Goldman Sachs Group Inc. raised its position in Ashford Hospitality Prime, Inc. (NYSE:AHP) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,179 shares of the real estate investment trust’s stock after buying an additional 9,270 shares during the period. Goldman Sachs Group Inc.’s holdings in Ashford Hospitality Prime were worth $1,074,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of AHP. Tudor Investment Corp ET AL increased its stake in shares of Ashford Hospitality Prime by 112.3% in the first quarter. Tudor Investment Corp ET AL now owns 29,698 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 15,707 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of 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 worth $228,000 after buying an additional 1,455 shares during the last quarter. Teachers Insurance & Annuity Association of America increased its stake in shares of Ashford Hospitality Prime by 22.8% in the first quarter. Teachers Insurance & Annuity Association of America now owns 33,926 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 6,295 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Ashford Hospitality Prime during the first quarter worth $110,000. Finally, Bank of America Corp DE increased its stake in shares of Ashford Hospitality Prime by 67.6% in the first quarter. Bank of America Corp DE now owns 197,319 shares of the real estate investment trust’s stock worth $2,094,000 after buying an additional 79,577 shares during the last quarter. Hedge funds and other institutional investors own 68.17% of the company’s stock.

Shares of Ashford Hospitality Prime, Inc. (NYSE AHP) traded down 0.52% during mid-day trading on Friday, hitting $9.56. The stock had a trading volume of 202,310 shares. Ashford Hospitality Prime, Inc. has a 1-year low of $9.28 and a 1-year high of $15.87. The stock’s 50-day moving average is $10.31 and its 200 day moving average is $10.94. The firm has a market capitalization of $300.83 million, a price-to-earnings ratio of 24.77 and a beta of 1.16.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.69%. The ex-dividend date was Wednesday, June 28th. Ashford Hospitality Prime’s dividend payout ratio is currently 177.78%.

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A number of analysts have weighed in on the company. Zacks Investment Research downgraded Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a report on Wednesday. BidaskClub downgraded Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Canaccord Genuity reiterated a “hold” rating and set a $11.00 price target on shares of Ashford Hospitality Prime in a report on Monday, June 26th. ValuEngine downgraded Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, Deutsche Bank AG upgraded 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 report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.60.

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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Institutional Ownership by Quarter for Ashford Hospitality Prime (NYSE:AHP)

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