American Hotel Income Properties REIT LP (TSE:HOT.UN) Director Robert Francis O’neill purchased 7,909 shares of American Hotel Income Properties REIT stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average cost 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 in the company, valued at approximately C$4,428,306.72.
Shares of TSE HOT.UN opened at C$6.66 on Friday. The firm has a market cap of $523.40 million and a price-to-earnings ratio of 83.25. The company has a quick ratio of 0.41, a current ratio of 1.02 and a debt-to-equity ratio of 162.43. American Hotel Income Properties REIT LP has a 52-week low of C$5.80 and a 52-week high of C$9.30. The business’s 50 day moving average is C$6.71 and its two-hundred day moving average is C$6.96.
A number of analysts have issued reports on the company. CIBC cut their target price on American Hotel Income Properties REIT from C$8.77 to C$8.10 in a research report on Thursday, May 9th. National Bank Financial reissued a “sector perform” rating and issued a C$7.00 target price on shares of American Hotel Income Properties REIT in a research report on Monday. Finally, BMO Capital Markets cut their target price on American Hotel Income Properties REIT from C$6.30 to C$5.75 in a research report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$7.06.
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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