Revenue Update on Ashford Hospitality Prime Inc(NYSE:AHP)

Ashford Hospitality Prime Inc(NYSE:AHP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $112.43M. Analysts estimated a revenue of $112.75M. Earnings per share were $0.60. Analysts had estimated an EPS of $0.66.

Ashford Hospitality Prime Inc (AHP) made into the market gainers list on Fridays trading session with the shares advancing 1.11% or 0.17 points. Due to strong positive momentum, the stock ended at $15.51, which is also near the day’s high of $15.54. The stock began the session at $15.38 and the volume stood at 1,32,073 shares. The 52-week high of the shares is $17.64 and the 52 week low is $8.37. The company has a current market capitalization of $398 M and it has 2,56,44,258 shares in outstanding.

Several Insider Transactions has been reported to the SEC. 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.

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