Ashford Hospitality Prime (AHP) Earning Positive Media Coverage, Study Finds

Media headlines about Ashford Hospitality Prime (NYSE:AHP) have been trending positive on Friday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ashford Hospitality Prime earned a media sentiment score of 0.33 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 88 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a research note on Wednesday. BidaskClub cut shares of Ashford Hospitality Prime from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Canaccord Genuity reissued a “hold” rating and issued a $11.00 price objective on shares of Ashford Hospitality Prime in a research note on Monday, June 26th. ValuEngine cut shares of Ashford Hospitality Prime from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Deutsche Bank AG raised shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating and dropped their price objective for the company from $14.00 to $13.00 in a research note on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $13.60.

Shares of Ashford Hospitality Prime (AHP) traded down 0.52% during midday trading on Friday, hitting $9.56. 202,205 shares of the company’s stock traded hands. Ashford Hospitality Prime has a 52 week low of $9.28 and a 52 week high of $15.87. The company has a 50 day moving average of $10.33 and a 200 day moving average of $10.97. The stock has a market cap of $300.83 million, a P/E ratio of 24.77 and a beta of 1.16.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date was Wednesday, June 28th. Ashford Hospitality Prime’s payout ratio is currently 177.78%.

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Ashford Hospitality Prime Company Profile

Ashford Hospitality Prime, Inc invests in high revenue per available room (RevPAR), luxury hotels and resorts. 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.

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