American Hotel Income Properties REIT (TSE:HOT.UN – Get Rating) had its target price lowered by research analysts at Scotiabank from C$5.00 to C$4.75 in a research note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 25.99% from the stock’s previous close.
Other analysts have also recently issued reports about the company. TD Securities decreased their price objective 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. National Bankshares upped their price objective on American Hotel Income Properties REIT from C$4.50 to C$5.00 and gave the stock a “sector perform” rating in a report on Thursday, March 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$4.72.
Shares of HOT.UN opened at C$3.77 on Thursday. The stock has a market capitalization of C$296.79 million and a price-to-earnings ratio of -14.56. American Hotel Income Properties REIT has a 1 year low of C$3.40 and a 1 year high of C$4.84. The business’s 50 day simple moving average is C$4.03 and its 200-day simple moving average is C$4.05. The company has a debt-to-equity ratio of 197.68, a current ratio of 0.66 and a quick ratio of 0.22.
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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