Bruce Douglas Pittet Buys 40,000 Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) Stock

American Hotel Income Properties REIT LP (TSE:HOT.UN) Senior Officer Bruce Douglas Pittet acquired 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of C$0.50 per share, for a total transaction of C$20,141.28.

American Hotel Income Properties REIT Stock Down 2.0 %

HOT.UN traded down C$0.01 during trading on Wednesday, hitting C$0.49. The stock had a trading volume of 110,925 shares, compared to its average volume of 72,702. The company has a market capitalization of C$38.82 million, a PE ratio of -0.31 and a beta of 2.21. American Hotel Income Properties REIT LP has a twelve month low of C$0.39 and a twelve month high of C$0.95. The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. The stock has a 50 day simple moving average of C$0.61 and a two-hundred day simple moving average of C$0.55.

Wall Street Analyst Weigh In

Separately, Scotiabank lifted their price objective on shares of American Hotel Income Properties REIT from C$0.60 to C$0.80 in a report 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.