American Hotel Income Properties REIT (TSE:HOT.UN) Given New C$0.33 Price Target at CIBC

American Hotel Income Properties REIT (TSE:HOT.UN) had its price target trimmed by CIBC from C$0.40 to C$0.33 in a report published on Thursday, BayStreet.CA reports.

American Hotel Income Properties REIT Price Performance

Shares of TSE HOT.UN remained flat at C$0.45 during mid-day trading on Thursday. 31,681 shares of the stock traded hands, compared to its average volume of 66,087. The company has a market capitalization of C$35.23 million, a P/E ratio of -0.31 and a beta of 2.16. American Hotel Income Properties REIT has a 52-week low of C$0.44 and a 52-week high of C$2.38. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36. The business has a 50-day moving average of C$0.51 and a 200-day moving average of C$0.63.

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.