American Hotel Income Properties REIT (TSE:HOT.UN) Trading 20% Higher – Here’s Why

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s share price rose 20% on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.36. Approximately 322,536 shares changed hands during trading, an increase of 502% from the average daily volume of 53,592 shares. The stock had previously closed at C$0.30.

American Hotel Income Properties REIT Trading Up 20.0%

The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 276.63. The company has a fifty day moving average price of C$0.36 and a two-hundred day moving average price of C$0.42. The firm has a market capitalization of C$26.96 million, a price-to-earnings ratio of -0.31 and a beta of -0.82.

American Hotel Income Properties REIT (TSE:HOT.UN) last announced its quarterly earnings data on Friday, November 7th. The company reported C($0.34) EPS for the quarter. American Hotel Income Properties REIT had a negative return on equity of 34.11% and a negative net margin of 34.67%.The company had revenue of C$66.24 million for the quarter. As a group, research analysts forecast that American Hotel Income Properties REIT LP will post 0.0406452 earnings per share for the current fiscal year.

American Hotel Income Properties REIT Company Profile

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company’s primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue.