American Hotel Income Properties REIT (TSE:HOT.UN) Stock Passes Above 200 Day Moving Average – Should You Sell?

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.60 and traded as high as C$0.68. American Hotel Income Properties REIT shares last traded at C$0.65, with a volume of 36,401 shares trading hands.

Analysts Set New Price Targets

Separately, Scotiabank raised 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 Down 4.4 %

The stock has a 50 day moving average price of C$0.66 and a 200-day moving average price of C$0.60. The stock has a market capitalization of C$51.50 million, a P/E ratio of -0.41 and a beta of 2.21. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36.

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.