Ashford Hospitality Prime Company Profile (NYSE:AHP)

About Ashford Hospitality Prime (NYSE:AHP)

Ashford Hospitality Prime logoAshford 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. As of February 24, 2017, it owned interests in 11 hotel properties in six states, the District of Columbia and St. Thomas, the United States Virgin Islands with 3,702 total rooms, or 3,467 net rooms, excluding those attributable to its joint venture partner. The hotel properties in its portfolio are mainly located in the Unites States urban markets. The Company owns nine of its hotel properties directly, and the remaining two 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
  • Symbol: NYSE:AHP
  • CUSIP: N/A
  • Web: www.ahpreit.com
Capitalization:
  • Market Cap: $276.76 million
  • Outstanding Shares: 27,267,000
Average Prices:
  • 50 Day Moving Avg: $10.53
  • 200 Day Moving Avg: $12.23
  • 52 Week Range: $9.82 - $17.64
P/E:
  • Trailing P/E Ratio: 19.22
  • Foreward P/E Ratio: 33.83
  • P/E Growth: 1.25
Sales & Book Value:
  • Annual Revenue: $403.42 million
  • Price / Sales: 0.69
  • Book Value: $13.81 per share
  • Price / Book: 0.73
Dividend:
  • Annual Dividend: $0.48
  • Dividend Yield: 5.2%
Profitability:
  • EBIDTA: $91.62 million
  • Net Margins: 3.13%
  • Return on Equity: 3.94%
  • Return on Assets: 0.94%
Debt:
  • Debt-to-Equity Ratio: 2.54%
  • Current Ratio: 4.14%
  • Quick Ratio: 4.14%
Misc:
  • Average Volume: 433,790 shs.
  • Beta: 1.2
  • Short Ratio: 0.48
 

Frequently Asked Questions for Ashford Hospitality Prime (NYSE:AHP)

What is Ashford Hospitality Prime's stock symbol?

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

How often does Ashford Hospitality Prime pay dividends? What is the dividend yield for Ashford Hospitality Prime?

Ashford Hospitality Prime announced a quarterly dividend on Tuesday, March 14th. Stockholders of record on Friday, March 31st will be given a dividend of $0.16 per share on Monday, April 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date of this dividend is Wednesday, March 29th. This is a positive change from Ashford Hospitality Prime's previous quarterly dividend of $0.12. View Ashford Hospitality Prime's Dividend History.

How were Ashford Hospitality Prime's earnings last quarter?

Ashford Hospitality Prime Inc (NYSE:AHP) announced its quarterly earnings data on Wednesday, November, 2nd. The company reported $0.55 EPS for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.14. The company had revenue of $99.65 million for the quarter, compared to analyst estimates of $98.48 million. Ashford Hospitality Prime had a net margin of 3.13% and a return on equity of 3.94%. View Ashford Hospitality Prime's Earnings History.

When will Ashford Hospitality Prime make its next earnings announcement?

Ashford Hospitality Prime is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Ashford Hospitality Prime.

Where is Ashford Hospitality Prime's stock going? Where will Ashford Hospitality Prime's stock price be in 2017?

5 analysts have issued 1 year price objectives for Ashford Hospitality Prime's stock. Their forecasts range from $14.00 to $17.00. On average, they expect Ashford Hospitality Prime's share price to reach $15.33 in the next year. View Analyst Ratings for Ashford Hospitality Prime.

What are analysts saying about Ashford Hospitality Prime stock?

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. " (5/10/2017)
  • 2. 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)
  • 3. 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)

Who are some of Ashford Hospitality Prime's key competitors?

Who owns Ashford Hospitality Prime stock?

Ashford Hospitality Prime's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (0.00%), SESSA CAPITAL (MASTER), L.P. (7.00%), Sessa Capital IM L.P. (8.11%), RAGING CAPITAL MANAGEMENT, LLC (4.20%), LSV Asset Management (3.04%) and Prudential Financial Inc. (0.00%). Company insiders that own Ashford Hospitality Prime stock include Curtis B Mcwilliams, Douglas A Kessler and Richard J Stockton. View Institutional Ownership Trends for Ashford Hospitality Prime.

