American Hotel Income Properties REIT (TSE:HOT.UN) Share Price Passes Below Two Hundred Day Moving Average of $3.96

American Hotel Income Properties REIT LP (TSE:HOT.UNGet Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$3.96 and traded as low as C$3.35. American Hotel Income Properties REIT shares last traded at C$3.39, with a volume of 112,348 shares traded.

HOT.UN has been the topic of several research reports. National Bankshares dropped their price objective on shares of American Hotel Income Properties REIT from C$5.00 to C$4.75 and set a “sector perform” rating on the stock in a research note on Wednesday, May 18th. Scotiabank dropped 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, May 12th. Royal Bank of Canada dropped 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 on the stock in a research note on Friday, May 13th. Finally, TD Securities dropped their price objective on shares of American Hotel Income Properties REIT from C$4.75 to C$4.00 and set a “buy” rating on the stock in a research note on Thursday, May 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$4.69.

The company has a debt-to-equity ratio of 200.78, a current ratio of 0.75 and a quick ratio of 0.30. The firm’s 50 day moving average is C$3.81 and its two-hundred day moving average is C$3.96. The firm has a market capitalization of C$266.95 million and a P/E ratio of -33.90.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 15th will be paid a $0.015 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Monday, May 30th. American Hotel Income Properties REIT’s dividend payout ratio (DPR) is presently -30.00%.

American Hotel Income Properties REIT Company Profile (TSE:HOT.UN)

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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