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

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.56 and traded as high as C$0.68. American Hotel Income Properties REIT shares last traded at C$0.67, with a volume of 74,613 shares traded.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lifted their price objective on American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research report on Tuesday, November 12th.

American Hotel Income Properties REIT Stock Up 1.5 %

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 fifty day simple moving average of C$0.57 and a 200 day simple moving average of C$0.56. The firm has a market capitalization of C$53.08 million, a P/E ratio of -0.42 and a beta of 2.21.

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.