American Hotel Income Properties REIT LP (OTCMKTS:AHOTF) Announces Monthly Dividend of $0.02

American Hotel Income Properties REIT LP (OTCMKTS:AHOTF) announced a monthly dividend on Friday, September 15th, NASDAQ reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.015 per share on Friday, October 13th. This represents a $0.18 annualized dividend and a dividend yield of 12.24%. The ex-dividend date is Thursday, September 28th.

American Hotel Income Properties REIT Stock Performance

American Hotel Income Properties REIT stock opened at $1.47 on Friday. American Hotel Income Properties REIT has a fifty-two week low of $1.35 and a fifty-two week high of $2.53. The firm’s fifty day moving average price is $1.69 and its 200-day moving average price is $1.79.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AHOTF shares. Scotiabank reduced their target price on shares of American Hotel Income Properties REIT to C$2.75 in a report on Tuesday, August 15th. BMO Capital Markets reduced their target price on shares of American Hotel Income Properties REIT from C$2.25 to C$1.75 in a report on Monday, August 14th.

About American Hotel Income Properties REIT

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.V), or AHIP, is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP's portfolio of premium branded, select-service hotels are located in secondary metropolitan markets that benefit from diverse and stable demand.