Ashford Hospitality Prime, Inc. (AHP) Shares Bought by LSV Asset Management

LSV Asset Management raised its holdings in shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 781,991 shares of the real estate investment trust’s stock after purchasing an additional 2,503 shares during the quarter. LSV Asset Management owned 2.45% of Ashford Hospitality Prime worth $8,046,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AHP. Two Sigma Securities LLC bought a new stake in shares of Ashford Hospitality Prime during the first quarter worth $110,000. Bank of Montreal Can bought a new stake in shares of Ashford Hospitality Prime during the first quarter worth $113,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Ashford Hospitality Prime during the first quarter worth $188,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Ashford Hospitality Prime by 9.6% during the first 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, Great West Life Assurance Co. Can lifted its position in shares of Ashford Hospitality Prime by 12.1% during the first quarter. Great West Life Assurance Co. Can now owns 19,164 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 2,070 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

Shares of Ashford Hospitality Prime, Inc. (AHP) opened at 9.87 on Friday. The company has a market capitalization of $310.59 million, a P/E ratio of 25.57 and a beta of 1.17. Ashford Hospitality Prime, Inc. has a 12-month low of $9.02 and a 12-month high of $14.89. The company has a 50 day moving average price of $9.71 and a 200 day moving average price of $10.25.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date is Thursday, September 28th. Ashford Hospitality Prime’s dividend payout ratio is presently 177.78%.

Several analysts have recently weighed in on AHP shares. 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 research report on Friday, June 9th. BidaskClub downgraded Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, July 5th. Canaccord Genuity reiterated a “hold” rating and set a $11.00 target price on shares of Ashford Hospitality Prime in a research report on Monday, June 26th. Finally, ValuEngine downgraded Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.17.

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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.

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

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