American Hotel Income Properties REIT LP (TSE:HOT.UN – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.92 and traded as low as C$0.52. American Hotel Income Properties REIT shares last traded at C$0.52, with a volume of 29,212 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. CIBC lowered American Hotel Income Properties REIT from a “neutral” rating to an “underperform” rating and cut their target price for the company from C$0.75 to C$0.50 in a report on Thursday, February 29th. Royal Bank of Canada cut 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.
Get Our Latest Report on HOT.UN
American Hotel Income Properties REIT Stock Down 1.9 %
American Hotel Income Properties REIT Company Profile
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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