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 $17 . FBR Capital advised their investors in a research report released on Aug 5, 2016.
Many Wall Street Analysts have commented on Ashford Hospitality Prime Inc. Company shares were Reiterated by FBR Capital on Jul 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .
Ashford Hospitality Prime Inc opened for trading at $14.44 and hit $17.64 on the upside on Thursday, eventually ending the session at $15.86, with a gain of 6.44% or 0.96 points. The heightened volatility saw the trading volume jump to 14,64,285 shares. Company has a market cap of $451 M.
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.