American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.57 and traded as high as C$0.73. American Hotel Income Properties REIT shares last traded at C$0.73, with a volume of 65,813 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised their price objective on American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research note on Tuesday, November 12th.

American Hotel Income Properties REIT Stock Performance

The firm has a 50-day moving average of C$0.59 and a two-hundred day moving average of C$0.57. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 276.63. The company has a market capitalization of C$57.84 million, a PE ratio of -0.46 and a beta of 2.21.

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.