Who sold Ashford Hospitality Prime stock? Who is selling Ashford Hospitality Prime stock?

Ashford Hospitality Prime's stock was sold by a variety of institutional investors in the last quarter, including Raging Capital Management LLC, Renaissance Technologies LLC, State Board of Administration of Florida Retirement System, Credit Suisse AG, Parametric Portfolio Associates LLC, Century Capital Management LLC, Nationwide Fund Advisors and American International Group Inc.. View Insider Buying and Selling for Ashford Hospitality Prime.

Who bought Ashford Hospitality Prime stock? Who is buying Ashford Hospitality Prime stock?

Ashford Hospitality Prime's stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., ClariVest Asset Management LLC, Prudential Financial Inc., Ranger Global Real Estate Advisors LLC, Ameriprise Financial Inc., Schwab Charles Investment Management Inc., LSV Asset Management and Citadel Advisors LLC. 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.

How do I buy Ashford Hospitality Prime stock?

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.

How much does a share of Ashford Hospitality Prime stock cost?

One share of Ashford Hospitality Prime stock can currently be purchased for approximately $10.15.

Analyst Ratings

Consensus Ratings for Ashford Hospitality Prime (NYSE:AHP) (?)
Ratings Breakdown: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $15.33 (51.07% upside)

Analysts' Ratings History for Ashford Hospitality Prime (NYSE:AHP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/8/2017FBR & CoSet Price TargetBuy$15.00LowView Rating Details
4/7/2017JMP SecuritiesReiterated RatingMarket PerformLowView Rating Details
1/31/2017Janney Montgomery ScottUpgradeNeutral -> Buy$17.00N/AView Rating Details
1/25/2017Canaccord GenuityReiterated RatingHold$14.00N/AView Rating Details
6/26/2016Deutsche Bank AGReiterated RatingHoldN/AView Rating Details
5/8/2016Robert W. BairdReiterated RatingHoldN/AView Rating Details
2/16/2016Morgan StanleyLower Price Target$14.00 -> $13.00N/AView Rating Details
2/5/2016SunTrust Banks, Inc.DowngradeBuy -> NeutralN/AView Rating Details
7/20/2015Brean CapitalInitiated CoverageBuy$19.00N/AView Rating Details
(Data available from 5/25/2015 forward)

Earnings

Earnings History for Ashford Hospitality Prime (NYSE:AHP)
Earnings by Quarter for Ashford Hospitality Prime (NYSE:AHP)
Earnings History by Quarter for Ashford Hospitality Prime (NYSE:AHP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/1/2017        
2/22/2017Q416($0.03)($0.03)$93.09 million$93.98 millionViewN/AView Earnings Details
11/2/2016Q316$0.41$0.55$98.48 million$99.65 millionViewN/AView Earnings Details
11/4/2015Q315$0.51$0.39$92.57 million$90.76 millionViewN/AView Earnings Details
8/6/2015Q215$0.39$0.60$89.74 million$92.80 millionViewN/AView Earnings Details
5/7/2015Q115$0.28$0.26$74.31 million$77.80 millionViewN/AView Earnings Details
2/26/2015Q414$0.22($0.08)$74.54 million$76.75 millionViewN/AView Earnings Details
5/8/2014Q114($0.07)($0.13)$63.95 million$61.81 millionViewN/AView Earnings Details
2/27/2014Q413($0.13)$0.09$61.16 million$55.10 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Ashford Hospitality Prime (NYSE:AHP)
2017 EPS Consensus Estimate: $1.67
2018 EPS Consensus Estimate: $1.95
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.29$0.42$0.36
Q2 20172$0.51$0.68$0.60
Q3 20172$0.34$0.44$0.39
Q4 20172$0.30$0.36$0.33
Q1 20181$0.42$0.42$0.42
Q2 20181$0.71$0.71$0.71
Q3 20181$0.44$0.44$0.44
Q4 20181$0.38$0.38$0.38
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Ashford Hospitality Prime (NYSE:AHP)
Most Recent Dividend:4/17/2017
Annual Dividend:$0.48
Dividend Yield:4.73%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:165.52% (Trailing 12 Months of Earnings)
88.89% (Based on This Year's Estimates)
160.00% (Based on Next Year's Estimates)
Track Record:2 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Ashford Hospitality Prime (NYSE:AHP)

