American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Crosses Below 200-Day Moving Average of $0.92

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.92 and traded as low as C$0.52. American Hotel Income Properties REIT shares last traded at C$0.52, with a volume of 29,212 shares traded.

Analyst Ratings Changes

HOT.UN has been the topic of a number of recent research reports. Royal Bank of Canada cut their price objective on American Hotel Income Properties REIT from C$0.75 to C$0.70 and set a “sector perform” rating on the stock in a research report on Wednesday, March 6th. CIBC lowered American Hotel Income Properties REIT from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from C$0.75 to C$0.50 in a research report on Thursday, February 29th.

American Hotel Income Properties REIT Price Performance

The stock has a market cap of C$41.10 million, a PE ratio of -0.41 and a beta of 2.22. The firm has a fifty day moving average of C$0.72 and a 200 day moving average of C$0.91. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 277.17.

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.