Macquarie Group Ltd. maintained its stake in shares of Ashford Hospitality Prime Inc. (NYSE:AHP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,763 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd. owned 0.07% of Ashford Hospitality Prime worth $237,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Harvest Management LLC purchased a new position in Ashford Hospitality Prime during the second quarter valued at $141,000. First Trust Advisors LP bought a new position in shares of Ashford Hospitality Prime during the second quarter worth approximately $144,000. Laurel Wealth Advisors Inc. increased its position in shares of Ashford Hospitality Prime by 6.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 14,130 shares of the company’s stock worth $200,000 after buying an additional 875 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of Ashford Hospitality Prime during the second quarter worth approximately $204,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Ashford Hospitality Prime by 1.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,323 shares of the company’s stock worth $217,000 after buying an additional 262 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.
Shares of Ashford Hospitality Prime Inc. (NYSE:AHP) opened at 14.10 on Monday. The firm has a 50-day moving average price of $15.04 and a 200-day moving average price of $13.29. The stock’s market cap is $361.58 million. Ashford Hospitality Prime Inc. has a 52-week low of $8.37 and a 52-week high of $17.64.
Ashford Hospitality Prime (NYSE:AHP) last released its earnings results on Thursday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Ashford Hospitality Prime had a negative return on equity of 3.29% and a negative net margin of 2.86%. On average, analysts anticipate that Ashford Hospitality Prime Inc. will post $1.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Wednesday, September 28th. Ashford Hospitality Prime’s dividend payout ratio is currently -87.27%.
A number of equities analysts recently commented on the company. Canaccord Genuity reiterated a “hold” rating and set a $12.00 price objective on shares of Ashford Hospitality Prime in a research report on Thursday, June 9th. Deutsche Bank AG reiterated a “hold” rating on shares of Ashford Hospitality Prime in a research report on Sunday, June 26th. Finally, FBR & Co lifted their price objective on Ashford Hospitality Prime from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Ashford Hospitality Prime presently has a consensus rating of “Hold” and an average target price of $14.00.
About Ashford Hospitality Prime
Ashford Hospitality Prime, Inc invests in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels in gateway and resort locations. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership. It operates in the direct hotel investment segment of the hotel lodging industry.
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