Ashford Hospitality Prime, Inc. (NYSE:AHP) has received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $13.40.

Several brokerages have recently issued reports on AHP. Zacks Investment Research upgraded shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, July 5th. Canaccord Genuity restated a “hold” rating and issued a $11.00 target price on shares of Ashford Hospitality Prime in a report on Monday, June 26th. BidaskClub cut shares of Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. ValuEngine cut shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Deutsche Bank AG upgraded shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and cut their target price for the stock from $14.00 to $13.00 in a report on Friday, June 9th.

Ashford Hospitality Prime (AHP) opened at 9.66 on Friday. Ashford Hospitality Prime has a 12 month low of $9.02 and a 12 month high of $14.89. The firm has a market cap of $303.98 million, a P/E ratio of 25.03 and a beta of 1.17. The stock has a 50 day moving average of $9.68 and a 200-day moving average of $10.19.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend is Thursday, September 28th. Ashford Hospitality Prime’s payout ratio is 177.78%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/23/ashford-hospitality-prime-inc-ahp-given-consensus-rating-of-hold-by-analysts.html.

A number of hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its stake in Ashford Hospitality Prime by 4.1% in the first quarter. Alliancebernstein L.P. now owns 32,009 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 1,270 shares during the period. California Public Employees Retirement System lifted its stake in Ashford Hospitality Prime by 1.9% in the first quarter. California Public Employees Retirement System now owns 75,700 shares of the real estate investment trust’s stock worth $803,000 after acquiring an additional 1,400 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in Ashford Hospitality Prime by 7.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 21,507 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 1,455 shares during the period. Asset Management One Co. Ltd. lifted its stake in Ashford Hospitality Prime by 2.6% in the first quarter. Asset Management One Co. Ltd. now owns 58,109 shares of the real estate investment trust’s stock worth $609,000 after acquiring an additional 1,467 shares during the period. Finally, Ironwood Investment Management LLC lifted its stake in Ashford Hospitality Prime by 2.4% in the second quarter. Ironwood Investment Management LLC now owns 64,294 shares of the real estate investment trust’s stock worth $662,000 after acquiring an additional 1,500 shares during the period. 69.39% of the stock is owned by institutional investors.

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)

Receive News & Ratings for Ashford Hospitality Prime Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ashford Hospitality Prime Inc. and related companies with MarketBeat.com's FREE daily email newsletter.