American Hotel Income Properties REIT (TSE:HOT.UN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.48 and traded as high as C$0.56. American Hotel Income Properties REIT shares last traded at C$0.55, with a volume of 113,408 shares.

American Hotel Income Properties REIT Price Performance

The company has a market capitalization of C$39.46 million, a PE ratio of -0.65 and a beta of -1.01. The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44. The stock has a 50 day moving average price of C$0.51 and a two-hundred day moving average price of C$0.48.

American Hotel Income Properties REIT (TSE:HOT.UN) last announced its quarterly earnings results on Friday, May 15th. The company reported C($0.22) EPS 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 firm had revenue of C$50.56 million during the quarter. Equities analysts forecast that American Hotel Income Properties REIT LP will post 0.0406452 earnings per share 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.