American Hotel Income Properties REIT (TSE:HOT.UN) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

American Hotel Income Properties REIT LP (TSE:HOT.UN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.59 and traded as high as C$0.65. American Hotel Income Properties REIT shares last traded at C$0.64, with a volume of 28,391 shares traded.

Analyst Upgrades and Downgrades

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

American Hotel Income Properties REIT Price Performance

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$50.71 million, a P/E ratio of -0.40 and a beta of 2.21. The company has a fifty day moving average price of C$0.63 and a two-hundred day moving average price of C$0.59.

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.