Dividend History by Quarter for Ashford Hospitality Prime (NYSE:AHP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/14/2017quarterly$0.166.16%3/29/20173/31/20174/17/2017
12/13/2016quarterly$0.123.32%12/28/201612/30/20161/17/2017
9/15/2016quarterly$0.123.31%9/28/20169/30/201610/17/2016
6/14/2016Quarterly$0.123.29%6/28/20166/30/20167/15/2016
3/15/2016quarterly$0.103.86%3/29/20163/31/20164/15/2016
12/11/2015quarterly$0.102.97%12/29/201512/31/20151/15/2016
9/15/2015quarterly$0.102.64%9/28/20159/30/201510/15/2015
6/16/2015quarterly$0.102.62%6/26/20156/30/20157/15/2015
3/16/2015quarterly$0.051.21%3/27/20153/31/20154/15/2015
12/15/2014quarterly$0.051.2%12/29/201412/31/20141/15/2015
9/15/2014quarterly$0.051.25%9/26/20149/30/201410/15/2014
6/16/2014quarterly$0.051.19%6/26/20146/30/20147/15/2014
3/17/2014quarterly$0.051.26%3/27/20143/31/20144/15/2014
12/16/2013special$0.0512/27/201312/31/20131/15/2014
12/16/2013quarterly$0.0512/31/20131/15/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Ashford Hospitality Prime (NYSE:AHP)
Insider Ownership Percentage: 23.68%
Institutional Ownership Percentage: 75.77%
Insider Trades by Quarter for Ashford Hospitality Prime (NYSE:AHP)
Institutional Ownership by Quarter for Ashford Hospitality Prime (NYSE:AHP)
Insider Trades by Quarter for Ashford Hospitality Prime (NYSE:AHP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/15/2017Richard J StocktonCEOBuy10,000$10.75$107,500.00View SEC Filing  
3/14/2017Curtis B. McwilliamsDirectorBuy5,000$10.50$52,500.00View SEC Filing  
9/1/2015Douglas A KesslerPresidentSell2,441$15.00$36,615.00View SEC Filing  
7/17/2015Douglas A KesslerPresidentSell5,000$15.50$77,500.00View SEC Filing  
3/23/2015Douglas A KesslerPresidentSell8,013$17.00$136,221.00View SEC Filing  
3/20/2015Douglas A KesslerPresidentSell21,987$16.92$372,020.04View SEC Filing  
2/13/2015Douglas A KesslerPresidentSell2,500$17.30$43,250.00View SEC Filing  
11/24/2014Douglas A KesslerPresidentSell12,484$17.47$218,095.48View SEC Filing  
11/21/2014Douglas A KesslerPresidentSell30,016$17.36$521,077.76View SEC Filing  
3/28/2014Montgomery BennettCEOBuy33,499$14.89$498,800.11View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Ashford Hospitality Prime (NYSE:AHP)
Latest Headlines for Ashford Hospitality Prime (NYSE:AHP)
Source:
DateHeadline
americanbankingnews.com logoAshford Hospitality Prime Inc (AHP) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - May 19 at 2:02 PM
finance.yahoo.com logoAshford Prime Completes Acquisition Of Hotel Yountville For $96.5 Million
finance.yahoo.com - May 11 at 8:43 PM
americanbankingnews.com logoZacks Investment Research Upgrades Ashford Hospitality Prime Inc (AHP) to Hold
www.americanbankingnews.com - May 10 at 5:22 PM
americanbankingnews.com logo$117.02 Million in Sales Expected for Ashford Hospitality Prime Inc (AHP) This Quarter
www.americanbankingnews.com - May 7 at 8:16 AM
seekingalpha.com logoAshford Hospitality Prime's (AHP) CEO Richard Stockton on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 6 at 3:52 PM
americanbankingnews.com logoZacks: Analysts Expect Ashford Hospitality Prime Inc (AHP) Will Announce Earnings of $0.58 Per Share
www.americanbankingnews.com - May 5 at 12:16 PM
