Ashford Hospitality Prime Company Profile (NYSE:AHP)

Analyst Ratings

Consensus Ratings for Ashford Hospitality Prime (NYSE:AHP) (?)
Ratings Breakdown: 6 Hold Rating(s), 1 Buy Rating(s)
Consensus Rating:Hold (Score: 2.14)
Consensus Price Target: $14.63 (2.76% downside)

Analysts' Ratings History for Ashford Hospitality Prime (NYSE:AHP)
Show:
DateFirmActionRatingPrice TargetActions
7/22/2016FBR & CoBoost Price TargetOutperform$16.00 -> $18.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/26/2016Deutsche Bank AGReiterated RatingHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/9/2016Canaccord GenuityReiterated RatingHold$12.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/23/2016Janney Montgomery ScottInitiated CoverageNeutral$12.00 -> $11.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
5/8/2016Robert W. BairdReiterated RatingHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/16/2016Morgan StanleyLower Price Target$14.00 -> $13.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/5/2016SunTrust Banks Inc.DowngradeBuy -> NeutralView Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/11/2016JMP SecuritiesDowngradeOutperform -> Market PerformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/20/2015Brean CapitalInitiated CoverageBuy$19.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/9/2015MLV & Co.Reiterated RatingHold$18.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
1/16/2015Bank of America Corp.DowngradeBuy -> Underperform$19.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/30/2014 forward)

Earnings

Earnings History for Ashford Hospitality Prime (NYSE:AHP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
8/4/2016Q216$0.65$113.88 millionN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/4/2016Q116$0.35$0.30$97.38 million$99.80 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/25/2016Q415$0.33$0.22$85.99 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/4/2015Q315$0.52$0.39$92.98 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/6/2015Q215$0.39$0.60$89.74 million$92.80 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/7/2015Q115$0.28$0.26$74.31 million$77.80 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/26/2015Q414$0.22($0.95)$73.94 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/3/2014$0.39$0.42ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/11/2014$0.49$0.45ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/9/2014Q114($0.07)$0.18$63.95 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/27/2014Q413($0.13)$0.09$61.16 million$55.10 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ashford Hospitality Prime (NYSE:AHP)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20166$0.27$0.38$0.32
Q2 20162$0.62$0.67$0.65
Q3 20162$0.36$0.48$0.42
Q4 20162$0.24$0.29$0.27
Q1 20172$0.28$0.37$0.33
Q2 20172$0.62$0.73$0.68
Q3 20172$0.36$0.51$0.44
Q4 20172$0.23$0.32$0.28
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Ashford Hospitality Prime (NYSE:AHP)
Annual Dividend:$0.48
Dividend Yield:3.19%
Payout Ratio:-150.00% (Based on Trailing 12 Months of Earnings)
26.82% (Based on Current Year Consensus EPS Estimate)
26.09% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:0.00% (3 Year Average)

Dividend History for Ashford Hospitality Prime (NYSE:AHP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
6/14/2016Quarterly$0.123.29%6/28/20166/30/20167/15/2016Tweet This Announcement  Share This Announcement on StockTwits
3/15/2016quarterly$0.103.86%3/29/20163/31/20164/15/2016Tweet This Announcement  Share This Announcement on StockTwits
12/11/2015quarterly$0.102.97%12/29/201512/31/20151/15/2016Tweet This Announcement  Share This Announcement on StockTwits
9/15/2015quarterly$0.102.64%9/28/20159/30/201510/15/2015Tweet This Announcement  Share This Announcement on StockTwits
6/16/2015quarterly$0.102.62%6/26/20156/30/20157/15/2015Tweet This Announcement  Share This Announcement on StockTwits
3/16/2015quarterly$0.051.21%3/27/20153/31/20154/15/2015Tweet This Announcement  Share This Announcement on StockTwits
12/15/2014quarterly$0.051.2%12/29/201412/31/20141/15/2015Tweet This Announcement  Share This Announcement on StockTwits
9/15/2014quarterly$0.051.25%9/26/20149/30/201410/15/2014Tweet This Announcement  Share This Announcement on StockTwits
6/16/2014quarterly$0.051.19%6/26/20146/30/20147/15/2014Tweet This Announcement  Share This Announcement on StockTwits
