Wall Street brokerages expect Ashford Hospitality Prime, Inc. (NYSE:AHP) to announce sales of $106.86 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Ashford Hospitality Prime’s earnings. The highest sales estimate is $117.04 million and the lowest is $94.90 million. Ashford Hospitality Prime posted sales of $93.98 million in the same quarter last year, which suggests a positive year over year growth rate of 13.7%. The business is expected to announce its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Ashford Hospitality Prime will report full year sales of $106.86 million for the current fiscal year, with estimates ranging from $416.40 million to $444.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $456.09 million per share, with estimates ranging from $429.50 million to $493.56 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Ashford Hospitality Prime.

Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a report on Friday, September 1st. B. Riley reissued a “buy” rating on shares of Ashford Hospitality Prime in a report on Friday, November 3rd. Robert W. Baird reissued a “hold” rating and set a $11.00 price target on shares of Ashford Hospitality Prime in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, BidaskClub raised shares of Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $13.17.

In related news, EVP Jeremy Welter acquired 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $8.90 per share, for a total transaction of $178,000.00. Following the completion of the purchase, the executive vice president now directly owns 551 shares in the company, valued at $4,903.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Ashford Hospitality Prime by 17.2% during the first quarter. Vanguard Group Inc. now owns 4,275,883 shares of the real estate investment trust’s stock valued at $45,367,000 after purchasing an additional 626,155 shares in the last quarter. State Street Corp raised its stake in shares of Ashford Hospitality Prime by 17.0% during the second quarter. State Street Corp now owns 1,099,981 shares of the real estate investment trust’s stock valued at $11,320,000 after purchasing an additional 160,134 shares in the last quarter. LSV Asset Management raised its stake in shares of Ashford Hospitality Prime by 0.3% during the second quarter. LSV Asset Management now owns 781,991 shares of the real estate investment trust’s stock valued at $8,046,000 after purchasing an additional 2,503 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Ashford Hospitality Prime by 25.1% during the second quarter. Prudential Financial Inc. now owns 757,786 shares of the real estate investment trust’s stock valued at $7,797,000 after purchasing an additional 152,070 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Ashford Hospitality Prime by 56.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 700,678 shares of the real estate investment trust’s stock valued at $7,210,000 after purchasing an additional 251,717 shares in the last quarter. Institutional investors and hedge funds own 62.63% of the company’s stock.

Ashford Hospitality Prime (NYSE:AHP) opened at $9.25 on Friday. Ashford Hospitality Prime has a 1-year low of $8.74 and a 1-year high of $14.87. The stock has a market cap of $294.10, a price-to-earnings ratio of 5.51 and a beta of 1.15. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 2.57.

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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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