American Hotel Income Properties REIT (TSE:HOT.UN) Share Price Crosses Below 200 Day Moving Average – Here’s Why

American Hotel Income Properties REIT LP (TSE:HOT.UN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.54 and traded as low as C$0.53. American Hotel Income Properties REIT shares last traded at C$0.58, with a volume of 100,475 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank increased 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.

American Hotel Income Properties REIT Stock Performance

The firm has a market cap of C$49.91 million, a PE ratio of -0.40 and a beta of 2.21. The firm’s 50 day simple moving average is C$0.56 and its 200 day simple moving average is C$0.54. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 276.63.

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.