American Hotel Income Properties REIT (TSE:HOT.UN) Trading Down 13.4%

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s stock price dropped 13.4% on Wednesday . The stock traded as low as C$0.57 and last traded at C$0.58. Approximately 110,576 shares traded hands during mid-day trading, an increase of 46% from the average daily volume of 75,545 shares. The stock had previously closed at C$0.67.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. CIBC cut American Hotel Income Properties REIT from a “neutral” rating to an “underperform” rating and dropped their target price for the company from C$0.75 to C$0.50 in a report on Thursday, February 29th. Royal Bank of Canada lowered their price target on shares of American Hotel Income Properties REIT from C$0.75 to C$0.70 and set a “sector perform” rating for the company in a report on Wednesday, March 6th.

American Hotel Income Properties REIT Trading Down 14.9 %

The company has a debt-to-equity ratio of 277.17, a current ratio of 0.56 and a quick ratio of 0.36. The stock has a market cap of C$45.05 million, a P/E ratio of -0.45 and a beta of 2.22. The stock’s 50-day moving average is C$0.65 and its two-hundred day moving average is C$0.81.

About American Hotel Income Properties REIT

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.