American Hotel Income Properties REIT (TSE:HOT.UN) Stock Crosses Above 200-Day Moving Average – Time to Sell?

American Hotel Income Properties REIT LP (TSE:HOT.UN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.56 and traded as high as C$0.65. American Hotel Income Properties REIT shares last traded at C$0.63, with a volume of 77,321 shares trading hands.

Analyst Ratings Changes

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

American Hotel Income Properties REIT Price Performance

The company has a 50 day simple moving average of C$0.57 and a 200 day simple moving average of C$0.56. 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$49.91 million, a price-to-earnings ratio of -0.40 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.