Favorable Media Coverage Somewhat Unlikely to Impact Ashford Hospitality Prime (AHP) Share Price
Headlines about Ashford Hospitality Prime (NYSE:AHP) have trended positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ashford Hospitality Prime earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.5385567220389 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Ashford Hospitality Prime (NYSE AHP) opened at $10.11 on Friday. Ashford Hospitality Prime has a fifty-two week low of $8.74 and a fifty-two week high of $14.87. The stock has a market capitalization of $324.74, a P/E ratio of -40.44 and a beta of 1.14. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.77 and a quick ratio of 3.77.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date is Thursday, December 28th. Ashford Hospitality Prime’s dividend payout ratio (DPR) is -256.00%.
Ashford Hospitality Prime declared that its Board of Directors has initiated a share repurchase program on Monday, December 11th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several equities analysts have recently commented on AHP shares. ValuEngine raised Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised Ashford Hospitality Prime from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub raised Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Robert W. Baird reissued a “hold” rating and issued a $11.00 price objective on shares of Ashford Hospitality Prime in a report on Friday, September 8th. Finally, B. Riley reissued a “buy” rating on shares of Ashford Hospitality Prime in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Ashford Hospitality Prime currently has an average rating of “Hold” and an average target price of $13.17.
In other Ashford Hospitality Prime news, EVP Jeremy Welter acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average cost of $8.90 per share, with a total value of $178,000.00. Following the acquisition, the executive vice president now directly owns 551 shares of the company’s stock, valued at approximately $4,903.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 10.00% of the company’s stock.
Ashford Hospitality Prime Company Profile
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.
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