California Public Employees Retirement System Has $910,000 Stake in Ashford Hospitality Prime, Inc. (AHP)

California Public Employees Retirement System lifted its position in shares of Ashford Hospitality Prime, Inc. (NYSE:AHP) by 16.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,400 shares of the real estate investment trust’s stock after purchasing an additional 12,700 shares during the quarter. California Public Employees Retirement System owned 0.28% of Ashford Hospitality Prime worth $910,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AHP. Vanguard Group Inc. grew its stake in shares of Ashford Hospitality Prime by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 4,275,883 shares of the real estate investment trust’s stock worth $45,367,000 after purchasing an additional 626,155 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Ashford Hospitality Prime by 83.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 615,539 shares of the real estate investment trust’s stock worth $6,333,000 after purchasing an additional 279,810 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Ashford Hospitality Prime by 56.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 700,678 shares of the real estate investment trust’s stock worth $7,210,000 after purchasing an additional 251,717 shares during the period. Prudential Financial Inc. grew its stake in shares of Ashford Hospitality Prime by 25.1% during the 2nd quarter. Prudential Financial Inc. now owns 757,786 shares of the real estate investment trust’s stock worth $7,797,000 after purchasing an additional 152,070 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Ashford Hospitality Prime by 35.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 474,871 shares of the real estate investment trust’s stock worth $4,822,000 after purchasing an additional 125,181 shares during the period. 66.50% of the stock is currently owned by institutional investors and hedge funds.

Ashford Hospitality Prime, Inc. (NYSE AHP) opened at $9.18 on Tuesday. Ashford Hospitality Prime, Inc. has a 52-week low of $8.74 and a 52-week high of $14.87. The stock has a market capitalization of $295.70, a P/E ratio of 5.54 and a beta of 1.18. The company has a debt-to-equity ratio of 2.57, a quick ratio of 3.77 and a current ratio of 3.77.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.97%. Ashford Hospitality Prime’s dividend payout ratio (DPR) is -228.56%.

In other Ashford Hospitality Prime news, EVP Jeremy Welter bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $8.90 per share, for a total transaction of $178,000.00. Following the transaction, the executive vice president now directly owns 551 shares of the company’s stock, valued at approximately $4,903.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.00% of the company’s stock.

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A number of equities research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Ashford Hospitality Prime in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Ashford Hospitality Prime from a “buy” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine raised shares of Ashford Hospitality Prime from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $11.00 price objective on shares of Ashford Hospitality Prime in a research note on Friday, September 8th. Finally, BidaskClub raised shares of Ashford Hospitality Prime from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.17.

About Ashford Hospitality Prime

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.

Institutional Ownership by Quarter for Ashford Hospitality Prime (NYSE:AHP)

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