American Hotel Income Properties REIT (TSE:HOT.UN) Trading 20% Higher – Should You Buy?

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) rose 20% during mid-day trading on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.36. Approximately 335,536 shares traded hands during trading, an increase of 525% from the average daily volume of 53,673 shares. The stock had previously closed at C$0.30.

American Hotel Income Properties REIT Trading Up 20.0%

The firm has a market capitalization of C$26.96 million, a price-to-earnings ratio of -0.31 and a beta of -0.82. The business’s fifty day moving average is C$0.36 and its 200 day moving average is C$0.42. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 276.63.

American Hotel Income Properties REIT (TSE:HOT.UN) last announced its earnings results on Friday, November 7th. The company reported C($0.34) earnings per share for the quarter. The company had revenue of C$66.24 million during the quarter. American Hotel Income Properties REIT had a negative return on equity of 34.11% and a negative net margin of 34.67%. Equities analysts predict that American Hotel Income Properties REIT LP will post 0.0406452 earnings per share for the current year.

American Hotel Income Properties REIT Company Profile

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company’s primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue.