American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

American Hotel Income Properties REIT LP (TSE:HOT.UN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.46 and traded as high as C$0.51. American Hotel Income Properties REIT shares last traded at C$0.51, with a volume of 48,729 shares changing hands.

American Hotel Income Properties REIT Stock Performance

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 stock’s 50 day simple moving average is C$0.50 and its two-hundred day simple moving average is C$0.46. The stock has a market cap of C$39.46 million, a P/E ratio of -0.65 and a beta of -1.01.

American Hotel Income Properties REIT (TSE:HOT.UN) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.22) earnings per share for the quarter. American Hotel Income Properties REIT had a negative net margin of 34.67% and a negative return on equity of 34.11%. The company had revenue of C$50.56 million during the quarter. As a group, research analysts forecast that American Hotel Income Properties REIT LP will post 0.0406452 EPS for the current year.

About American Hotel Income Properties REIT

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. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.