American Hotel Income Properties REIT (TSE:HOT.UN) Share Price Passes Below Two Hundred Day Moving Average of $0.56

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.56 and traded as low as C$0.47. American Hotel Income Properties REIT shares last traded at C$0.47, with a volume of 43,992 shares traded.

Wall Street Analysts Forecast Growth

Separately, CIBC reduced their price objective on shares of American Hotel Income Properties REIT from C$0.40 to C$0.33 in a research report on Thursday, August 8th.

American Hotel Income Properties REIT Trading Up 13.4 %

The firm’s 50-day moving average is C$0.48 and its 200-day moving average is C$0.56. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 276.63. The firm has a market cap of C$43.58 million, a price-to-earnings ratio of -0.34 and a beta of 2.15.

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.