American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Expected to Rise, Scotiabank Analyst Says

American Hotel Income Properties REIT (TSE:HOT.UN) had its price objective hoisted by stock analysts at Scotiabank from C$0.60 to C$0.80 in a research note issued to investors on Tuesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 31.15% from the stock’s previous close.

Separately, CIBC decreased their target price on American Hotel Income Properties REIT from C$0.40 to C$0.33 in a report on Thursday, August 8th.

American Hotel Income Properties REIT Price Performance

Shares of TSE HOT.UN opened at C$0.61 on Tuesday. 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$48.33 million, a PE ratio of -0.40 and a beta of 2.21. The business has a 50-day simple moving average of C$0.62 and a two-hundred day simple moving average of C$0.56. American Hotel Income Properties REIT has a fifty-two week low of C$0.39 and a fifty-two week high of C$0.95.

Insider Buying and Selling at American Hotel Income Properties REIT

In related news, Director John Christopher O’neill purchased 200,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was bought at an average cost of C$0.59 per share, with a total value of C$118,520.00. 3.62% of the stock is currently owned by corporate insiders.

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.