American Hotel Income Properties REIT (TSE:HOT.UN) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.56 and traded as high as C$0.72. American Hotel Income Properties REIT shares last traded at C$0.71, with a volume of 44,170 shares traded.

Analysts Set New Price Targets

Separately, CIBC decreased their price objective on shares of American Hotel Income Properties REIT from C$0.40 to C$0.33 in a research report on Thursday, August 8th.

American Hotel Income Properties REIT Price Performance

The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. The firm has a market cap of C$56.25 million, a price-to-earnings ratio of -0.45 and a beta of 2.21. The company’s fifty day moving average is C$0.56 and its two-hundred day moving average is C$0.56.

Insider Buying and Selling

In other news, Director John Christopher O’neill bought 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average price of C$0.69 per share, with a total value of C$68,760.00. In the last 90 days, insiders have purchased 303,500 shares of company stock valued at $188,715. Insiders own 3.62% of the company’s stock.

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.