3/17/2014quarterly$0.051.26%3/27/20143/31/20144/15/2014Tweet This Announcement  Share This Announcement on StockTwits
12/16/2013special$0.0512/27/201312/31/20131/15/2014Tweet This Announcement  Share This Announcement on StockTwits
12/16/2013quarterly$0.0512/31/20131/15/2014Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Ashford Hospitality Prime (NYSE:AHP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
9/1/2015Douglas A KesslerPresidentSell2,441$15.00$36,615.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
7/17/2015Douglas A KesslerPresidentSell5,000$15.50$77,500.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/23/2015Douglas A KesslerPresidentSell8,013$17.00$136,221.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/20/2015Douglas A KesslerPresidentSell21,987$16.92$372,020.04View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/13/2015Douglas A KesslerPresidentSell2,500$17.30$43,250.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/24/2014Douglas A KesslerPresidentSell12,484$17.47$218,095.48View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
11/21/2014Douglas A KesslerPresidentSell30,016$17.36$521,077.76View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
3/28/2014Montgomery BennettCEOBuy33,499$14.89$498,800.11View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Ashford Hospitality Prime (NYSE:AHP)
DateHeadline
07/21/16 07:57 PMAshford Prime on the move on rumor of boosted bid
07/21/16 07:57 PMAshford Hospitality Prime (AHP) Holder Weisman Group Increases Offer to $23.65/Share
07/19/16 10:55 AMETF’s with exposure to Ashford Hospitality Prime, Inc. : July 19, 2016 -
07/13/16 11:11 AMAshford Hospitality Prime, Inc. : AHP-US: Dividend Analysis : June 30th, 2016 (record date) : By the numbers : July 13, 2016 -
07/07/16 02:28 PMASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Financial Sta -
07/05/16 10:15 AMAshford Prime Sets Second Quarter Earnings Release And Conference Call Dates - [PR Newswire] - DALLAS, July 5, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc. (AHP) ("Ashford Prime" or the "Company") today announced details for the release of its results for the second quarter ended June 30, 2016.
07/05/16 05:55 AMAshford Prime Completes Sale Of Courtyard Seattle And Provides Update On Share Repurchases - [PR Newswire] - DALLAS, July 5, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc. (AHP) ("Ashford Prime" or the "Company") announced today that it has completed its previously announced sale of the 250-room Courtyard Seattle Downtown/Lake Union for $84.5 million in cash ($338,000 per key). The Company realized approximately $15 million in net proceeds from the disposition following the repayment of approximately $65 million of debt and other transaction costs. The removal of this hotel with a trailing 12-month RevPAR of $157 from the Ashford Prime portfolio, which had a trailing 12-month RevPAR of $200, should increase the remaining portfolio RevPAR. Additionally, the transaction is expected to improve the Company's leverage ratio. The Company also announced that since the commencement of its recently implemented stock repurchase program it has repurchased approximately 2.4 million shares for an aggregate value of $32.1 million. This repurchase represents 8.4% of the Company's outstanding common stock prior to the initiation of the share repurchase program.
06/27/16 07:09 AMRecent Headlines for AHP-B
06/24/16 11:37 AMAshford Hospitality Prime, Inc. : AHP-US: Dividend Analysis : June 30th, 2016 (record date) : By the numbers : June 24, 2016 -
06/13/16 05:04 AMASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Regulation F -
06/08/16 08:43 PMAshford Hospitality Prime Shareholders Should Push For The Buyout
06/08/16 08:43 PMWeisman Confirms Offer for Ashford Hospitality Prime (AHP) - 13D
06/08/16 08:43 PMAshford Prime received unsolicited $1.5B offer
06/08/16 08:43 PMAshford to Weigh Weisman's Offer
06/08/16 08:43 PMAshford Prime Confirms Receipt The Weisman Group Proposal
06/08/16 08:43 PMAshford Hospitality to Weigh Unsolicited Offer From Weisman Group
06/08/16 08:43 PMAshford Hospitality Gets $735 Million Offer From Weisman
06/08/16 10:38 AMWhy Shares of Ashford Hospitality Prime Inc. Are Soaring Today - Ashford Hospitality Prime received an offer to acquire all of its assets, but it's hardly a done deal.
