Ashford Hospitality Prime Company Profile (NYSE:AHP)

Ashford Hospitality Prime trades on the New York Stock Exchange (NYSE) under the ticker symbol "AHP."

Ashford Hospitality Prime declared a quarterly dividend on Thursday, September 14th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.16 per share on Monday, October 16th. This represents a $0.64 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend is Thursday, September 28th. View Ashford Hospitality Prime's Dividend History.

Ashford Hospitality Prime, Inc. (NYSE:AHP) issued its earnings results on Wednesday, November, 2nd. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.41 by $0.14. The business had revenue of $99.65 million for the quarter, compared to the consensus estimate of $98.48 million. Ashford Hospitality Prime had a net margin of 4.02% and a return on equity of 4.88%. View Ashford Hospitality Prime's Earnings History.

Ashford Hospitality Prime is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Ashford Hospitality Prime.

6 analysts have issued 1 year price objectives for Ashford Hospitality Prime's shares. Their forecasts range from $11.00 to $17.00. On average, they expect Ashford Hospitality Prime's stock price to reach $13.40 in the next twelve months. View Analyst Ratings for Ashford Hospitality Prime.

Here are some recent quotes from research analysts about Ashford Hospitality Prime stock:

• 1. According to Zacks Investment Research, "Ashford Hospitality Prime, Inc. is a real estate investment trust. It is focused on investing in high RevPAR full-service and urban select-service hotels and resorts located predominantly in domestic and international gateway markets. Ashford Hospitality Prime, Inc. is based in Dallas, Texas. " (8/28/2017)
• 2. Canaccord Genuity analysts commented, "Date and time of first dissemination: June 25, 2017, 23:10 ET Date and time of production: June 25, 2017, 22:54 ET Target Price / Valuation Methodology: Ashford Hospitality Prime – AHP Our $11 price target is based on a DCF analysis assuming an 8.0% discount rate and a 2.5% terminal growth rate. This valuation is supported by assuming a 29% discount to our year-end termination fee-adjusted NAV estimate, which is driven by a 7.0% cap rate on 2018 estimates (assuming a 6% FF&E reserve). Our price target implies an 11.0x 2018E EBITDA multiple. Risks to achieving Target Price / Valuation: Ashford Hospitality Prime – AHP 1) Lack of earnings guidance can mean earnings misses, but more importantly, lower confidence in projections." (6/26/2017)
• 3. FBR & Co analysts commented, "Ashford Hospitality Prime just completed two capital raise offerings and announced one luxury hotel acquisition and an LOI to acquire a second. The offerings were for 5.75M shares of common and 1.975M cumulative convertible preferred shares. In aggregate, the offerings raised net proceeds of $104.7M, and Ashford granted the underwriters a 30-day option to acquire 172,500 more preferred shares and 862,500 more common shares. The proceeds are for general corporate purposes, including funding future purchases. To that end, Ashford announced the acquisition of the 80-room Hotel Yountville in Napa Valley for $96.5M, and that it had signed a non-binding LOI to buy another (yet undisclosed) luxury resort for $150M. Clearly, with recent activism now in the rearview mirror, Ashford Prime is going on offense. Unfortunately, issuing common and convertible preferred shares at levels some might consider depressed has the common shares in defensive mode. We are reducing AFFO/share estimates to account for the issuances, and our price target declines to $15 (from $16). However, we are maintaining our Outperform rating as the shares, at current levels, look increasingly attractive." (3/8/2017)
• 4. Janney Montgomery Scott analysts commented, "We are upgrading shares of AHP to BUY. We have a positive view on several recent company actions including a 33% increase to the dividend, $12M of interest savings from refinancing several loans, and the negotiation of a lower termination fee to Ashford Inc. We do not think these are fully reflected in the stock price given it trades at only 10.8x our 2017 EBITDA. We also believe AHP is well positioned to make acquisitions and grow EBITDA, which should contribute to multiple expansion in the future. Our FV is $17 (from $14), which is 12x (from 11x) our 2017 EBITDA." (1/31/2017)

Some companies that are related to Ashford Hospitality Prime include Byline Bancorp (BY), Armada Hoffler Properties (AHH), Horizon Bancorp (IN) (HBNC), Midland States Bancorp (MSBI), Fidelity Southern Corporation (LION), Anworth Mortgage Asset Corporation (ANH), Peoples Bancorp (PEBO), First Foundation (FFWM), EMC Insurance Group (EMCI), QCR Holdings (QCRH), Pacific Continental Corporation (Ore) (PCBK), Altisource Residential Corporation (RESI), Veritex Holdings (VBTX), Peapack-Gladstone Financial Corporation (PGC), National Commerce Corporation (NCOM), National Bank of Greece (NBG), Triumph Bancorp (TBK) and Carolina Financial Corporation (CARO).

Ashford Hospitality Prime's management team includes the folowing people:

• Monty J. Bennett, Chairman of the Board
• Richard J. Stockton, President, Chief Executive Officer
• Deric S. Eubanks, Chief Financial Officer, Treasurer
• David A. Brooks, Chief Operating Officer, General Counsel, Secretary
• Jeremy JC Welter, Executive Vice President - Asset Management
• J. Robison Hays III, Senior Vice President - Corporate Finance and Strategy
• Mark L. Nunneley, Chief Accounting Officer
• Stefani D. Carter, Independent Director
• Curtis B. McWilliams, Independent Director
• Michael D. Murphy, Independent Director

Ashford Hospitality Prime's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.83%), State Street Corp (3.50%), LSV Asset Management (2.45%), Prudential Financial Inc. (2.37%), Schwab Charles Investment Management Inc. (2.57%) and JPMorgan Chase & Co. (1.93%). Company insiders that own Ashford Hospitality Prime stock include Curtis B Mcwilliams and Richard J Stockton. View Institutional Ownership Trends for Ashford Hospitality Prime.

Ashford Hospitality Prime's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., ClariVest Asset Management LLC, TIAA CREF Investment Management LLC, Macquarie Group Ltd., Wells Fargo & Company MN, QS Investors LLC, Russell Investments Group Ltd. and Princeton Portfolio Strategies Group LLC. View Insider Buying and Selling for Ashford Hospitality Prime.

Ashford Hospitality Prime's stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Schwab Charles Investment Management Inc., State Street Corp, Prudential Financial Inc., Ameriprise Financial Inc., Bank of Montreal Can, Martingale Asset Management L P and Thrivent Financial For Lutherans. Company insiders that have bought Ashford Hospitality Prime stock in the last two years include Curtis B Mcwilliams and Richard J Stockton. View Insider Buying and Selling for Ashford Hospitality Prime.

Shares of Ashford Hospitality Prime can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Ashford Hospitality Prime stock can currently be purchased for approximately $9.66.