Ashford Hospitality Prime (NYSE:AHP) has an average broker rating of 2.83, which is interpreted as a Hold, as rated by 6 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.
Ashford Hospitality Prime (NYSE:AHP) : Average target price received by Ashford Hospitality Prime (NYSE:AHP) is $12.75 with an expected standard deviation of $2.23. The most aggressive target on the stock is $16, whereas the most downbeat target is $11. 6 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week
Ashford Hospitality Prime (NYSE:AHP): On Tuesdays trading session , Opening price of the stock was $14.37 with an intraday high of $14.42. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.16. However, the stock managed to close at $13.3, a loss of 6.34% for the day. On the previous day, the stock had closed at $14.2. The total traded volume of the day was 720,798 shares.
In an insider trading activity, The director officer (President), of Ashford Hospitality Prime, Inc., Kessler Douglas A had unloaded 2,441 shares at $15 per share in a transaction on September 1, 2015. The total value of transaction was $36,615. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Ashford Hospitality Prime, Inc. (Ashford Prime) invests primarily in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels. 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 March 12, 2015, the Company owned interests in 10 hotels in six states and the District of Columbia with 3,707 total rooms, or 3,472 net rooms, excluding those attributable to its partner. The hotels in its portfolio are located in the United States markets. The Company owns eight of its hotel properties directly, and the remaining two hotel properties through an investment in a majority-owned consolidated entity. The Company is advised by Ashford LLC, a subsidiary of Ashford Inc., and an affiliate of Ashford Trust.