American Hotel Income Properties REIT LP (TSE:HOT.UN – Get Rating) Senior executive Bruce Douglas Pittet bought 5,000 shares of the company in a trade on Friday, May 13. The shares were acquired at an average price of CA$3.82 per share, with a total value of CA$19,110.00. Following the completion of the acquisition, the insider now owns 72,472 shares of the company, valued at approximately C$276,987.98.
TSE:HOT.UN traded C$0.07 on Friday, reaching C$3.77. The stock recorded trading volume of 51,659 shares, compared to an average trading volume of 151,328 shares. The company has a debt ratio of 197.68, a quick ratio of 0.22 and a current ratio of 0.66. The stock has a market capitalization of C$296.79 million and a P/E ratio of -14.56. American Hotel Income Properties REIT LP has a 1-year low of CA$3.40 and a 1-year high of CA$4.84. The company’s fifty-day simple moving average is C$4.03 and its two-hundred-day simple moving average is C$4.05.
The company also recently declared a monthly dividend, which was paid on Friday, April 15. Shareholders of record on Friday, April 15 received a dividend of $0.015 per share. The ex-dividend date was Wednesday, March 30. This represents an annualized dividend of $0.18 and a dividend yield of 4.77%.
A number of research companies have recently published reports on HOT.UN. Scotiabank cut its price target on American Hotel Income Properties REIT shares from C$5.00 to C$4.75 in a research report released Thursday. TD Securities lowered its price target on American Hotel Income Properties REIT shares from C$4.75 to C$4.00 and set a “buy” rating for the stock in a research report Thursday. Royal Bank of Canada lowered its price target on American Hotel Income Properties REIT shares from C$4.25 to C$4.00 and set a “sector performance” rating on the stock in a report search Friday. Finally, National Bankshares raised its price target on American Hotel Income Properties REIT shares from C$4.50 to C$5.00 and gave the company an “industry performance” rating in a report. research on Thursday, March 10. Four investment analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat, American Hotel Income Properties REIT currently has a consensus rating of “Hold” and an average target price of C$4.72.
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 upscale, select-service hotels in larger secondary markets that have diversified and stable demand.
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