American Hotel Income Properties REIT (TSE:HOT.UN) Stock Crosses Below 200 Day Moving Average – Time to Sell?

American Hotel Income Properties REIT LP (TSE:HOT.UN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.56 and traded as low as C$0.46. American Hotel Income Properties REIT shares last traded at C$0.47, with a volume of 18,247 shares.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered their target price on shares of American Hotel Income Properties REIT from C$0.80 to C$0.70 and set a “sector perform” rating on the stock in a research note on Wednesday, April 2nd.

American Hotel Income Properties REIT Stock Performance

The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 276.63. The company’s fifty day moving average is C$0.50 and its 200 day moving average is C$0.56. The company has a market cap of C$37.24 million, a P/E ratio of -0.30 and a beta of 2.21.

American Hotel Income Properties REIT Company Profile

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company’s primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue.