American Hotel Income Properties REIT LP (TSE:HOT.UN – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.61 and traded as low as C$0.54. American Hotel Income Properties REIT shares last traded at C$0.58, with a volume of 32,900 shares traded.
Analyst Upgrades and Downgrades
Separately, Scotiabank lowered their price objective on American Hotel Income Properties REIT from C$0.80 to C$0.70 and set a “sector perform” rating for the company in a report on Wednesday.
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American Hotel Income Properties REIT Price Performance
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.
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