Analysts Expect Ashford Hospitality Prime Inc (AHP) to Post $0.30 EPS

Analysts expect Ashford Hospitality Prime Inc (NYSE:AHP) to post earnings of $0.30 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Ashford Hospitality Prime’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.25. Ashford Hospitality Prime posted earnings of $0.34 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 11.8%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, February 8th.

According to Zacks, analysts expect that Ashford Hospitality Prime will report full year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.57 to $1.68. For the next financial year, analysts forecast that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.45 to $1.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Ashford Hospitality Prime.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, January 2nd. ValuEngine upgraded shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, B. Riley reiterated a “buy” rating on shares of Ashford Hospitality Prime in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.20.

Several hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Ashford Hospitality Prime by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 217,507 shares of the real estate investment trust’s stock worth $2,238,000 after purchasing an additional 1,557 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Ashford Hospitality Prime by 16.3% in the second quarter. Voya Investment Management LLC now owns 17,628 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 2,477 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Ashford Hospitality Prime by 17.4% in the second quarter. The Manufacturers Life Insurance Company now owns 24,233 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 3,590 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Ashford Hospitality Prime by 19.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 28,672 shares of the real estate investment trust’s stock valued at $295,000 after buying an additional 4,672 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in Ashford Hospitality Prime by 7.2% in the second quarter. Teachers Advisors LLC now owns 124,936 shares of the real estate investment trust’s stock valued at $1,286,000 after buying an additional 8,440 shares during the period. Institutional investors own 64.45% of the company’s stock.

Ashford Hospitality Prime (NYSE AHP) opened at $8.71 on Wednesday. The company has a market cap of $276.56, a PE ratio of -31.11 and a beta of 1.00. Ashford Hospitality Prime has a 12-month low of $8.44 and a 12-month high of $13.83. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.77 and a quick ratio of 3.77.

Ashford Hospitality Prime declared that its Board of Directors has initiated a share buyback program on Monday, December 11th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.35%. Ashford Hospitality Prime’s payout ratio is -228.56%.

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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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