American Hotel Income Properties REIT LP (TSE:HOT.UN) Director Robert Francis O’neill bought 7,909 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of C$6.86 per share, with a total value of C$54,274.72. Following the purchase, the director now directly owns 645,300 shares in the company, valued at approximately C$4,428,306.72.

Shares of TSE HOT.UN traded up C$0.07 on Tuesday, reaching C$6.88. 205,110 shares of the company traded hands, compared to its average volume of 220,815. American Hotel Income Properties REIT LP has a fifty-two week low of C$5.80 and a fifty-two week high of C$9.30. The firm’s 50 day moving average is C$6.71. The company has a quick ratio of 0.41, a current ratio of 1.02 and a debt-to-equity ratio of 162.43. The company has a market capitalization of $523.40 million and a PE ratio of 86.00.

HOT.UN has been the subject of several analyst reports. National Bank Financial reissued a “sector perform” rating and issued a C$7.00 target price on shares of American Hotel Income Properties REIT in a research note on Monday. BMO Capital Markets cut their target price on shares of American Hotel Income Properties REIT from C$6.30 to C$5.75 in a research note on Tuesday, May 28th. Finally, CIBC cut their target price on shares of American Hotel Income Properties REIT from C$8.77 to C$8.10 in a research note on Thursday, May 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$7.06.

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.

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