Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.56 and traded as high as C$0.68. American Hotel Income Properties REIT shares last traded at C$0.67, with a volume of 74,613 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Scotiabank boosted their target price on American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research note on Tuesday, November 12th.
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American Hotel Income Properties REIT Stock Performance
The company has a market cap of C$53.08 million, a price-to-earnings ratio of -0.42 and a beta of 2.21. The firm has a 50-day simple moving average of C$0.57 and a 200 day simple 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 Company Profile
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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.
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