Wall Street analysts forecast that Ashford Hospitality Prime, Inc. (NYSE:AHP) will post $111.57 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Ashford Hospitality Prime’s earnings. The lowest sales estimate is $107.40 million and the highest is $114.07 million. Ashford Hospitality Prime reported sales of $99.65 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The company is expected to report 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 sales of $111.57 million for the current year, with estimates ranging from $433.20 million to $444.50 million. For the next fiscal year, analysts forecast that the business will post sales of $471.05 million per share, with estimates ranging from $462.60 million to $493.56 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Ashford Hospitality Prime.

A number of equities research analysts have recently issued reports on AHP shares. Zacks Investment Research raised shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Wednesday, July 5th. ValuEngine raised shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. 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, Robert W. Baird reissued a “hold” rating and issued a $11.00 price target on shares of Ashford Hospitality Prime in a research note on Friday, September 8th. One 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. The stock presently has an average rating of “Hold” and a consensus price target of $13.17.

Shares of Ashford Hospitality Prime (AHP) traded up 0.60% during trading on Wednesday, reaching $10.06. 104,233 shares of the company’s stock were exchanged. Ashford Hospitality Prime has a 12-month low of $9.02 and a 12-month high of $14.87. The company has a 50 day moving average of $9.84 and a 200 day moving average of $10.08. The stock has a market cap of $316.57 million, a P/E ratio of 26.06 and a beta of 1.17.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Prime’s dividend payout ratio (DPR) is presently 177.78%.

A number of hedge funds and other institutional investors have recently bought and sold shares of AHP. Alliancebernstein L.P. boosted its holdings in shares of Ashford Hospitality Prime by 4.1% in the 1st quarter. Alliancebernstein L.P. now owns 32,009 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 1,270 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Ashford Hospitality Prime by 1.9% in the 1st quarter. California Public Employees Retirement System now owns 75,700 shares of the real estate investment trust’s stock valued at $803,000 after buying an additional 1,400 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Ashford Hospitality Prime by 7.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 21,507 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 1,455 shares in the last quarter. Ironwood Investment Management LLC boosted its holdings in shares of Ashford Hospitality Prime by 2.4% in the 2nd quarter. Ironwood Investment Management LLC now owns 64,294 shares of the real estate investment trust’s stock valued at $662,000 after buying an additional 1,500 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Ashford Hospitality Prime by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 217,507 shares of the real estate investment trust’s stock valued at $2,238,000 after buying an additional 1,557 shares in the last quarter. Institutional investors own 69.49% of the company’s stock.

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

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