American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Crosses Below 200-Day Moving Average of $3.30

American Hotel Income Properties REIT LP (TSE:HOT.UNGet Rating) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$3.30 and traded as low as C$2.76. American Hotel Income Properties REIT shares last traded at C$2.81, with a volume of 67,383 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on HOT.UN shares. BMO Capital Markets dropped their target price on American Hotel Income Properties REIT from C$3.00 to C$2.75 in a research report on Thursday, November 17th. Royal Bank of Canada cut their price target on American Hotel Income Properties REIT from C$3.25 to C$2.75 and set a “sector perform” rating for the company in a research note on Thursday, November 10th. CIBC lowered their target price on American Hotel Income Properties REIT from C$3.35 to C$3.00 and set a “neutral” rating on the stock in a report on Thursday, November 10th. National Bankshares decreased their price objective on American Hotel Income Properties REIT from C$3.50 to C$3.25 in a research note on Friday, November 11th. Finally, Scotiabank decreased their price objective on American Hotel Income Properties REIT from C$4.50 to C$3.75 in a research note on Monday, November 14th.

American Hotel Income Properties REIT Price Performance

The company has a 50-day moving average of C$2.90 and a two-hundred day moving average of C$3.30. The stock has a market capitalization of C$221.36 million and a PE ratio of 23.42. The company has a debt-to-equity ratio of 187.76, a current ratio of 1.38 and a quick ratio of 0.36.

About American Hotel Income Properties REIT

(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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