American Hotel Income Properties REIT (TSE:HOT.UN) Shares Up 18.3% – Here’s Why

American Hotel Income Properties REIT LP (TSE:HOT.UN) shares shot up 18.3% during mid-day trading on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.36. 302,035 shares were traded during mid-day trading, an increase of 466% from the average session volume of 53,369 shares. The stock had previously closed at C$0.30.

American Hotel Income Properties REIT Price Performance

The company has a market cap of C$24.34 million, a PE ratio of -0.28 and a beta of -0.82. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 276.63. The firm has a 50 day simple moving average of C$0.36 and a 200-day simple moving average of C$0.42.

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

About American Hotel Income Properties REIT

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.