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

American Hotel Income Properties REIT (TSE:HOT.UN) had its target price increased by Scotiabank from C$0.60 to C$0.80 in a report issued on Tuesday morning,BayStreet.CA reports.

Separately, CIBC decreased their price target 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 opened at C$0.61 on Tuesday. The firm has a market capitalization of C$48.33 million, a P/E ratio of -0.38 and a beta of 2.21. The company has a fifty day moving average of C$0.63 and a 200-day moving average of C$0.56. 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 has a twelve month low of C$0.39 and a twelve month high of C$0.95.

Insiders Place Their Bets

In other American Hotel Income Properties REIT news, Director John Christopher O’neill acquired 100,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were acquired at an average price of C$0.69 per share, with a total value of C$68,760.00. Corporate 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.