American Hotel Income Properties REIT LP (TSE:HOT.UN – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.92 and traded as low as C$0.52. American Hotel Income Properties REIT shares last traded at C$0.52, with a volume of 29,212 shares.
Analyst Upgrades and Downgrades
HOT.UN has been the topic of several research reports. CIBC downgraded American Hotel Income Properties REIT from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from C$0.75 to C$0.50 in a report on Thursday, February 29th. Royal Bank of Canada reduced their price objective on American Hotel Income Properties REIT from C$0.75 to C$0.70 and set a “sector perform” rating on the stock in a report on Wednesday, March 6th.
Read Our Latest Stock Report on HOT.UN
American Hotel Income Properties REIT Price Performance
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.
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