American Hotel Income Properties REIT (TSE:HOT.UN) Stock Crosses Below 200-Day Moving Average of $3.86

American Hotel Income Properties REIT LP (TSE:HOT.UNGet Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.86 and traded as low as C$3.43. American Hotel Income Properties REIT shares last traded at C$3.50, with a volume of 33,776 shares trading hands.

Analysts Set New Price Targets

Several brokerages have issued reports on HOT.UN. CIBC dropped their target price on American Hotel Income Properties REIT from C$4.00 to C$3.80 in a report on Monday, June 27th. Royal Bank of Canada lowered their price target on American Hotel Income Properties REIT from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a report on Friday, May 13th. National Bankshares lowered their price target on American Hotel Income Properties REIT from C$4.75 to C$3.75 and set a “sector perform” rating for the company in a report on Wednesday, July 20th. TD Securities lowered their price target on American Hotel Income Properties REIT from C$4.75 to C$4.00 and set a “buy” rating for the company in a report on Thursday, May 12th. Finally, Scotiabank lowered their price target on American Hotel Income Properties REIT from C$5.00 to C$4.75 in a report on Thursday, May 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$4.26.

American Hotel Income Properties REIT Stock Up 0.3 %

The company has a debt-to-equity ratio of 200.78, a quick ratio of 0.30 and a current ratio of 0.75. The company has a market cap of C$275.61 million and a price-to-earnings ratio of -33.65. The business has a 50-day simple moving average of C$3.45 and a 200-day simple moving average of C$3.86.

American Hotel Income Properties REIT Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.015 per share. This represents a $0.18 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Monday, May 30th. American Hotel Income Properties REIT’s dividend payout ratio (DPR) is presently -28.85%.

American Hotel Income Properties REIT Company Profile

(Get Rating)

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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