American Hotel Income Properties REIT LP (TSE:HOT.UN) Senior Officer Acquires C$20,141.28 in Stock

American Hotel Income Properties REIT LP (TSE:HOT.UN) Senior Officer Bruce Douglas Pittet purchased 40,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of C$0.50 per share, with a total value of C$20,141.28.

American Hotel Income Properties REIT Stock Performance

Shares of HOT.UN stock opened at C$0.49 on Friday. The stock has a fifty day moving average price of C$0.60 and a 200 day moving average price of C$0.55. 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 cap of C$38.82 million, a PE ratio of -0.31 and a beta of 2.21. American Hotel Income Properties REIT LP has a 1 year low of C$0.39 and a 1 year high of C$0.95.

Analysts Set New Price Targets

Separately, Scotiabank upped their target price on shares of American Hotel Income Properties REIT from C$0.60 to C$0.80 in a research report on Tuesday, November 12th.

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.