Ashford Hospitality Prime, Inc. (NYSE:AHP) EVP Jeremy Welter bought 20,000 shares of the stock in a transaction that occurred on 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 purchase, the executive vice president now directly owns 551 shares in the company, valued at $4,903.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Ashford Hospitality Prime, Inc. (NYSE AHP) opened at $9.26 on Friday. The company has a market cap of $295.70, a price-to-earnings ratio of 5.54 and a beta of 1.18. The company has a quick ratio of 3.84, a current ratio of 3.77 and a debt-to-equity ratio of 2.57. Ashford Hospitality Prime, Inc. has a 1-year low of $8.74 and a 1-year high of $14.87.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Thursday, September 28th. Ashford Hospitality Prime’s payout ratio is presently -228.56%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Ashford Hospitality Prime by 17.2% in the 1st quarter. Vanguard Group Inc. now owns 4,275,883 shares of the real estate investment trust’s stock worth $45,367,000 after acquiring an additional 626,155 shares in the last quarter. State Street Corp boosted its stake in Ashford Hospitality Prime by 17.0% during the 2nd quarter. State Street Corp now owns 1,099,981 shares of the real estate investment trust’s stock worth $11,320,000 after purchasing an additional 160,134 shares during the last quarter. LSV Asset Management boosted its stake in Ashford Hospitality Prime by 0.3% during the 2nd quarter. LSV Asset Management now owns 781,991 shares of the real estate investment trust’s stock worth $8,046,000 after purchasing an additional 2,503 shares during the last quarter. Prudential Financial Inc. boosted its stake in Ashford Hospitality Prime by 25.1% during the 2nd quarter. Prudential Financial Inc. now owns 757,786 shares of the real estate investment trust’s stock worth $7,797,000 after purchasing an additional 152,070 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Ashford Hospitality Prime by 56.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 700,678 shares of the real estate investment trust’s stock worth $7,210,000 after purchasing an additional 251,717 shares during the last quarter. 69.64% of the stock is owned by institutional investors.

A number of research firms recently commented on AHP. BidaskClub cut shares of Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine lowered shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. 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. Robert W. Baird reissued a “hold” rating and set a $11.00 price target 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 issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.17.

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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