TD Securities Trims American Hotel Income Properties REIT (TSE:HOT.UN) Target Price to C$1.50

American Hotel Income Properties REIT (TSE:HOT.UN) had its target price reduced by TD Securities from C$3.00 to C$1.50 in a research report released on Tuesday, BayStreet.CA reports. They currently have a hold rating on the stock.

HOT.UN has been the subject of several other reports. Scotiabank decreased their price objective on American Hotel Income Properties REIT from C$4.50 to C$2.25 in a report on Monday. Royal Bank of Canada decreased their price objective on American Hotel Income Properties REIT from C$7.31 to C$6.65 and set a sector perform rating for the company in a report on Monday, December 2nd. CIBC set a C$3.00 price objective on American Hotel Income Properties REIT in a report on Monday. National Bank Financial restated a sector perform rating and issued a C$4.00 price objective on shares of American Hotel Income Properties REIT in a report on Thursday, March 12th. Finally, Canaccord Genuity set a C$2.00 price objective on American Hotel Income Properties REIT in a report on Monday.

HOT.UN stock opened at C$2.24 on Tuesday. The company has a debt-to-equity ratio of 183.24, a current ratio of 1.12 and a quick ratio of 0.57. The business has a 50-day moving average price of C$5.23 and a 200 day moving average price of C$6.44. The company has a market capitalization of $175.01 million and a P/E ratio of -25.17. American Hotel Income Properties REIT has a 1-year low of C$2.59 and a 1-year high of C$7.49.

In other news, Director William Michael Murphy bought 5,000 shares of American Hotel Income Properties REIT stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of C$7.13 per share, for a total transaction of C$35,637.36. Following the completion of the acquisition, 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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