Insider Buying: American Hotel Income Properties REIT LP (TSE:HOT.UN) Director Purchases 200,000 Shares of Stock

American Hotel Income Properties REIT LP (TSE:HOT.UN) Director John Christopher O’neill purchased 200,000 shares of the company’s stock in a transaction dated 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 4.8 %

American Hotel Income Properties REIT stock traded up C$0.03 during midday trading on Friday, hitting C$0.65. 123,640 shares of the company’s stock were exchanged, compared to its average volume of 69,904. The firm has a 50-day moving average of C$0.48 and a two-hundred day moving average of C$0.55. The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. The company has a market cap of C$51.50 million, a PE ratio of -0.39 and a beta of 2.15. American Hotel Income Properties REIT LP has a 12 month low of C$0.39 and a 12 month high of C$2.02.

Analysts Set New Price Targets

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 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.