finance.yahoo.com logoEdited Transcript of AHP earnings conference call or presentation 4-May-17 3:00pm GMT
finance.yahoo.com - May 5 at 1:29 AM
reuters.com logoBRIEF-Ashford Hospitality Prime estimates 2017 capital expenditure spending of about $40 mln to $50 mln
www.reuters.com - May 4 at 3:25 PM
seekingalpha.com logoAshford Hospitality Prime FFO of $0.46
seekingalpha.com - May 4 at 3:25 PM
marketbeat.com logoAshford Hospitality Prime reports 1Q results
marketbeat.com - May 3 at 7:36 PM
americanbankingnews.com logoAshford Hospitality Prime Inc (AHP) Set to Announce Quarterly Earnings on Wednesday
www.americanbankingnews.com - May 1 at 12:22 PM
americanbankingnews.com logoAshford Hospitality Prime (AHP) Getting Positive Media Coverage, Report Finds
www.americanbankingnews.com - May 1 at 11:43 AM
reuters.com logoBRIEF-Ashford Hospitality Prime names CEO Richard Stockton as president
www.reuters.com - April 29 at 2:21 AM
americanbankingnews.com logoPositive News Coverage Somewhat Likely to Affect Ashford Hospitality Prime (AHP) Share Price
www.americanbankingnews.com - April 27 at 2:10 PM
americanbankingnews.com logoAshford Hospitality Prime Inc (AHP) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 24 at 1:54 PM
americanbankingnews.com logoAshford Hospitality Prime (AHP) Receives News Sentiment Score of 0.33
www.americanbankingnews.com - April 24 at 12:12 PM
americanbankingnews.com logoAshford Hospitality Prime (AHP) Receives Media Impact Rating of 0.33
www.americanbankingnews.com - April 20 at 10:47 AM
americanbankingnews.com logoPositive Press Coverage Very Likely to Effect Ashford Hospitality Prime (AHP) Share Price
www.americanbankingnews.com - April 16 at 9:28 AM
americanbankingnews.com logoZacks: Brokerages Expect Ashford Hospitality Prime Inc (AHP) Will Announce Quarterly Sales of $99.05 Million
www.americanbankingnews.com - April 16 at 8:40 AM
americanbankingnews.com logo$0.40 EPS Expected for Ashford Hospitality Prime Inc (AHP) This Quarter
www.americanbankingnews.com - April 14 at 1:18 PM
americanbankingnews.com logoFavorable News Coverage Somewhat Likely to Effect Ashford Hospitality Prime (AHP) Stock Price
www.americanbankingnews.com - April 13 at 1:32 PM
americanbankingnews.com logoAshford Hospitality Prime Inc (AHP) Given a $15.00 Price Target by FBR & Co Analysts
www.americanbankingnews.com - April 9 at 11:28 PM
americanbankingnews.com logoAshford Hospitality Prime Inc (AHP) Receives Market Perform Rating from JMP Securities
www.americanbankingnews.com - April 7 at 7:02 PM
americanbankingnews.com logoAshford Hospitality Prime Inc (AHP) Receives $15.33 Consensus Price Target from Brokerages
www.americanbankingnews.com - April 4 at 9:17 AM
bizjournals.com logoAshford Prime Completes Acquisition Of Award-Winning Park Hyatt Beaver Creek Resort & Spa For $145.5 Million
www.bizjournals.com - April 3 at 3:38 PM
finance.yahoo.com logoAshford Prime Sets First Quarter Earnings Release and Conference Call Dates
finance.yahoo.com - April 3 at 3:38 PM
biz.yahoo.com logoASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement
biz.yahoo.com - March 17 at 9:08 PM
finance.yahoo.com logoAshford Prime Declares Dividends For First Quarter Of 2017
