Insider Buying: American Hotel Income Properties REIT LP (TSE:HOT.UN) Director Purchases 32,500 Shares of Stock

American Hotel Income Properties REIT LP (TSE:HOT.UN) Director Charles Van Der Lee acquired 32,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of C$0.55 per share, with a total value of C$18,014.75.

American Hotel Income Properties REIT Price Performance

HOT.UN stock traded up C$0.01 during midday trading on Thursday, reaching C$0.53. 81,850 shares of the stock were exchanged, compared to its average volume of 72,329. The stock has a market capitalization of C$41.99 million, a PE ratio of -0.33 and a beta of 2.21. American Hotel Income Properties REIT LP has a 52 week low of C$0.39 and a 52 week high of C$0.95. 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 company has a fifty day moving average price of C$0.62 and a 200 day moving average price of C$0.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HOT.UN. CIBC decreased their price target on American Hotel Income Properties REIT from C$0.40 to C$0.33 in a research note on Thursday, August 8th. Scotiabank lifted their price target on American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research note on Tuesday, November 12th.

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.