Insider Buying: American Hotel Income Properties REIT LP (TSE:HOT.UN) Senior Officer Purchases C$11,200.00 in Stock

American Hotel Income Properties REIT LP (TSE:HOT.UN) Senior Officer Jonathan Bruce Korol acquired 20,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of C$0.56 per share, for a total transaction of C$11,200.00.

American Hotel Income Properties REIT Stock Performance

TSE:HOT.UN opened at C$0.50 on Friday. The stock has a market capitalization of C$39.62 million, a P/E ratio of -0.31 and a beta of 2.21. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 276.63. American Hotel Income Properties REIT LP has a 1 year low of C$0.39 and a 1 year high of C$0.95. The firm has a 50 day moving average of C$0.62 and a 200-day moving average of C$0.55.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upped their price target on American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research report on Tuesday, November 12th.

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.