Latest Stocks: Ashford Hospitality Prime Inc (AHP) Stock Rating Lowered by ValuEngine

Latest Stocks: Ashford Hospitality Prime Inc (AHP) Stock Rating Lowered by ValuEngine

Ashford Hospitality Prime Inc (NYSE:AHP) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. FBR & Co set a $15.00 target price on Ashford Hospitality Prime and gave the stock a “buy” rating in a research note on Saturday, April 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Ashford Hospitality Prime in a research note on Friday, April 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $15.50.

Ashford Hospitality Prime (NYSE:AHP) opened at 9.56 on Friday. The firm’s 50-day moving average is $10.34 and its 200 day moving average is $12.08. The stock has a market capitalization of $260.67 million, a price-to-earnings ratio of 18.11 and a beta of 1.20. Ashford Hospitality Prime has a 1-year low of $9.49 and a 1-year high of $17.64.

In related news, CEO Richard J. Stockton bought 10,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was acquired at an average cost of $10.75 per share, with a total value of $107,500.00. Following the purchase, the chief executive officer now directly owns 247,434 shares of the company’s stock, valued at $2,659,915.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Curtis B. Mcwilliams bought 5,000 shares of the business’s stock in a transaction on Tuesday, March 14th. The stock was bought at an average cost of $10.50 per share, with a total value of $52,500.00. The disclosure for this purchase can be found here. 23.68% of the stock is owned by company insiders. Hedge funds have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Ashford Hospitality Prime during the first quarter worth about $188,000. Public Employees Retirement System of Ohio increased its stake in shares of Ashford Hospitality Prime by 22.4% in the first quarter. Public Employees Retirement System of Ohio now owns 35,459 shares of the real estate investment trust’s stock worth $376,000 after buying an additional 6,481 shares during the last quarter. Ranger Global Real Estate Advisors LLC acquired a new stake in shares of Ashford Hospitality Prime during the first quarter worth about $3,606,000. Goldman Sachs Group Inc. increased its stake in shares of Ashford Hospitality Prime by 10.1% in the first quarter. Goldman Sachs Group Inc. now owns 101,179 shares of the real estate investment trust’s stock worth $1,074,000 after buying an additional 9,270 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of Ashford Hospitality Prime by 112.3% in the first quarter. Tudor Investment Corp ET AL now owns 29,698 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 15,707 shares during the last quarter. 75.77% of the stock is owned by institutional investors and hedge funds.

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