American Hotel Income Properties REIT (TSE:HOT.UN) PT Lowered to C$2.25 at Scotiabank

American Hotel Income Properties REIT (TSE:HOT.UN) had its target price lowered by Scotiabank from C$4.50 to C$2.25 in a research note issued to investors on Monday morning, BayStreet.CA reports.

Other research analysts have also issued research reports about the stock. National Bank Financial restated a sector perform rating and set a C$4.00 target price on shares of American Hotel Income Properties REIT in a research report on Thursday, March 12th. Royal Bank of Canada decreased their target price on shares of American Hotel Income Properties REIT from C$7.31 to C$6.65 and set a sector perform rating on the stock in a research report on Monday, December 2nd. TD Securities lowered shares of American Hotel Income Properties REIT from a buy rating to a hold rating and decreased their target price for the stock from C$6.00 to C$3.00 in a research report on Friday, March 13th. Finally, CIBC set a C$3.00 target price on shares of American Hotel Income Properties REIT in a research report on Monday.

Shares of TSE:HOT.UN opened at C$2.24 on Monday. The company’s 50 day moving average price is C$5.23 and its two-hundred day moving average price is C$6.44. American Hotel Income Properties REIT has a 12-month low of C$2.59 and a 12-month high of C$7.49. The firm has a market cap of $175.01 million and a PE ratio of -25.17. The company has a quick ratio of 0.57, a current ratio of 1.12 and a debt-to-equity ratio of 183.24.

In other news, Director William Michael Murphy purchased 5,000 shares of American Hotel Income Properties REIT stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of C$7.13 per share, for a total transaction of C$35,637.36. Following the transaction, the director now owns 42,500 shares of the company’s stock, valued at approximately C$302,917.56.

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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