American Hotel Income Properties REIT LP (TSE:HOT.UN) Receives C$3.64 Average PT from Analysts

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$3.64.

Several analysts recently commented on the stock. Canaccord Genuity upped their price target on shares of American Hotel Income Properties REIT to C$4.50 and gave the company a “na” rating in a research report on Friday, March 12th. TD Securities upgraded shares of American Hotel Income Properties REIT from a “hold” rating to a “buy” rating and upped their price target for the company from C$3.00 to C$4.00 in a research report on Friday, March 12th. National Bankshares upped their price target on shares of American Hotel Income Properties REIT from C$3.50 to C$4.25 and gave the company a “sector perform” rating in a research report on Monday, March 15th. Scotiabank set a C$3.50 price target on shares of American Hotel Income Properties REIT in a research report on Monday, February 1st. Finally, CIBC reiterated a “na” rating and issued a C$3.25 price target on shares of American Hotel Income Properties REIT in a research report on Friday, March 12th.

Shares of American Hotel Income Properties REIT stock traded down C$0.01 during trading hours on Friday, hitting C$3.95. The company had a trading volume of 90,273 shares, compared to its average volume of 161,042. The company’s 50-day moving average is C$4.03 and its two-hundred day moving average is C$3.29. American Hotel Income Properties REIT has a twelve month low of C$2.00 and a twelve month high of C$4.70. The company has a debt-to-equity ratio of 227.51, a current ratio of 0.71 and a quick ratio of 0.40. The company has a market cap of C$310.01 million and a P/E ratio of -3.71.

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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