Bruce Douglas Pittet Buys 40,000 Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) Stock

American Hotel Income Properties REIT LP (TSE:HOT.UN) Senior Officer Bruce Douglas Pittet acquired 40,000 shares of American Hotel Income Properties REIT stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of C$0.50 per share, with a total value of C$20,141.28.

American Hotel Income Properties REIT Stock Up 2.0 %

HOT.UN stock opened at C$0.50 on Friday. The stock’s 50 day simple moving average is C$0.60 and its 200 day simple moving average is C$0.55. The company has a market cap of C$39.62 million, a P/E ratio of -0.31 and a beta of 2.21. The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. American Hotel Income Properties REIT LP has a fifty-two week low of C$0.39 and a fifty-two week high of C$0.95.

Analysts Set New Price Targets

Separately, Scotiabank raised their price target on shares of American Hotel Income Properties REIT from C$0.60 to C$0.80 in a report on Tuesday, November 12th.

About American Hotel Income Properties REIT

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.