American Hotel Income Properties REIT (TSE:HOT.UN) Price Target Raised to C$0.80 at Scotiabank

American Hotel Income Properties REIT (TSE:HOT.UN) had its target price hoisted by Scotiabank from C$0.60 to C$0.80 in a report issued on Tuesday morning,BayStreet.CA reports.

Separately, CIBC lowered their price objective 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 Stock Performance

TSE:HOT.UN opened at C$0.64 on Tuesday. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36. The firm has a market cap of C$50.71 million, a price-to-earnings ratio of -0.40 and a beta of 2.21. The firm’s fifty day moving average price is C$0.62 and its 200 day moving average price is C$0.56. American Hotel Income Properties REIT has a 1-year low of C$0.39 and a 1-year high of C$0.95.

Insider Buying and Selling

In related news, Director John Christopher O’neill purchased 200,000 shares of American Hotel Income Properties REIT stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of C$0.59 per share, for a total transaction of C$118,520.00. 3.62% of the stock is owned by insiders.

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.