American Hotel Income Properties REIT (TSE:HOT.UN – Get Rating) had its target price decreased by analysts at TD Securities from C$4.75 to C$4.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 6.10% from the company’s current price.
Separately, National Bankshares upped their price objective on shares of American Hotel Income Properties REIT from C$4.50 to C$5.00 and gave the company a “sector perform” rating in a report on Thursday, March 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$4.72.
Shares of TSE:HOT.UN opened at C$3.77 on Thursday. The company’s 50-day moving average is C$4.03 and its 200 day moving average is C$4.05. The company has a debt-to-equity ratio of 197.68, a quick ratio of 0.22 and a current ratio of 0.66. The company has a market capitalization of C$296.79 million and a P/E ratio of -14.56. American Hotel Income Properties REIT has a fifty-two week low of C$3.40 and a fifty-two week high of C$4.84.
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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