Ashford Hospitality Prime, Inc. (AHP) to Release Quarterly Earnings on Tuesday
Ashford Hospitality Prime, Inc. (NYSE:AHP) will be announcing its earnings results after the market closes on Tuesday, October 31st.
Shares of Ashford Hospitality Prime, Inc. (AHP) opened at 10.03 on Tuesday. The stock’s 50 day moving average price is $9.84 and its 200 day moving average price is $10.09. The stock has a market capitalization of $315.62 million, a P/E ratio of 25.98 and a beta of 1.17. Ashford Hospitality Prime, Inc. has a one year low of $9.02 and a one year high of $14.87.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.38%. Ashford Hospitality Prime’s dividend payout ratio (DPR) is presently 177.78%.
AHP has been the subject of a number of analyst reports. Zacks Investment Research raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, July 5th. ValuEngine raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub raised Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Robert W. Baird reaffirmed a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a research note on Friday, September 8th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a research note on Monday, June 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Ashford Hospitality Prime currently has an average rating of “Hold” and an average price target of $13.17.
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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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