American Hotel Income Properties REIT (TSE:HOT.UN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

American Hotel Income Properties REIT LP (TSE:HOT.UN) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.61 and traded as low as C$0.54. American Hotel Income Properties REIT shares last traded at C$0.58, with a volume of 32,900 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered their price objective on American Hotel Income Properties REIT from C$0.80 to C$0.70 and set a “sector perform” rating for the company in a research note on Wednesday.

American Hotel Income Properties REIT Price Performance

The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. The stock has a market capitalization of C$40.41 million, a price-to-earnings ratio of -0.32 and a beta of 2.21. The business’s 50 day simple moving average is C$0.63 and its 200-day simple moving average is C$0.61.

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.