06/06/16 08:00 PMStock is unchanged at $11.18 (AHP) Ashford Prime To Present At NAREIT’s…
06/06/16 07:00 AMAshford Prime To Present At NAREIT's REITWeek 2016 - [PR Newswire] - DALLAS, June 6, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc. (AHP) ("Ashford Prime" or the "Company") today announced that it will provide an online audio simulcast of its presentation to the investment community at REITWeek: 2016 NAREIT's Investor Forum, to be held June 7-9 in New York City at the Waldorf Astoria. The presentation will take place on Wednesday, June 8, 2016, at 2:45 p.m. ET. The live audio broadcast of Ashford Prime's presentation will be available online at the Company's website at www.ahpreit.com or https://reitstream.com/reitweek2016/ashfordprime. The online replay will begin shortly after the presentation ends and will be available for 90 days. Ashford Hospitality Prime is a real estate investment trust (REIT) focused on investing in luxury hotels located in resort and gateway markets.
06/03/16 08:15 AMFifth Circuit Expedites Sessa’s Appeal of Lower Court Decision in Ashford Prime Proxy Contest - [Business Wire] - Sessa Capital , L.P. , owner of 8.2% of the outstanding common shares of Ashford Hospitality Prime, Inc. , today announced that the U.S.
06/03/16 07:03 AMAshford Hospitality Prime, Inc. breached its 50 day moving average in a Bullish Manner : AHP-US : June 3, 2016 -
06/03/16 05:56 AM6:56 am Ashford Hospitality Prime announces that a 3-judge panel denied Sessa Capital's motion to postpone the June 10 annual meeting pending Sessa's appeal -
06/03/16 05:55 AMSessa Capital's Appeal To Stay The District Court's Ruling And Postpone The Ashford Prime Annual Shareholder Meeting Is Denied - [PR Newswire] - DALLAS, June 3, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (AHP) ("Ashford Prime" or the "Company") today announced that a three-judge panel of the United States Court of Appeals for the Fifth Circuit denied Sessa Capital's ("Sessa") "emergency" motion to postpone the June 10, 2016 annual meeting pending Sessa's appeal.
05/31/16 10:25 AMAshford Hospitality Prime : Prime Sends Open Letter To Sessa Capital Announcing Receptivity To A Settlement Still Stands - DALLAS, May 31, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (NYSE: AHP) ("Ashford Prime" or the "Company") today announced that it sent an open letter to Sessa Capital ("Sessa") stating that the Company's receptivity to settlement discussions ...
05/31/16 05:55 AMAshford Prime Sends Open Letter To Sessa Capital Announcing Receptivity To A Settlement Still Stands - [PR Newswire] - DALLAS, May 31, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (NYSE: AHP) ("Ashford Prime" or the "Company") today announced that it sent an open letter to Sessa Capital ("Sessa") ...
05/30/16 01:54 PMAshford Hospitality Prime Inc (AHP) Stock Rating Reaffirmed by Robert W. Baird - Let Me Know About This - Ashford Hospitality Prime Inc (AHP) Stock Rating Reaffirmed by Robert W. BairdLet Me Know About ThisAshford Hospitality Prime logo Ashford Hospitality Prime Inc (NYSE:AHP)'s stock had its “hold” rating restated by analysts at Robert W. Baird in a research note issued to investors on Sunday. Shares of Ashford Hospitality Prime (NYSE:AHP) traded down ...University Of Notre Dame Du Lac buys $1.6 Million stake in Ashford Hospitality Prime Inc (AHP)Market Digestall 2 news articles »
05/26/16 05:55 AMProxy Advisory Firm Glass Lewis Recommends Ashford Prime Stockholders Vote "FOR" All Ashford Prime Directors - [PR Newswire] - DALLAS, May 26, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (AHP) ("Ashford Prime" or the "Company") today announced that Glass Lewis, a leading independent proxy voting and corporate governance advisory firm, recommended Ashford Prime stockholders vote "FOR" all of the Company's directors. The Glass Lewis report follows the United States District Court for the Northern District of Texas ruling on May 23, 2016, which declared that Sessa Capital's ("Sessa") slate of candidates is invalid and ineligible to stand for election to Ashford Prime's board at the 2016 annual meeting of stockholders ("2016 Annual Meeting").
05/24/16 03:23 PMASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits -
05/23/16 03:23 PMASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclos -
05/23/16 03:00 PMSessa Capital Appeals Texas Court Ruling - [Business Wire] - Sessa Capital , L.P. , owner of 8.2% of the outstanding common shares of Ashford Hospitality Prime, Inc. , today announced that it has commenced an appeal of the recent decisions by the United States District Court for the Northern District of Texas in connection with Sessa’s proxy contest with Ashford Prime.
