Ashford Hospitality Prime Inc (AHP) : Forward Management scooped up 196,500 additional shares in Ashford Hospitality Prime Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 231,500 shares of Ashford Hospitality Prime Inc which is valued at $3,449,350.Ashford Hospitality Prime Inc makes up approximately 0.27% of Forward Management’s portfolio.
Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in AHP in the latest quarter, The investment management firm added 13,782 additional shares and now holds a total of 17,789 shares of Ashford Hospitality Prime Inc which is valued at $265,056.California State Teachers Retirement System reduced its stake in AHP by selling 4,100 shares or 7.07% in the most recent quarter. The Hedge Fund company now holds 53,867 shares of AHP which is valued at $802,618. Smithfield Trust Co sold out all of its stake in AHP during the most recent quarter. The investment firm sold 53 shares of AHP which is valued $797.Cue Financial Group reduced its stake in AHP by selling 229 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 11,568 shares of AHP which is valued at $170,859. Ashford Hospitality Prime Inc makes up approx 0.14% of Cue Financial Group’s portfolio.
Ashford Hospitality Prime Inc closed down -0.3 points or -1.88% at $15.7 with 3,96,006 shares getting traded on Monday. Post opening the session at $16, the shares hit an intraday low of $15.57 and an intraday high of $16.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Many Wall Street Analysts have commented on Ashford Hospitality Prime Inc. Company shares were Reiterated by FBR Capital on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $17 .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. (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.