Scotiabank Issues Pessimistic Forecast for American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price

American Hotel Income Properties REIT (TSE:HOT.UN) had its price target lowered by Scotiabank from C$0.80 to C$0.70 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price suggests a potential upside of 40.00% from the company’s current price.

American Hotel Income Properties REIT Price Performance

TSE HOT.UN traded down C$0.03 during mid-day trading on Wednesday, hitting C$0.50. The stock had a trading volume of 21,278 shares, compared to its average volume of 60,516. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36. American Hotel Income Properties REIT has a twelve month low of C$0.39 and a twelve month high of C$0.77. The firm’s 50 day moving average is C$0.63 and its 200 day moving average is C$0.61. The stock has a market capitalization of C$39.62 million, a price-to-earnings ratio of -0.31 and a beta of 2.21.

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.