Insider Buying: American Hotel Income Properties REIT LP (TSE:HOT.UN) Director Buys C$16,960.00 in Stock

American Hotel Income Properties REIT LP (TSE:HOT.UN) Director Josef Vejvoda bought 26,500 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of C$0.64 per share, for a total transaction of C$16,960.00.

American Hotel Income Properties REIT Stock Performance

Shares of TSE:HOT.UN traded up C$0.09 during trading on Tuesday, hitting C$0.71. 214,767 shares of the stock were exchanged, compared to its average volume of 74,560. The company’s fifty day simple moving average is C$0.56 and its 200-day simple moving average is C$0.54. The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. The company has a market capitalization of C$56.25 million, a price-to-earnings ratio of -0.45 and a beta of 2.21. American Hotel Income Properties REIT LP has a 1-year low of C$0.39 and a 1-year high of C$0.95.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted their price objective on shares of American Hotel Income Properties REIT from C$0.60 to C$0.80 in a report on Tuesday, November 12th.

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.