BidaskClub downgraded shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) from a sell rating to a strong sell rating in a research report released on Friday morning.

Other equities research analysts have also issued research reports about the stock. FBR & Co set a $15.00 price target on shares of Ashford Hospitality Prime and gave the stock a buy rating in a research note on Saturday, April 8th. Zacks Investment Research upgraded shares of Ashford Hospitality Prime from a hold rating to a buy rating and set a $12.00 price target for the company in a research note on Wednesday, July 5th. ValuEngine lowered shares of Ashford Hospitality Prime from a strong-buy rating to a buy rating in a research note on Friday, June 2nd. Canaccord Genuity restated a hold rating and set a $11.00 price target on shares of Ashford Hospitality Prime in a research note on Monday, June 26th. Finally, Deutsche Bank AG upgraded shares of Ashford Hospitality Prime from a hold rating to a buy rating and decreased their price target for the stock from $14.00 to $13.00 in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $13.60.

Shares of Ashford Hospitality Prime (AHP) opened at 10.36 on Friday. The company has a market cap of $282.49 million, a PE ratio of 19.62 and a beta of 1.16. The stock’s 50 day moving average price is $10.33 and its 200-day moving average price is $11.13. Ashford Hospitality Prime has a one year low of $9.28 and a one year high of $17.64.

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The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.64 annualized dividend and a dividend yield of 6.18%. Ashford Hospitality Prime’s payout ratio is currently 130.61%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in Ashford Hospitality Prime by 4.1% in the first quarter. Alliancebernstein L.P. now owns 32,009 shares of the real estate investment trust’s stock valued at $340,000 after buying an additional 1,270 shares during the period. California Public Employees Retirement System increased its position in Ashford Hospitality Prime by 1.9% in the first quarter. California Public Employees Retirement System now owns 75,700 shares of the real estate investment trust’s stock valued at $803,000 after buying an additional 1,400 shares during the period. Metropolitan Life Insurance Co. NY increased its position 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 buying an additional 1,455 shares during the period. Asset Management One Co. Ltd. increased its position in Ashford Hospitality Prime by 2.6% in the first quarter. Asset Management One Co. Ltd. now owns 58,109 shares of the real estate investment trust’s stock valued at $609,000 after buying an additional 1,467 shares during the period. Finally, Ironwood Investment Management LLC increased its position in Ashford Hospitality Prime by 2.4% in the second quarter. Ironwood Investment Management LLC now owns 64,294 shares of the real estate investment trust’s stock valued at $662,000 after buying an additional 1,500 shares during the period. 68.20% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Ashford Hospitality Prime (NYSE:AHP)

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