David Travis Beatty Acquires 40,000 Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) Stock

American Hotel Income Properties REIT LP (TSE:HOT.UN) Senior Officer David Travis Beatty acquired 40,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of C$0.50 per share, with a total value of C$19,888.00.

American Hotel Income Properties REIT Trading Up 2.0 %

American Hotel Income Properties REIT stock opened at C$0.50 on Wednesday. The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. The stock has a 50-day simple moving average of C$0.61 and a 200 day simple moving average of C$0.55. The stock has a market capitalization of C$39.62 million, a P/E ratio of -0.31 and a beta of 2.21. American Hotel Income Properties REIT LP has a 52 week low of C$0.39 and a 52 week high of C$0.95.

Analyst Ratings Changes

Separately, Scotiabank raised their target price on shares of American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research note on Tuesday, November 12th.

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.