American Hotel Income Properties REIT (TSE:HOT.UN) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.59 and traded as high as C$0.65. American Hotel Income Properties REIT shares last traded at C$0.64, with a volume of 28,391 shares changing hands.

Wall Street Analyst Weigh In

Separately, Scotiabank lifted their price objective on American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research report on Tuesday, November 12th.

American Hotel Income Properties REIT Stock Performance

The stock has a 50-day moving average of C$0.63 and a 200 day moving average of C$0.59. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36. The stock has a market capitalization of C$50.71 million, a price-to-earnings ratio of -0.40 and a beta of 2.21.

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.