American Hotel Income Properties REIT LP (TSE:HOT.UN - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.82 and traded as low as C$0.65. American Hotel Income Properties REIT shares last traded at C$0.67, with a volume of 6,825 shares changing hands.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on HOT.UN shares. Royal Bank of Canada reduced their target price on American Hotel Income Properties REIT from C$0.75 to C$0.70 and set a "sector perform" rating on the stock in a report on Wednesday, March 6th. CIBC downgraded American Hotel Income Properties REIT from a "neutral" rating to an "underperform" rating and lowered their target price for the company from C$0.75 to C$0.50 in a research report on Thursday, February 29th.
Read Our Latest Analysis on HOT.UN
American Hotel Income Properties REIT Price Performance
The firm has a market capitalization of C$52.95 million, a PE ratio of -0.52 and a beta of 2.22. The firm's fifty day moving average price is C$0.65 and its 200 day moving average price is C$0.82. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 277.17.
American Hotel Income Properties REIT Company Profile
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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.
Further Reading
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