Analysts expect that Ashford Hospitality Prime, Inc. (NYSE:AHP) will post sales of $106.86 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Ashford Hospitality Prime’s earnings, with estimates ranging from $94.90 million to $117.04 million. Ashford Hospitality Prime reported sales of $93.98 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Ashford Hospitality Prime will report full-year sales of $106.86 million for the current year, with estimates ranging from $416.40 million to $444.50 million. For the next fiscal year, analysts forecast that the company will post sales of $456.09 million per share, with estimates ranging from $429.50 million to $493.56 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Ashford Hospitality Prime.

Several equities analysts recently commented on AHP shares. BidaskClub lowered shares of Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a research report on Wednesday, August 9th. ValuEngine lowered shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and issued a $11.00 price objective on shares of Ashford Hospitality Prime in a research report on Friday, September 8th. Finally, B. Riley reissued a “buy” rating on shares of Ashford Hospitality Prime in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $13.17.

Ashford Hospitality Prime (NYSE:AHP) opened at $9.18 on Tuesday. 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 quick ratio of 3.77 and a current ratio of 3.77. The company has a market cap of $295.70, a P/E ratio of 5.54 and a beta of 1.18.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.64 annualized dividend and a dividend yield of 6.97%. Ashford Hospitality Prime’s dividend payout ratio (DPR) is presently -228.56%.

In other news, EVP Jeremy Welter bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was 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 owns 551 shares of the company’s stock, valued at $4,903.90. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 10.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. boosted its stake in Ashford Hospitality Prime by 4.1% during the 1st quarter. Alliancebernstein L.P. now owns 32,009 shares of the real estate investment trust’s stock valued at $340,000 after acquiring an additional 1,270 shares during the last quarter. California Public Employees Retirement System boosted its stake in Ashford Hospitality Prime by 1.9% during 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 acquiring an additional 1,400 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Ashford Hospitality Prime by 7.3% during 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 acquiring an additional 1,455 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in Ashford Hospitality Prime by 2.4% during 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 acquiring an additional 1,500 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Ashford Hospitality Prime by 0.7% during 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 acquiring an additional 1,557 shares during the last quarter. Hedge funds and other institutional investors own 66.50% of the company’s stock.

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About Ashford Hospitality Prime

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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