05/23/16 07:15 AMFederal Court Rejects Sessa's Motion for Preliminary Injunction: Instead Finds Sessa's Attempted Nominees Failed to Follow Ashford Prime's Simple Nominating Process - [PR Newswire] - DALLAS, May 23, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (NYSE: AHP) ("Ashford Prime" or the "Company") today announced that the United States District Court for the Northern ...
05/23/16 05:55 AMAshford Prime Announces Planned Sale Of Courtyard Seattle Downtown - [PR Newswire] - DALLAS, May 23, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc. (AHP) ("Ashford Prime" or the "Company") announced today that it has entered into a definitive agreement to sell the 250-room Courtyard Seattle Downtown for $84.5 million in cash ($338,000 per key).
05/20/16 11:25 AMSessa Capital Responds to Letter from Ashford Prime’s Incumbent Directors - [Business Wire] - Sessa Capital , L.P. , owner of 8.2% of the outstanding common shares of Ashford Hospitality Prime, Inc. , today sent an open letter in response to a letter from certain of Ashford Prime’s incumbent directors.
05/19/16 03:15 PMAshford Prime Sends Open Letter To Sessa Capital Announcing Receptivity To A Settlement - [PR Newswire] - DALLAS, May 19, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (AHP) ("Ashford Prime" or the "Company") today announced that it sent an open letter to Sessa Capital ("Sessa") regarding the Company's receptivity to settlement discussions in connection with the Company's 2016 Annual Meeting of Shareholders (the "2016 Annual Meeting").
05/19/16 12:04 PMASHFORD HOSPITALITY PRIME, INC. Financials -
05/19/16 07:35 AMAshford Hospitality Prime, Inc. breached its 50 day moving average in a Bearish Manner : AHP-US : May 19, 2016 -
05/17/16 08:34 AMAshford Prime Files Presentation Detailing Outperformance of Total Stockholder Return Over Last 12 Months - [PR Newswire] - DALLAS, May 17, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (AHP) ("Ashford Prime" or the "Company") today is filing a presentation with the Securities Exchange Commission in connection with the Company's 2016 Annual Meeting of Shareholders (the "2016 Annual Meeting"), which provides transparency on Ashford Prime's total stockholder return over the last year. Since inception, Ashford Prime's Board of Directors and management team has welcomed an open dialogue and constructive feedback from stockholders.
05/16/16 07:30 AMSessa Capital Cautions Investors on Ashford Prime’s Investor Presentation - [Business Wire] - Sessa Capital , L.P. , owner of 8.2% of the outstanding common shares of Ashford Hospitality Prime, Inc. , today warned Ashford Prime shareholders of the incumbent Ashford Prime directors’ attempt to divert attention from what Sessa believes is the directors’ responsibility for the destruction of shareholder value at Ashford Prime.
04/27/16 05:49 PMSnow Park takes 4.6 percent stake in Ashford Hospitality Prime - NEW YORK (Reuters) - Hedge fund Snow Park Capital Partners has taken a 4.6 percent stake in Ashford Hospitality Prime Inc, according to a person familiar with the matter, and plans to push the...
04/19/16 09:38 AMAshford Hospitality Responds To Activist Investor, Highlights 'Failure To Describe Any Actionable Strategy' - Ashford Hospitality Prime Inc (NYSE: AHP) announced in early April that its board of directors have concluded a strategic review process. The board concluded that while it has received interest from strategic buyers, none of the offers "would provide adequate value to shareholders." Instead, the board announced a series of initiatives to drive shareholder value. Sessa Capital, an activist investor and major shareholder of Ashford Hospitality responded in a public letter on April 14. Among other things, the activist investor said that the company's ...Full story available on Benzinga.com
04/14/16 03:58 PMNotable Thursday Option Activity: AHP, SSYS, TSLA - Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Ashford Hospitality Prime Inc (NYSE: AHP), where a total of 3,020 contracts have traded so far, representing approximately 302,000 underlying shares. That amounts to about 142.3% of AHP's average daily trading volume over the past month of 212,170 shares. Particularly high volume was seen for the $12.50 strike call option expiring May 20, 2016, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of AHP. Below is a chart showing AHP's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
04/08/16 08:56 AMAshford Hospitality Concludes Strategic Review Process, Says None Of The Received Offers Provides 'Adequate Value' To Shareholders - Ashford Hospitality Prime Inc (NYSE: AHP)'s board of directors announced on Friday it has completed a previously announced review of strategic alternatives. Ashford Hospitality's board stated that while it has received interest from several financial and strategic buyers, none of the received offers "would provide adequate value to stockholders." Alternatively, the company announced a number of immediate changes and longer-term initiatives that can enhance value for shareholders. Specifically: 1) ...Full story available on Benzinga.com
04/08/16 01:19 AMBRIEF-Ashford Hospitality Prime Inc announces conclusion to strategic review process - * Ashford Hospitality Prime Inc announces conclusion to strategic review process and other initiatives to enhance stockholder value
03/14/16 11:47 AMSessa Capital Moves to Consolidate Litigation against Ashford Hospitality Prime in Federal District Court to Expedite Resolution of Outstanding Legal Issues - [Business Wire] - Sessa Capital , L.P. , owner of 8.2% of the outstanding common shares of Ashford Hospitality Prime, Inc. and Ashford Prime’s third largest shareholder, today announced it filed counterclaims against the Company, Ashford Inc.
