American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Expected to Rise, Scotiabank Analyst Says

American Hotel Income Properties REIT (TSE:HOT.UN) had its price objective increased by Scotiabank from C$0.60 to C$0.80 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

Separately, CIBC lowered their price objective on 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 Stock Performance

Shares of American Hotel Income Properties REIT stock opened at C$0.61 on Tuesday. The firm’s 50-day moving average is C$0.63 and its 200 day moving average is C$0.56. The stock has a market cap of C$48.33 million, a price-to-earnings ratio of -0.38 and a beta of 2.21. American Hotel Income Properties REIT has a 1 year low of C$0.39 and a 1 year high of C$0.95. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36.

Insider Transactions at American Hotel Income Properties REIT

In other news, Director John Christopher O’neill purchased 100,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of C$0.69 per share, for a total transaction of C$68,760.00. Company 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.