Shares in Ashford Hospitality Prime, Inc. (AHP) Acquired by OMERS ADMINISTRATION Corp

Xavier Trudeau
Juin 19, 2017

The firm owned 25,746 shares of the real estate investment trust's stock after buying an additional 454 shares during the period. Princeton Alpha Management LP's holdings in Ashford Hospitality Trust were worth $164,000 at the end of the most recent reporting period. Ltd. boosted its stake in Ashford Hospitality Prime by 31.9% in the third quarter. IndexIQ Advisors LLC now owns 88,006 shares of the real estate investment trust's stock worth $561,000 after buying an additional 9,472 shares during the last quarter. Great West Life Assurance Co. Wells Fargo & Company MN now owns 935,860 shares of the real estate investment trust's stock worth $5,962,000 after buying an additional 15,922 shares during the last quarter. Ellington Management Group LLC bought a new stake in Ashford Hospitality Prime during the fourth quarter worth approximately $214,000.

Shares of Ashford Hospitality Trust (NYSE AHT) opened at 6.49 on Thursday. Cortland Associates Inc sold 7,328 shares as Alibaba Gp Hldg Ltd (BABA)'s stock rose 22.58%. Ecor1 Capital Llc sold 478,800 shares as the company's stock declined 17.23% while stock markets rallied.

Ashford Hospitality Prime, Inc. has a 12-month low of $9.28 and a 12-month high of $17.64. The firm's 50-day moving average is $51.78 and its 200 day moving average is $51.85. The stock of Ashford Hospitality Prime Inc (NYSE:AHP) has "Outperform" rating given on Thursday, November 26 by FBR Capital. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.06. Ashford Hospitality Trust had a negative return on equity of 7.58% and a negative net margin of 3.96%. The business had revenue of $353.70 million for the quarter, compared to analyst estimates of $350.47 million. During the same quarter in the previous year, the business posted $0.36 EPS. Ashford Hospitality Trust earned a news sentiment score of 0.44 on AlphaOne's scale. (NYSE:AHT) has "Neutral" rating given on Wednesday, March 23 by Janney Capital. This represents a $0.64 annualized dividend and a yield of 6.53%.

More notable recent Ashford Hospitality Prime Inc (NYSE:AHP) news were published by: Prnewswire.com which released: "Ashford Prime Announces Amendment To Advisory Agreement" on January 24, 2017, also Prnewswire.com with their article: "Ashford Prime To Present At NAREIT's REITWeek 2017" published on June 05, 2017, Prnewswire.com published: "Ashford Prime Announces Settlement With Sessa Capital" on February 16, 2017.

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A number of analysts have recently commented on the stock. Zacks Investment Research cut Ashford Hospitality Trust from a "hold" rating to a "sell" rating in a research report on Friday, March 17th. They issued a "buy" rating and a $8.00 price objective for the company. Equities analysts forecast that Ashford Hospitality Trust will post ($0.96) EPS for the current fiscal year. JMP Securities reiterated a "market perform" rating on shares of Ashford Hospitality Prime in a research report on Friday, April 7th. Canaccord Genuity reaffirmed a "hold" rating and issued a $65.00 target price (up previously from $59.00) on shares of Ashford in a research note on Wednesday, April 19th. ValuEngine downgraded Ashford Hospitality Prime from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock now has an average rating of "Hold" and an average price target of $7.18.

Ashford Hospitality Trust, Inc.is an externally-advised real estate investment trust. The Company operates in the direct hotel investment segment of the hotel lodging industry.

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