Ashford Hospitality Prime (NYSE:AHP) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.00.

A number of equities research analysts have recently weighed in on the company. B. Riley set a $13.00 target price on Ashford Hospitality Prime and gave the stock a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. Finally, ValuEngine downgraded Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.

AHP stock opened at $10.38 on Thursday. The firm has a market cap of $333.41 million, a PE ratio of 6.41 and a beta of 0.82. Ashford Hospitality Prime has a twelve month low of $8.44 and a twelve month high of $11.34. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 2.20.

Ashford Hospitality Prime (NYSE:AHP) last released its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.35. The company had revenue of $92.56 million during the quarter, compared to the consensus estimate of $100.48 million. Ashford Hospitality Prime had a return on equity of 6.28% and a net margin of 5.56%. equities research analysts predict that Ashford Hospitality Prime will post 1.54 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AHP. Wells Fargo & Company MN increased its holdings in Ashford Hospitality Prime by 40.6% in 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 last quarter. Dimensional Fund Advisors LP increased its holdings in Ashford Hospitality Prime by 2.4% in 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 last quarter. Schwab Charles Investment Management Inc. increased its holdings in Ashford Hospitality Prime by 10.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 421,463 shares of the real estate investment trust’s stock valued at $4,101,000 after purchasing an additional 40,227 shares during the last quarter. American Century Companies Inc. increased its holdings in Ashford Hospitality Prime by 45.5% in the fourth quarter. American Century Companies Inc. now owns 50,775 shares of the real estate investment trust’s stock valued at $494,000 after purchasing an additional 15,867 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Ashford Hospitality Prime by 12.3% in the fourth quarter. California Public Employees Retirement System now owns 123,200 shares of the real estate investment trust’s stock valued at $1,199,000 after purchasing an additional 13,504 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

About Ashford Hospitality Prime

Ashford Hospitality Prime is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

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