American Hotel Income Properties REIT (TSE:HOT.UN) Price Target Lowered to C$0.70 at Scotiabank

American Hotel Income Properties REIT (TSE:HOT.UN) had its price target reduced by Scotiabank from C$0.80 to C$0.70 in a research note released on Wednesday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

American Hotel Income Properties REIT Stock Down 3.8 %

Shares of TSE HOT.UN opened at C$0.51 on Wednesday. The stock has a 50-day moving average price of C$0.63 and a two-hundred day moving average price of C$0.61. American Hotel Income Properties REIT has a 12 month low of C$0.39 and a 12 month high of C$0.77. 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 has a market cap of C$40.41 million, a price-to-earnings ratio of -0.32 and a beta of 2.21.

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.