American Hotel Income Properties REIT (TSE:HOT.UN) Shares Cross Below 200-Day Moving Average – What’s Next?

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.54 and traded as low as C$0.53. American Hotel Income Properties REIT shares last traded at C$0.58, with a volume of 100,475 shares traded.

Analyst Upgrades and Downgrades

Separately, Scotiabank lifted their price objective on American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research note on Tuesday, November 12th.

American Hotel Income Properties REIT Stock Up 16.0 %

The company has a market capitalization of C$45.95 million, a PE ratio of -0.36 and a beta of 2.21. 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’s 50-day moving average is C$0.56 and its 200 day moving average is C$0.54.

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.