American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Up 19.6% – Should You Buy?

American Hotel Income Properties REIT LP (TSE:HOT.UN) traded up 19.6% during trading on Thursday . The stock traded as high as C$0.67 and last traded at C$0.67. Approximately 506,514 shares changed hands during trading, an increase of 714% from the average session volume of 62,248 shares. The stock had previously closed at C$0.56.

American Hotel Income Properties REIT Stock Performance

The business has a 50-day moving average price of C$0.54 and a 200-day moving average price of C$0.52. 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 firm has a market capitalization of C$46.40 million, a price-to-earnings ratio of -0.89 and a beta of -1.07.

American Hotel Income Properties REIT (TSE:HOT.UN) last announced its earnings results on Thursday, August 6th. The company reported C$0.01 earnings per share for the quarter. American Hotel Income Properties REIT had a negative return on equity of 34.11% and a negative net margin of 34.67%.The firm had revenue of C$44.18 million for the quarter. As a group, sell-side analysts forecast that American Hotel Income Properties REIT LP will post 0.0406452 earnings per share for the current year.

About American Hotel Income Properties REIT

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company’s primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.