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

American Hotel Income Properties REIT LP (TSE:HOT.UNGet Rating)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

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

American Hotel Income Properties REIT Stock Down 3.8 %

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

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.

Recommended Stories

Receive News & Ratings for American Hotel Income Properties REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Hotel Income Properties REIT and related companies with MarketBeat.com's FREE daily email newsletter.