American Hotel Income Properties REIT LP (TSE:HOT.UN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $6.72. American Hotel Income Properties REIT shares last traded at $6.67, with a volume of 56,357 shares traded.
HOT.UN has been the subject of a number of analyst reports. CIBC upgraded Crescent Point Energy from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, May 9th. BMO Capital Markets set a C$50.00 price objective on Parkland Fuel and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. American Hotel Income Properties REIT presently has a consensus rating of “Hold” and an average target price of C$7.14.
The business’s 50 day moving average price is C$6.74. The company has a quick ratio of 0.41, a current ratio of 1.02 and a debt-to-equity ratio of 162.43. The firm has a market cap of $523.40 million and a P/E ratio of 83.38.
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.
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