finance.yahoo.com - March 14 at 8:11 AM
seekingalpha.com logoThe Preferred Option For Ashford Shareholders
seekingalpha.com - March 13 at 8:29 PM
finance.yahoo.com logoAshford Prime Announces Agreement to Acquire Award-Winning Park Hyatt Beaver Creek Resort & Spa For $145.5 Million
finance.yahoo.com - March 10 at 3:25 PM
biz.yahoo.com logoASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements a
biz.yahoo.com - March 8 at 3:27 PM
finance.yahoo.com logoASHFORD HOSPITALITY PRIME, INC. Financials
finance.yahoo.com - March 7 at 3:26 PM
biz.yahoo.com logoASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Material Modification
biz.yahoo.com - March 7 at 3:26 PM
finance.yahoo.com logo3:22 am Ashford Hospitality Prime prices offering of 1,975,500 shares of 5.50% Series B Cumulative Convertible Preferred Stock at $20.19 per share
finance.yahoo.com - March 3 at 3:39 PM
finance.yahoo.com logoAshford Prime Prices Public Offering Of Convertible Preferred Stock
finance.yahoo.com - March 2 at 8:42 PM
marketwatch.com logoAshford Prime Prices Public Offering Of Common Stock
www.marketwatch.com - March 2 at 3:40 PM
reuters.com logoBRIEF-Ashford Hospitality Prime to buy Hotel Yountville
www.reuters.com - March 2 at 3:40 PM
fool.com logoWhy Ashford Hospitality Prime, Inc. Stock Is Falling Today
www.fool.com - March 2 at 3:39 PM
us.rd.yahoo.com logoAshford Prime Announces Agreement To Acquire Hotel Yountville For $96.5 Million
us.rd.yahoo.com - March 2 at 1:27 AM
reuters.com logoBRIEF-Ashford Prime announces public offerings of preferred and common stock
www.reuters.com - March 1 at 8:27 PM
prnewswire.com logoAshford Prime Announces Concurrent Public Offerings Of 1,150,000 Shares Of Convertible Preferred Stock And 5,750,000 Shares Of Common Stock
www.prnewswire.com - March 1 at 8:27 PM
finance.yahoo.com logoMack-Cali's Affiliate Announces Recent Strategic Activities
finance.yahoo.com - February 28 at 8:31 AM
us.rd.yahoo.com logoEdited Transcript of AHP earnings conference call or presentation 23-Feb-17 4:00pm GMT
us.rd.yahoo.com - February 25 at 1:29 AM
seekingalpha.com logoAshford Hospitality Prime's (AHP) CEO Richard Stockton on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 24 at 10:46 AM
biz.yahoo.com logoASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - February 23 at 3:25 PM
biz.yahoo.com logoASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statemen
us.rd.yahoo.com - February 23 at 1:28 AM
streetinsider.com logoAshford Hospitality Prime (AHP) Reports In-Line Q4 EPS; AFFO of $0.34/Share
www.streetinsider.com - February 22 at 8:28 PM
seekingalpha.com logoAshford Hospitality Prime beats by $0.01, beats on revenue
seekingalpha.com - February 22 at 8:28 PM
biz.yahoo.com logoASHFORD HOSPITALITY PRIME, INC. Files SEC form 8-K, Change in Directors or Principal Officers
us.rd.yahoo.com - February 22 at 3:26 PM
us.rd.yahoo.com logoAshford Hospitality Trust offers to buy FelCor Lodging
us.rd.yahoo.com - February 22 at 3:26 PM

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Chart

Ashford Hospitality Prime (AHP) Chart for Thursday, May, 25, 2017

This page was last updated on 5/25/2017 by MarketBeat.com Staff