03/11/16 05:55 AMAshford Prime Seeks Declaratory Judgment Confirming Sessa's Slate Is Ineligible To Stand For Election - [PR Newswire] - DALLAS, March 11, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (AHP) ("Ashford Prime" or the "Company") a real estate investment trust (REIT) focused on investing in luxury hotels located in resort and gateway markets, today announced that it has filed a petition against Sessa Capital ("Sessa") and its proposed director nominees John E. Petry, Philip B. Livingston, Lawrence A. Cunningham, Daniel B. Silvers and Chris D. Wheeler. The petition, which was filed in the District Court of Dallas County, Texas, asserts that Sessa's purported notice of proposed nominees for election to the Ashford Prime Board of Directors is invalid due to numerous failures by Sessa and its purported nominees to comply with material provisions in the Company's bylaws.
03/09/16 05:55 AMAshford Hospitality Prime Urges Stockholders To Take No Action In Response To Sessa Capital's Proxy Materials - [PR Newswire] - DALLAS, March 9, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (AHP) ("Ashford Prime" or the "Company") a real estate investment trust (REIT), focused on investing in luxury hotels located in resort and gateway markets, today issued an open letter urging stockholders not to take any action in response to Sessa Capital's solicitation of proxies for the 2016 Annual Meeting of Stockholders. By now you may have received proxy materials from Sessa Capital ("Sessa") seeking your vote for the election of five of Sessa's hand-picked representatives to Ashford Prime's Board of Directors at the Company's 2016 Annual Meeting of Stockholders. Sessa's actions are subject to ongoing litigation as the Company believes that their proxy is based on false claims as well as material misrepresentations.
03/08/16 07:20 AMAshford Hospitality Prime, Inc. breached its 50 day moving average in a Bearish Manner : AHP-US : March 8, 2016 -
03/02/16 08:54 AMAshford Hospitality Prime, Inc. Earnings Analysis: 2015 By the Numbers -
03/01/16 05:55 AMAshford Prime Files Motion To Dismiss In Response To Sessa's Frivolous And Meritless Lawsuit - [PR Newswire] - DALLAS, March 1, 2016 /PRNewswire/ -- Ashford Hospitality Prime, Inc., (AHP) ("Ashford Prime" or the "Company") a real estate investment trust (REIT) focused on investing in luxury hotels located in resort and gateway markets, today announced that it has filed a motion to dismiss in response to the complaint brought by Sessa Capital ("Sessa") in the Circuit Court for Baltimore City, Maryland on February 3, 2016. The Company believes that the claims brought by Sessa in Maryland are frivolous and without merit and, based on the Company's interactions with Sessa to date, are merely another part of a coordinated campaign to gain control and force a quick sale of the Company.

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About Ashford Hospitality Prime

Ashford Hospitality Prime logoAshford 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. It owns interest in over 15 hotels in approximately six states, the District of Columbia 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 Company 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.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Hotel/Motel
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: AHP
  • CUSIP:
Key Metrics:
  • Previous Close: $14.98
  • 50 Day Moving Average: $14.57
  • 200 Day Moving Average: $11.81
  • P/E Ratio: N/A
  • P/E Growth: 0.58
  • Market Cap: $427.96M
  • Beta: 1.14
  • Current Year EPS Consensus Estimate: $1.79 EPS
  • Next Year EPS Consensus Estimate: $1.84 EPS
Additional Links:
Ashford Hospitality Prime (NYSE:AHP) Chart for Saturday, July, 30, 2016