Ashford Hospitality Prime (AHP) Stock Rating Upgraded by ValuEngine

Ashford Hospitality Prime (NYSE:AHP) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other research firms have also commented on AHP. Zacks Investment Research lowered shares of Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub upgraded shares of Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Robert W. Baird restated a “hold” rating and issued a $11.00 price target on shares of Ashford Hospitality Prime in a report on Friday, September 8th. Finally, B. Riley restated a “buy” rating on shares of Ashford Hospitality Prime in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Ashford Hospitality Prime presently has a consensus rating of “Hold” and a consensus price target of $13.17.

Ashford Hospitality Prime (AHP) traded up $0.04 during midday trading on Friday, reaching $9.25. 184,158 shares of the company traded hands, compared to its average volume of 184,228. Ashford Hospitality Prime has a 52-week low of $8.74 and a 52-week high of $14.87. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.77 and a quick ratio of 3.77. The stock has a market capitalization of $295.38, a price-to-earnings ratio of 5.54 and a beta of 1.15.

In other news, EVP Jeremy Welter acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $4,903.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 10.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of Ashford Hospitality Prime by 90.3% during the third quarter. Public Employees Retirement System of Ohio now owns 67,219 shares of the real estate investment trust’s stock valued at $639,000 after purchasing an additional 31,899 shares during the period. California Public Employees Retirement System raised its stake in shares of Ashford Hospitality Prime by 24.1% during the third quarter. California Public Employees Retirement System now owns 109,696 shares of the real estate investment trust’s stock valued at $1,042,000 after purchasing an additional 21,296 shares during the period. Lido Advisors LLC purchased a new stake in shares of Ashford Hospitality Prime during the third quarter valued at approximately $699,000. Dimensional Fund Advisors LP raised its stake in shares of Ashford Hospitality Prime by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 447,158 shares of the real estate investment trust’s stock valued at $4,248,000 after purchasing an additional 10,418 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Ashford Hospitality Prime by 40.6% during the third quarter. Wells Fargo & Company MN now owns 40,771 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 11,782 shares during the period. Institutional investors own 62.63% 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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Analyst Recommendations for Ashford Hospitality Prime (NYSE:AHP)

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