The stock of Ashford Hospitality Prime Inc (NYSE:AHP) is a huge mover today! The stock decreased 3.62% or $0.47 during the last trading session, hitting $12.5. About 141,620 shares traded hands. Ashford Hospitality Prime Inc (NYSE:AHP) has risen 18.99% since April 13, 2016 and is uptrending. It has outperformed by 15.06% the S&P500.
The move comes after 9 months negative chart setup for the $336.55M company. It was reported on Nov, 15 by Barchart.com. We have $11.13 PT which if reached, will make NYSE:AHP worth $37.02 million less.
Ashford Hospitality Prime Inc (NYSE:AHP) Ratings Coverage
Out of 6 analysts covering Ashford Hospitality Prime (NYSE:AHP), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Ashford Hospitality Prime has been the topic of 16 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Ashford Hospitality Prime Inc (NYSE:AHP) has “Hold” rating given on Friday, February 5 by Suntrust Robinson. The rating was upgraded by Canaccord Genuity to “Buy” on Tuesday, September 1. The rating was initiated by Janney Capital on Wednesday, March 23 with “Neutral”. The firm has “Neutral” rating given on Tuesday, March 29 by Robert W. Baird. FBR Capital maintained Ashford Hospitality Prime Inc (NYSE:AHP) on Thursday, November 26 with “Outperform” rating. The stock of Ashford Hospitality Prime Inc (NYSE:AHP) has “Market Outperform” rating given on Tuesday, August 11 by JMP Securities. The rating was downgraded by JMP Securities on Monday, January 11 to “Mkt Perform”. The firm has “Sell” rating by Zacks given on Monday, August 10. The stock of Ashford Hospitality Prime Inc (NYSE:AHP) has “Hold” rating given on Monday, November 9 by Canaccord Genuity. On Thursday, January 7 the stock rating was downgraded by Robert W. Baird to “Underperform”.
According to Zacks Investment Research, “Ashford Hospitality Prime, Inc. is a real estate investment trust. It is focused on investing in high RevPAR full-service and urban select-service hotels and resorts located predominantly in domestic and international gateway markets. Ashford Hospitality Prime, Inc. is based in Dallas, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.72 in 2016 Q2. Its down 0.26, from 0.98 in 2016Q1. The ratio is negative, as 18 funds sold all Ashford Hospitality Prime Inc shares owned while 40 reduced positions. 15 funds bought stakes while 27 increased positions. They now own 21.25 million shares or 8.61% less from 23.25 million shares in 2016Q1.
Citadel Advisors Ltd Liability last reported 24,952 shares in the company. The Pennsylvania-based Vanguard Gp has invested 0% in Ashford Hospitality Prime Inc (NYSE:AHP). State Of New Jersey Common Pension Fund D holds 0% or 35,000 shares in its portfolio. Bnp Paribas Arbitrage has invested 0% of its portfolio in Ashford Hospitality Prime Inc (NYSE:AHP). Moreover, Natl Bank Of Ny Mellon has 0% invested in Ashford Hospitality Prime Inc (NYSE:AHP) for 169,866 shares. Foundry Ptnrs Ltd Co reported 242,464 shares or 0.19% of all its holdings. California State Teachers Retirement accumulated 0% or 53,867 shares. Schwab Charles Invest accumulated 222,118 shares or 0% of the stock. Mackenzie holds 0.01% of its portfolio in Ashford Hospitality Prime Inc (NYSE:AHP) for 78,563 shares. The Massachusetts-based Rhumbline Advisers has invested 0% in Ashford Hospitality Prime Inc (NYSE:AHP). The Massachusetts-based Century Cap Management Ltd Limited Liability Company has invested 0.08% in Ashford Hospitality Prime Inc (NYSE:AHP). Us Fincl Bank De owns 662 shares or 0% of their US portfolio. Advsrs Asset Mngmt holds 0% or 10,996 shares in its portfolio. Citigroup last reported 0% of its portfolio in the stock. Deutsche Savings Bank Ag holds 185,751 shares or 0% of its portfolio.
More recent Ashford Hospitality Prime Inc (NYSE:AHP) news were published by: Fool.com which released: “Why Shares of Ashford Hospitality Prime Inc. Are Soaring Today” on June 08, 2016. Also Bloomberg.com published the news titled: “Ashford Hospitality Prime Facing Sessa Proxy Fight for Board” on January 15, 2016. Prnewswire.com‘s news article titled: “Ashford Prime Announces Corporate Governance Enhancements & Appointment Of New …” with publication date: August 09, 2016 was also an interesting one.
AHP Company Profile
Ashford Hospitality Prime, Inc., incorporated on April 5, 2013, invests in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels in gateway and resort locations. The Firm conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership. The Firm operates in the direct hotel investment segment of the hotel lodging industry. The Firm owns interest in over 15 hotels in approximately six states, the District of Columbia (D.C.) and St. Thomas, the United States Virgin Islands with over 3,950 total rooms, excluding those attributable to its partner. The hotels in its portfolio are located in the United States gateway and resort locations. The Firm owns over 10 of its hotel properties directly, and the remaining hotel properties through an investment in a majority-owned consolidated entity. All of the hotels in the Company’s portfolio are asset-managed by Ashford Hospitality Advisors LLC. The Company’s portfolio of hotels operates under brands affiliated with Marriott International, Inc., Hilton Worldwide, Inc., Accor Business and Leisure Management, LLC and Remington Lodging and Hospitality LLC.
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