American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.56 and traded as low as C$0.56. American Hotel Income Properties REIT shares last traded at C$0.59, with a volume of 31,000 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HOT.UN. Scotiabank increased their price objective on shares of American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research report on Tuesday, November 12th. CIBC dropped their price target 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 Stock Up 1.7 %

The stock’s fifty day moving average price is C$0.64 and its 200-day moving average price is C$0.56. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 276.63. The company has a market capitalization of C$46.75 million, a price-to-earnings ratio of -0.37 and a beta of 2.21.

Insider Buying and Selling at American Hotel Income Properties REIT

In related news, Director John Christopher O’neill acquired 100,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was bought at an average price of C$0.69 per share, with a total value of C$68,760.00. Company insiders own 3.62% of the company’s stock.

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.