American Hotel Income Properties REIT (TSE:HOT.UN) Shares Up 13.8% – Here’s What Happened

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) traded up 13.8% on Monday . The company traded as high as C$0.55 and last traded at C$0.54. 249,503 shares were traded during mid-day trading, an increase of 301% from the average session volume of 62,221 shares. The stock had previously closed at C$0.47.

American Hotel Income Properties REIT Stock Performance

The stock has a market capitalization of C$36.63 million, a PE ratio of -0.53 and a beta of -0.93. 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 firm’s 50 day moving average is C$0.47 and its two-hundred day moving average is C$0.43.

American Hotel Income Properties REIT (TSE:HOT.UN) last issued its quarterly earnings results on Tuesday, March 31st. The company reported C($0.27) EPS for the quarter. The business had revenue of C$52.59 million during the quarter. American Hotel Income Properties REIT had a negative net margin of 34.67% and a negative return on equity of 34.11%. As a group, research analysts predict 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.