American Hotel Income Properties REIT (TSE:HOT.UN) Trading Up 20% – Here’s What Happened

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) were up 20% during trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.36. Approximately 335,536 shares changed hands during mid-day trading, an increase of 525% from the average daily volume of 53,673 shares. The stock had previously closed at C$0.30.

American Hotel Income Properties REIT Trading Up 20.0%

The business’s 50-day simple moving average is C$0.36 and its two-hundred day simple moving average is C$0.42. 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 market capitalization of C$26.96 million, a PE ratio of -0.31 and a beta of -0.82.

American Hotel Income Properties REIT (TSE:HOT.UN) last announced its earnings results on Friday, November 7th. The company reported C($0.34) earnings per share (EPS) for the quarter. American Hotel Income Properties REIT had a negative return on equity of 34.11% and a negative net margin of 34.67%.The business had revenue of C$66.24 million for the quarter. On average, 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.