RMR Advisors LLC Has $337,000 Stake in Ashford Hospitality Prime, Inc. (NYSE:AHP)

RMR Advisors LLC continued to hold its stake in shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,797 shares of the real estate investment trust’s stock at the end of the second quarter. RMR Advisors LLC owned about 0.12% of Ashford Hospitality Prime worth $337,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Ashford Hospitality Prime by 8.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 28,807 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 2,364 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Ashford Hospitality Prime by 12.1% in the first quarter. Great West Life Assurance Co. Can now owns 19,164 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 2,070 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Ashford Hospitality Prime by 218.8% in the first quarter. Wells Fargo & Company MN now owns 55,556 shares of the real estate investment trust’s stock valued at $589,000 after buying an additional 38,130 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Ashford Hospitality Prime during the first quarter valued at about $335,000. Finally, Strs Ohio raised its stake in shares of Ashford Hospitality Prime by 20.0% in the first quarter. Strs Ohio now owns 55,671 shares of the real estate investment trust’s stock valued at $590,000 after buying an additional 9,293 shares in the last quarter. 68.42% of the stock is owned by institutional investors and hedge funds.

Shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) remained flat at $9.27 during mid-day trading on Friday. The company’s stock had a trading volume of 244,934 shares. Ashford Hospitality Prime, Inc. has a 12-month low of $9.02 and a 12-month high of $15.84. The firm has a 50-day moving average of $10.18 and a 200-day moving average of $10.77. The firm has a market cap of $291.71 million, a PE ratio of 24.02 and a beta of 1.16.

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AHP has been the subject 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 objective for the company in a research note on Wednesday, July 5th. Canaccord Genuity reissued a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a research note on Monday, June 26th. BidaskClub lowered Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. ValuEngine lowered Ashford Hospitality Prime from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating and dropped their price objective for the company from $14.00 to $13.00 in a research note 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 company presently has a consensus rating of “Hold” and a consensus price target of $13.60.

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.