Ashford Hospitality Prime, Inc. (NYSE:AHP) Expected to Post Earnings of $0.37 Per Share

Wall Street brokerages expect Ashford Hospitality Prime, Inc. (NYSE:AHP) to announce earnings of $0.37 per share for the current quarter, according to Zacks. Four analysts have made estimates for Ashford Hospitality Prime’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.39. Ashford Hospitality Prime posted earnings of $0.38 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.6%. The business is scheduled to issue its next earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Ashford Hospitality Prime will report full-year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.58 to $1.76. For the next year, analysts expect that the business will post earnings of $1.65 per share, with EPS estimates ranging from $1.59 to $1.71. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Ashford Hospitality Prime.

Several analysts have recently commented on AHP shares. Zacks Investment Research upgraded Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Deutsche Bank AG upgraded Ashford Hospitality Prime from a “hold” rating to a “buy” rating and decreased their target price for the stock from $14.00 to $13.00 in a report on Friday, June 9th. Canaccord Genuity restated a “hold” rating and set a $11.00 target price on shares of Ashford Hospitality Prime in a report on Monday, June 26th. ValuEngine cut Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, BidaskClub cut Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.60.

Several institutional investors have recently modified their holdings of AHP. Dimensional Fund Advisors LP raised its position in shares of Ashford Hospitality Prime by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 436,740 shares of the real estate investment trust’s stock valued at $4,494,000 after buying an additional 24,687 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Ashford Hospitality Prime by 155.2% in the second quarter. Parametric Portfolio Associates LLC now owns 72,341 shares of the real estate investment trust’s stock valued at $744,000 after buying an additional 43,992 shares during the period. California Public Employees Retirement System raised its position in shares of Ashford Hospitality Prime by 16.8% in the second quarter. California Public Employees Retirement System now owns 88,400 shares of the real estate investment trust’s stock valued at $910,000 after buying an additional 12,700 shares during the period. Northern Trust Corp raised its position in shares of Ashford Hospitality Prime by 13.2% in the second quarter. Northern Trust Corp now owns 334,438 shares of the real estate investment trust’s stock valued at $3,442,000 after buying an additional 39,092 shares during the period. Finally, Menta Capital LLC purchased a new position in shares of Ashford Hospitality Prime during the second quarter valued at about $579,000. 68.17% of the stock is currently owned by institutional investors and hedge funds.

Ashford Hospitality Prime (NYSE:AHP) traded down 0.52% during midday trading on Wednesday, reaching $9.56. The company’s stock had a trading volume of 202,310 shares. The firm has a 50 day moving average price of $10.31 and a 200 day moving average price of $10.94. Ashford Hospitality Prime has a 1-year low of $9.28 and a 1-year high of $15.87. The firm has a market capitalization of $300.83 million, a PE ratio of 24.77 and a beta of 1.16.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued 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 payout ratio is presently 177.78%.

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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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Earnings History and Estimates for Ashford Hospitality Prime (NYSE:AHP)

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