American Hotel Income Properties REIT (TSE:HOT.UN) Price Target Cut to C$4.00

American Hotel Income Properties REIT (TSE:HOT.UN – Get Rating) had its price objective lowered by Royal Bank of Canada from C$4.25 to C$4.00 in a report issued on Friday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

HOT.UN has been the topic of a number of other research reports. National Bankshares raised their target price on 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. Scotiabank dropped their target price on American Hotel Income Properties REIT from C$5.00 to C$4.75 in a report on Thursday. Finally, TD Securities dropped their target price on American Hotel Income Properties REIT from C$4.75 to C$4.00 and set a buy rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of C$4.72.

Shares of TSE:HOT.UN opened at C$3.77 on Friday. American Hotel Income Properties REIT has a 52-week low of C$3.40 and a 52-week high of C$4.84. 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 business’s 50 day simple moving average is C$4.03 and its two-hundred day simple moving average is C$4.05. The firm has a market cap of C$296.79 million and a P/E ratio of -14.56.

The firm also recently declared a monthly dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 15th were given a dividend of $0.015 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Wednesday, March 30th.

American Hotel Income Properties REIT Company Profile (Get Rating)

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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