American Hotel Income Properties REIT (TSE:HOT.UN – Get a rating) had its target price reduced by the Royal Bank of Canada from CA$4.25 to CA$4.00 in a research report released Friday to customers and investors, BayStreet.CA reports. The brokerage currently has an “industry performance” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 6.38% from the stock’s previous close.
A number of other brokerages have also recently commented on HOT.UN. TD Securities cut its price target on American Hotel Income Properties REIT shares from C$4.75 to C$4.00 and set a “buy” rating on the stock in a research note Thursday. National Bankshares raised its price target on American Hotel Income Properties REIT from C$4.50 to C$5.00 and gave the stock an “sector performance” rating in a Thursday, March 10 research note. Finally, Scotiabank lowered its price target on American Hotel Income Properties REIT from C$5.00 to C$4.75 in a report released Thursday. Four equity research analysts gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$4.72.
TSE:HOT.UN traded at C$0.06 during Friday’s midday session, rising to C$3.76. The company’s shares had a trading volume of 43,189 shares, compared to an average volume of 151,200. The company has a debt ratio of 197.68, a current ratio of 0.66 and a quick ratio of 0, 22. The stock has a market capitalization of C$296.00 million and a P/E ratio of -14.56. The company’s fifty-day simple moving average is C$4.05 and its two-hundred-day simple moving average is C$4.06. American Hotel Income Properties REIT has a 12-month low of CA$3.40 and a 12-month high of CA$4.84.
Company Profile American Hotel Income Properties REIT (Get a 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 primarily in the United States -United. AHIP currently has 112 hotels and is working to grow its portfolio of premium, serviced hotels in larger secondary markets that have diversified and stable demand.
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