Nomura Asset Management Co. Ltd. increased its position in shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) by 9.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,250 shares of the real estate investment trust’s stock after buying an additional 1,600 shares during the period. Nomura Asset Management Co. Ltd. owned 0.07% of Ashford Hospitality Prime worth $194,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Ashford Hospitality Prime by 17.2% in the first quarter. Vanguard Group Inc. now owns 4,275,883 shares of the real estate investment trust’s stock worth $45,367,000 after buying an additional 626,155 shares in the last quarter. State Street Corp raised its stake in Ashford Hospitality Prime by 1.2% in the fourth quarter. State Street Corp now owns 796,749 shares of the real estate investment trust’s stock worth $10,873,000 after buying an additional 9,199 shares in the last quarter. LSV Asset Management raised its stake in Ashford Hospitality Prime by 31.6% in the first quarter. LSV Asset Management now owns 779,488 shares of the real estate investment trust’s stock worth $8,270,000 after buying an additional 187,046 shares in the last quarter. Prudential Financial Inc. raised its stake in Ashford Hospitality Prime by 207.8% in the first quarter. Prudential Financial Inc. now owns 605,716 shares of the real estate investment trust’s stock worth $6,426,000 after buying an additional 408,940 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in Ashford Hospitality Prime during the first quarter worth about $6,188,000. 68.39% of the stock is currently owned by institutional investors.
Shares of Ashford Hospitality Prime, Inc. (NYSE AHP) opened at 11.02 on Friday. Ashford Hospitality Prime, Inc. has a 12 month low of $9.28 and a 12 month high of $17.64. The firm has a market cap of $300.48 million, a price-to-earnings ratio of 20.87 and a beta of 1.16. The stock’s 50 day moving average price is $10.17 and its 200 day moving average price is $11.33.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Wednesday, June 28th. Ashford Hospitality Prime’s dividend payout ratio is currently 130.61%.
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AHP has been the topic of a number of analyst reports. Zacks Investment Research raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, July 5th. ValuEngine lowered Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. JMP Securities reaffirmed a “market perform” rating on shares of Ashford Hospitality Prime in a research report on Friday, April 7th. FBR & Co set a $15.00 price target on Ashford Hospitality Prime and gave the company a “buy” rating in a research report on Saturday, April 8th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $11.00 price target on shares of Ashford Hospitality Prime in a research report on Monday, June 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $13.60.
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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