s stock worth $181,000 after acquiring an additional 2,477 shares during the last quarter. 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.
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