American Hotel Income Properties REIT (TSE:HOT.UN) Shares Cross Below 200-Day Moving Average of $3.69

American Hotel Income Properties REIT LP (TSE:HOT.UNGet Rating)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$3.69 and traded as low as C$3.26. American Hotel Income Properties REIT shares last traded at C$3.27, with a volume of 28,879 shares traded.

Analyst Upgrades and Downgrades

HOT.UN has been the topic of several research analyst reports. Scotiabank decreased their price target on American Hotel Income Properties REIT from C$4.75 to C$4.50 in a research note on Thursday, August 11th. National Bankshares boosted their price target on American Hotel Income Properties REIT from C$3.75 to C$4.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 11th. Finally, CIBC decreased their price target on American Hotel Income Properties REIT from C$3.80 to C$3.35 and set a “neutral” rating on the stock in a research note on Thursday, August 11th.

American Hotel Income Properties REIT Price Performance

The company’s 50 day moving average price is C$3.46 and its 200-day moving average price is C$3.68. The company has a market capitalization of C$242.60 million and a PE ratio of 26.67. The company has a current ratio of 1.60, a quick ratio of 0.73 and a debt-to-equity ratio of 192.66.

American Hotel Income Properties REIT Company Profile

(Get Rating)

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located substantially in the United States. AHIP currently has 112 hotels, and is engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand.

Further Reading

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