American Hotel Income Properties REIT LP (TSE: HOT.UN) Receives Average Recommendation of “Hold” from Analysts


Shares of American Hotel Income Properties REIT LP (TSE: HOT.UN – Get Rating) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C $ 4.69.

Several equities research analysts have recently weighed in on HOT.UN shares. National Bankshares cut their target price on American Hotel Income Properties REIT from C $ 5.00 to C $ 4.75 and set a “sector perform” rating on the stock in a research report on Wednesday, May 18th. Scotiabank cut their target price on American Hotel Income Properties REIT from C $ 5.00 to C $ 4.75 in a research report on Thursday, May 12th. TD Securities cut their price target on American Hotel Income Properties REIT from C $ 4.75 to C $ 4.00 and set a “buy” rating on the stock in a research report on Thursday, May 12th. Finally, Royal Bank of Canada cut their price target on American Hotel Income Properties REIT from C $ 4.25 to C $ 4.00 and set a “sector perform” rating on the stock in a research report on Friday, May 13th.

Shares of TSE HOT.UN opened at C $ 3.82 on Friday. The company has a debt-to-equity ratio of 200.78, a quick ratio of 0.30 and a current ratio of 0.75. American Hotel Income Properties REIT has a fifty-two week low of C $ 3.40 and a fifty-two week high of C $ 4.84. The firm has a market capitalization of C $ 300.81 million and a PE ratio of -37.09. The stock’s 50-day simple moving average is C $ 3.93 and its 200-day simple moving average is C $ 4.01.

The business also recently announced a monthly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 15th will be paid a $ 0.015 dividend. The ex-dividend date is Monday, May 30th. This represents a $ 0.18 annualized dividend and a dividend yield of 4.71%. American Hotel Income Properties REIT’s dividend payout ratio (DPR) is currently -29.13%.

About American Hotel Income Properties REIT (Get Rating)

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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Analyst Recommendations for American Hotel Income Properties REIT (TSE: HOT.UN)



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