American Hotel Income Properties REIT (TSE:HOT.UN) Trading 14.5% Higher – Time to Buy?

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s share price was up 14.5% during trading on Tuesday . The company traded as high as C$0.72 and last traded at C$0.71. Approximately 152,171 shares were traded during trading, an increase of 106% from the average daily volume of 73,712 shares. The stock had previously closed at C$0.62.

Wall Street Analysts Forecast Growth

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

American Hotel Income Properties REIT Stock Performance

The firm has a market capitalization of C$53.88 million, a price-to-earnings ratio of -0.43 and a beta of 2.21. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 276.63. The stock’s 50-day moving average is C$0.56 and its 200-day moving average is C$0.55.

American Hotel Income Properties REIT Company Profile

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.