TIAA CREF Investment Management LLC trimmed its stake in Ashford Hospitality Prime, Inc. (NYSE:AHP) by 39.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,170 shares of the real estate investment trust’s stock after selling 98,898 shares during the period. TIAA CREF Investment Management LLC owned 0.47% of Ashford Hospitality Prime worth $1,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AHP. Vanguard Group Inc. raised its position in shares of 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. JPMorgan Chase & Co. raised its position in shares of Ashford Hospitality Prime by 83.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 615,539 shares of the real estate investment trust’s stock worth $6,333,000 after acquiring an additional 279,810 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Ashford Hospitality Prime by 56.1% in 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 acquiring an additional 251,717 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Ashford Hospitality Prime by 25.1% in the 2nd quarter. Prudential Financial Inc. now owns 757,786 shares of the real estate investment trust’s stock worth $7,797,000 after acquiring an additional 152,070 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Ashford Hospitality Prime by 1,135.7% in the 2nd quarter. Bank of Montreal Can now owns 131,816 shares of the real estate investment trust’s stock worth $1,356,000 after acquiring an additional 121,149 shares in the last quarter. 69.64% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on AHP. BidaskClub lowered Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine lowered Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Robert W. Baird restated a “hold” rating and set a $11.00 target price on shares of Ashford Hospitality Prime in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued 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, Inc. (AHP) opened at $9.12 on Monday. Ashford Hospitality Prime, Inc. has a one year low of $8.95 and a one year high of $14.87. The company has a debt-to-equity ratio of 2.52, a quick ratio of 3.84 and a current ratio of 3.84. The firm has a market capitalization of $291.39, a price-to-earnings ratio of 5.46 and a beta of 1.18.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.64 annualized dividend and a yield of 7.02%. Ashford Hospitality Prime’s dividend payout ratio (DPR) is -228.56%.

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Ashford Hospitality Prime 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.

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

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