ValuEngine upgraded shares of Ashford Hospitality Prime (NYSE:AHP) from a hold rating to a buy rating in a research report released on Friday morning.

A number of other research firms also recently weighed in on AHP. Zacks Investment Research downgraded Ashford Hospitality Prime from a buy rating to a sell rating in a report on Wednesday, August 9th. BidaskClub raised Ashford Hospitality Prime from a strong sell rating to a sell rating in a report on Saturday, August 26th. Robert W. Baird reissued a hold rating and set a $11.00 target price on shares of Ashford Hospitality Prime in a report on Friday, September 8th. Finally, B. Riley reissued a buy rating on shares of Ashford Hospitality Prime in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Ashford Hospitality Prime presently has an average rating of Hold and an average target price of $13.17.

Ashford Hospitality Prime (NYSE AHP) opened at $9.18 on Friday. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 2.57. Ashford Hospitality Prime has a 52-week low of $8.74 and a 52-week high of $14.87. The company has a market cap of $295.38, a price-to-earnings ratio of 5.54 and a beta of 1.14.

In other news, EVP Jeremy Welter bought 20,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $8.90 per share, with a total value of $178,000.00. Following the completion of the acquisition, the executive vice president now owns 551 shares of the company’s stock, valued at $4,903.90. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of AHP. Dynamic Technology Lab Private Ltd acquired a new position in Ashford Hospitality Prime in the third quarter valued at about $109,000. Schroder Investment Management Group acquired a new position in Ashford Hospitality Prime in the second quarter valued at about $115,000. Numeric Investors LLC acquired a new position in Ashford Hospitality Prime in the second quarter valued at about $149,000. Voya Investment Management LLC raised its stake 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 purchasing an additional 2,477 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Ashford Hospitality Prime by 7.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 21,507 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 1,455 shares in the last quarter. 62.33% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ashford Hospitality Prime (NYSE:AHP)

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