Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.92 and traded as low as C$0.52. American Hotel Income Properties REIT shares last traded at C$0.52, with a volume of 29,212 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on HOT.UN. CIBC downgraded shares of American Hotel Income Properties REIT from a “neutral” rating to an “underperform” rating and dropped their price target for the company from C$0.75 to C$0.50 in a research note on Thursday, February 29th. Royal Bank of Canada dropped their price target on shares of American Hotel Income Properties REIT from C$0.75 to C$0.70 and set a “sector perform” rating for the company in a research note on Wednesday, March 6th.
Check Out Our Latest Stock Analysis on American Hotel Income Properties REIT
American Hotel Income Properties REIT Price Performance
American Hotel Income Properties REIT Company Profile
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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