Wall Street brokerages forecast that Ashford Hospitality Prime Inc (NYSE:AHP) will announce $0.38 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ashford Hospitality Prime’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.36. Ashford Hospitality Prime posted earnings per share of $0.55 during the same quarter last year, which suggests a negative year over year growth rate of 30.9%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, November 1st.

According to Zacks, analysts expect that Ashford Hospitality Prime will report full-year earnings of $1.70 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.74. For the next year, analysts anticipate that the business will post earnings of $1.70 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 research firms that follow Ashford Hospitality Prime.

Several equities analysts have recently issued reports on AHP shares. Zacks Investment Research cut shares of Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine cut shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Ashford Hospitality Prime in a research note on Friday, September 8th. BidaskClub raised shares of Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Ashford Hospitality Prime in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Ashford Hospitality Prime has an average rating of “Hold” and an average target price of $13.17.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Ashford Hospitality Prime in the first quarter worth approximately $335,000. Wells Fargo & Company MN increased its position in shares of Ashford Hospitality Prime by 218.8% in the first quarter. Wells Fargo & Company MN now owns 55,556 shares of the real estate investment trust’s stock worth $589,000 after acquiring an additional 38,130 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Ashford Hospitality Prime by 12.1% in the first quarter. Great West Life Assurance Co. Can now owns 19,164 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 2,070 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ashford Hospitality Prime by 17.0% in the first quarter. Bank of New York Mellon Corp now owns 215,950 shares of the real estate investment trust’s stock worth $2,291,000 after acquiring an additional 31,409 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Ashford Hospitality Prime by 10.8% in the first quarter. Swiss National Bank now owns 41,954 shares of the real estate investment trust’s stock worth $445,000 after acquiring an additional 4,100 shares in the last quarter. 69.39% of the stock is currently owned by institutional investors.

Shares of Ashford Hospitality Prime (NYSE:AHP) traded up 0.30% on Monday, reaching $10.15. 46,800 shares of the company’s stock traded hands. Ashford Hospitality Prime has a 52 week low of $9.02 and a 52 week high of $14.87. The firm has a market capitalization of $319.40 million, a price-to-earnings ratio of 26.30 and a beta of 1.17. The company has a 50 day moving average price of $9.83 and a 200 day moving average price of $10.10.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a $0.16 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.64 annualized dividend and a dividend yield of 6.32%. Ashford Hospitality Prime’s dividend payout ratio is currently 177.78%.

About Ashford Hospitality Prime

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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Earnings History and Estimates for Ashford Hospitality Prime (NYSE:AHP)

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