American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Up 20% – What’s Next?

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) rose 20% during mid-day trading on Wednesday . The stock traded as high as C$0.37 and last traded at C$0.36. Approximately 335,536 shares changed hands during mid-day trading, an increase of 525% from the average daily volume of 53,673 shares. The stock had previously closed at C$0.30.

American Hotel Income Properties REIT Stock Up 20.0%

The stock has a market cap of C$26.96 million, a PE ratio of -0.31 and a beta of -0.82. The business has a 50 day moving average price of C$0.36 and a 200 day moving average price of C$0.42. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 276.63.

American Hotel Income Properties REIT (TSE:HOT.UN) last announced its quarterly earnings results on Friday, November 7th. The company reported C($0.34) earnings per share (EPS) for the quarter. American Hotel Income Properties REIT had a negative net margin of 34.67% and a negative return on equity of 34.11%. The company had revenue of C$66.24 million during the quarter. Equities research analysts expect that American Hotel Income Properties REIT LP will post 0.0406452 EPS for the current fiscal year.

About American Hotel Income Properties REIT

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company’s primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue.