Insider Buying: American Hotel Income Properties REIT LP (TSE:HOT.UN) Senior Officer Purchases 5,000 Shares of Stock

American Hotel Income Properties REIT LP (TSE:HOT.UN – Get Rating) Senior Officer Bruce Douglas Pittet acquired 5,000 shares of the stock in a transaction dated Friday, May 13th. The shares were purchased at an average cost of C$3.82 per share, with a total value of C$19,110.00. Following the completion of the purchase, the insider now owns 72,472 shares of the company’s stock, valued at approximately C$276,987.98.

Shares of TSE HOT.UN traded up C$0.07 on Friday, reaching C$3.77. 51,659 shares of the company’s stock traded hands, compared to its average volume of 151,328. American Hotel Income Properties REIT LP has a 12 month low of C$3.40 and a 12 month high of C$4.84. 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 company has a market cap of C$296.79 million and a price-to-earnings ratio of -14.56. The company has a quick ratio of 0.22, a current ratio of 0.66 and a debt-to-equity ratio of 197.68.

The company also recently declared a monthly dividend, which was paid on Friday, April 15th. Stockholders of record on Friday, April 15th were issued 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.

Several equities analysts have recently commented on HOT.UN shares. Scotiabank lowered their price objective on shares of American Hotel Income Properties REIT from C$5.00 to C$4.75 in a research note on Thursday. Royal Bank of Canada lowered their price objective on shares of American Hotel Income Properties REIT from C$4.25 to C$4.00 and set a “sector perform” rating for the company in a research note on Friday. TD Securities lowered their price objective on shares of American Hotel Income Properties REIT from C$4.75 to C$4.00 and set a “buy” rating for the company in a research note on Thursday. Finally, National Bankshares increased their price target on shares of American Hotel Income Properties REIT from C$4.50 to C$5.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$4.72.

About American Hotel Income Properties REIT (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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