American Hotel Income Properties REIT (TSE:HOT.UN) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$0.54 and traded as high as C$0.56. American Hotel Income Properties REIT shares last traded at C$0.56, with a volume of 27,360 shares traded.

American Hotel Income Properties REIT Price Performance

The firm has a market cap of C$38.55 million, a P/E ratio of -0.74 and a beta of -1.93. The firm’s fifty day simple moving average is C$0.54 and its 200 day simple moving average is C$0.52. The company has a debt-to-equity ratio of 276.63, a quick ratio of 0.36 and a current ratio of 0.44.

American Hotel Income Properties REIT (TSE:HOT.UN) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$44.18 million for the quarter. American Hotel Income Properties REIT had a negative return on equity of 34.11% and a negative net margin of 34.67%. As a group, analysts forecast that American Hotel Income Properties REIT LP will post 0.04 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. The other revenue is comprised of conference room rentals, parking revenues, and other incidental income.