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

American Hotel Income Properties REIT (TSE:HOT.UN) had its target price increased by equities researchers at Scotiabank from C$0.60 to C$0.80 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 26.98% from the stock’s current price.

Separately, CIBC reduced their price objective on shares of 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 Performance

TSE HOT.UN traded up C$0.02 on Tuesday, hitting C$0.63. 61,680 shares of the stock were exchanged, compared to its average volume of 69,879. The business’s fifty day moving average is C$0.62 and its 200 day moving average is C$0.56. The company has a market capitalization of C$49.91 million, a PE ratio of -0.40 and a beta of 2.21. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36. American Hotel Income Properties REIT has a 52 week low of C$0.39 and a 52 week high of C$0.95.

Insider Buying and Selling at American Hotel Income Properties REIT

In related news, Director John Christopher O’neill acquired 200,000 shares of American Hotel Income Properties REIT stock in a transaction dated Thursday, September 19th. The shares were purchased at an average cost of C$0.59 per share, with a total value of C$118,520.00. Company 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.