KCG Holdings Inc. acquired a new position in Ashford Hospitality Prime, Inc. (NYSE:AHP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 29,631 shares of the real estate investment trust’s stock, valued at approximately $314,000.
A number of other institutional investors also recently added to or reduced their stakes in AHP. JPMorgan Chase & Co. boosted its position in Ashford Hospitality Prime by 18.3% in the first quarter. JPMorgan Chase & Co. now owns 335,729 shares of the real estate investment trust’s stock worth $3,563,000 after buying an additional 51,823 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Ashford Hospitality Prime during the first quarter worth $335,000. 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 during the last quarter. ClariVest Asset Management LLC acquired a new stake in Ashford Hospitality Prime during the first quarter worth $6,188,000. Finally, Swiss National Bank raised its stake in Ashford Hospitality Prime by 10.8% in the first quarter. Swiss National Bank now owns 41,954 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 68.17% of the company’s stock.
Ashford Hospitality Prime, Inc. (NYSE AHP) opened at 9.61 on Friday. The firm’s 50-day moving average is $10.33 and its 200 day moving average is $10.97. The firm has a market cap of $302.41 million, a P/E ratio of 25.03 and a beta of 1.16. Ashford Hospitality Prime, Inc. has a 12-month low of $9.28 and a 12-month high of $15.87.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend was Wednesday, June 28th. Ashford Hospitality Prime’s payout ratio is 177.78%.
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A number of research firms recently issued reports on AHP. Zacks Investment Research downgraded shares of Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a research report on Wednesday. ValuEngine downgraded shares of Ashford Hospitality Prime from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. 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. BidaskClub downgraded shares of Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Deutsche Bank AG upgraded shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $14.00 to $13.00 in a report on Friday, June 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target 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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