American Hotel Income Properties REIT (TSE:HOT.UN) Price Target Raised to C$0.80

American Hotel Income Properties REIT (TSE:HOT.UN) had its target price upped by Scotiabank from C$0.60 to C$0.80 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Separately, CIBC decreased their price objective on American Hotel Income Properties REIT from C$0.40 to C$0.33 in a research note on Thursday, August 8th.

American Hotel Income Properties REIT Price Performance

Shares of HOT.UN opened at C$0.61 on Tuesday. The company’s 50-day simple moving average is C$0.63 and its 200-day simple moving average is C$0.56. The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. American Hotel Income Properties REIT has a 1 year low of C$0.39 and a 1 year high of C$0.95. The stock has a market capitalization of C$48.33 million, a PE ratio of -0.38 and a beta of 2.21.

Insider Transactions at American Hotel Income Properties REIT

In other American Hotel Income Properties REIT news, Director John Christopher O’neill bought 200,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of C$0.59 per share, with a total value of C$118,520.00. Corporate insiders own 3.62% of the company’s stock.

About American Hotel Income Properties REIT

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.