American Hotel Income Properties REIT LP (TSE:HOT.UN) Director Purchases C$118,520.00 in Stock

Posted by Patrick Bannon on Sep 22nd, 2024

American Hotel Income Properties REIT LP (TSE:HOT.UN – Get Free Report) Director John Christopher O’neill bought 200,000 shares of American Hotel Income Properties REIT stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average price of C$0.59 per share, for a total transaction of C$118,520.00.

American Hotel Income Properties REIT Stock Up 1.6 %

Shares of HOT.UN opened at C$0.63 on Friday. American Hotel Income Properties REIT LP has a fifty-two week low of C$0.39 and a fifty-two week high of C$2.02. The company’s fifty day moving average is C$0.48 and its two-hundred day moving average is C$0.55. The firm has a market cap of C$49.91 million, a PE ratio of -0.39 and a beta of 2.15. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 276.63.

Wall Street Analyst Weigh In

Separately, CIBC dropped 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.

Check Out Our Latest Stock Analysis on HOT.UN

American Hotel Income Properties REIT Company Profile

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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.