American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Up 11.1%

American Hotel Income Properties REIT LP (TSE:HOT.UN) was up 11.1% on Thursday . The company traded as high as C$0.61 and last traded at C$0.60. Approximately 170,335 shares traded hands during trading, an increase of 153% from the average daily volume of 67,230 shares. The stock had previously closed at C$0.54.

Analysts Set New Price Targets

Separately, CIBC cut 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.

American Hotel Income Properties REIT Trading Up 1.6 %

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 stock has a market capitalization of C$49.91 million, a P/E ratio of -0.39 and a beta of 2.15. The stock has a 50-day moving average price of C$0.48 and a two-hundred day moving average price of C$0.55.

Insider Buying and Selling

In other news, Director John Christopher O’neill bought 200,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was bought at an average price of C$0.59 per share, for a total transaction of C$118,520.00. 3.24% of the stock is owned by insiders.

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.