American Hotel Income Properties REIT (TSE:HOT.UN) Shares Down 7.4% – Here’s Why

American Hotel Income Properties REIT LP (TSE:HOT.UN) shares were down 7.4% on Friday. The stock traded as low as C$0.63 and last traded at C$0.63. 183,295 shares were traded during trading, an increase of 176% from the average session volume of 66,304 shares. The stock had previously closed at C$0.68.

American Hotel Income Properties REIT Stock Performance

The stock has a market capitalization of C$39.97 million, a P/E ratio of -0.77 and a beta of -1.07. 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 company has a 50-day moving average price of C$0.54 and a two-hundred day moving average price of C$0.52.

American Hotel Income Properties REIT (TSE:HOT.UN) last issued its earnings results on Thursday, August 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$44.18 million for the quarter. American Hotel Income Properties REIT had a negative net margin of 34.67% and a negative return on equity of 34.11%. On average, equities analysts forecast that American Hotel Income Properties REIT LP will post 0.0406452 earnings per share for the current year.

About American Hotel Income Properties REIT

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company’s primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.