Public Employees Retirement System of Ohio trimmed its position in shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,320 shares of the real estate investment trust’s stock after selling 139 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of Ashford Hospitality Prime worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AHP. Schroder Investment Management Group acquired a new stake in shares of Ashford Hospitality Prime during the 2nd quarter valued at about $115,000. Numeric Investors LLC acquired a new stake in Ashford Hospitality Prime in the 2nd quarter worth approximately $149,000. Voya Investment Management LLC lifted its holdings in Ashford Hospitality Prime by 16.3% in the 2nd quarter. Voya Investment Management LLC now owns 17,628 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 2,477 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Ashford Hospitality Prime by 9.6% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 18,250 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Forsta AP Fonden acquired a new stake in Ashford Hospitality Prime in the 2nd quarter worth approximately $206,000. Institutional investors and hedge funds own 66.50% of the company’s stock.

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

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Ashford Hospitality Prime, Inc. (NYSE AHP) opened at $9.08 on Wednesday. Ashford Hospitality Prime, Inc. has a 1-year low of $8.74 and a 1-year high of $14.87. The company has a market capitalization of $293.14, a P/E ratio of 5.50 and a beta of 1.18. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 2.57.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.05%. Ashford Hospitality Prime’s dividend payout ratio (DPR) is presently -228.56%.

In other Ashford Hospitality Prime news, EVP Jeremy Welter purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $8.90 per share, for a total transaction of $178,000.00. Following the completion of the acquisition, the executive vice president now directly owns 551 shares in the company, valued at $4,903.90. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.00% of the stock is owned by insiders.

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.

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

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