Shares of American Hotel Income Properties REIT LP (TSE:HOT.UN) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$7.48.
Several equities analysts recently commented on HOT.UN shares. CIBC dropped their price target on shares of American Hotel Income Properties REIT from C$7.25 to C$6.50 in a research report on Thursday, March 7th. Canaccord Genuity lowered shares of American Hotel Income Properties REIT from a “buy” rating to a “hold” rating and set a C$7.00 price target for the company. in a research report on Friday, March 8th. Finally, National Bank Financial dropped their price target on shares of American Hotel Income Properties REIT from C$8.25 to C$7.50 and set a “sector perform” rating for the company in a research report on Thursday, March 7th.
HOT.UN stock traded down C$0.05 on Friday, hitting C$6.77. 97,701 shares of the company were exchanged, compared to its average volume of 220,815. American Hotel Income Properties REIT has a twelve month low of C$7.52 and a twelve month high of C$10.92.
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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