National Bank Financial restated their sector perform rating on shares of American Hotel Income Properties REIT (TSE:HOT.UN) in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has a C$7.00 target price on the stock.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets cut their price objective on American Hotel Income Properties REIT from C$6.30 to C$5.75 in a research report on Tuesday, May 28th. CIBC cut their price objective on American Hotel Income Properties REIT from C$8.77 to C$8.10 in a research report on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. American Hotel Income Properties REIT currently has an average rating of Hold and a consensus target price of C$7.06.
Shares of TSE:HOT.UN opened at C$6.66 on Monday. American Hotel Income Properties REIT has a one year low of C$5.80 and a one year high of C$9.30. The stock has a fifty day moving average of C$6.71 and a 200-day moving average of C$6.96. The company has a market capitalization of $523.40 million and a PE ratio of 83.25. The company has a debt-to-equity ratio of 162.43, a quick ratio of 0.41 and a current ratio of 1.02.
In related news, Director Robert Francis O’neill acquired 7,909 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of C$6.86 per share, for a total transaction of C$54,274.72. Following the transaction, the director now owns 645,300 shares of the company’s stock, valued at C$4,428,306.72.
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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