American Hotel Income Properties REIT (TSE:HOT.UN) Shares Cross Below 200 Day Moving Average of $0.70

American Hotel Income Properties REIT LP (TSE:HOT.UNGet Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.70 and traded as low as C$0.50. American Hotel Income Properties REIT shares last traded at C$0.52, with a volume of 25,045 shares traded.

Analyst Ratings Changes

HOT.UN has been the topic of a number of analyst reports. CIBC lowered American Hotel Income Properties REIT from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from C$0.75 to C$0.50 in a research note on Thursday, February 29th. Royal Bank of Canada lowered their price target on shares of American Hotel Income Properties REIT from C$0.75 to C$0.70 and set a “sector perform” rating on the stock in a report on Wednesday, March 6th.

View Our Latest Stock Report on American Hotel Income Properties REIT

American Hotel Income Properties REIT Price Performance

The firm has a fifty day moving average of C$0.59 and a two-hundred day moving average of C$0.70. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 277.17. The company has a market capitalization of C$40.37 million, a PE ratio of -0.40 and a beta of 2.16.

American Hotel Income Properties REIT Company Profile

(Get Free Report)

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.

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