American Hotel Income Properties REIT (TSE:HOT.UN) Stock Crosses Below 200-Day Moving Average of $0.58

American Hotel Income Properties REIT LP (TSE:HOT.UN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.58 and traded as low as C$0.48. American Hotel Income Properties REIT shares last traded at C$0.50, with a volume of 2,011 shares.

Analyst Upgrades and Downgrades

Separately, CIBC reduced their target price on American Hotel Income Properties REIT from C$0.40 to C$0.33 in a report on Thursday, August 8th.

American Hotel Income Properties REIT Trading Down 1.0 %

The business’s 50-day moving average price is C$0.48 and its 200-day moving average price is C$0.58. The firm has a market capitalization of C$39.22 million, a PE ratio of -0.31 and a beta of 2.15. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36.

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.