Ashford Hospitality Prime Inc (AHP) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 18 from a previous price target of $16 . FBR Capital advised their investors in a research report released on Jul 22, 2016.
Ashford Hospitality Prime Inc closed down -0.02 points or -0.14% at $14.61 with 89,738 shares getting traded on Wednesday. Post opening the session at $14.66, the shares hit an intraday low of $14.485 and an intraday high of $14.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Sep 2, 2015, Douglas A Kessler (President) sold 2,441 shares at $15.00 per share price.
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 3707 total rooms or 3472 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.