American Hotel Income Properties REIT (OTCMKTS:AHOTF – Get Note) had its price target lowered by National Bank Financial equity researchers to C$4.75 in a research note released Wednesday, reports The Fly.
Separately, Scotiabank cut its price target on American Hotel Income Properties REIT from C$5.00 to C$4.75 in a Thursday, May 12 report. Four research analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.00.
OTCMKTS AHOTF traded down $0.04 during Wednesday’s trading, hitting $2.96. 1,429 shares of the company were traded, against an average volume of 7,495. The stock’s 50-day moving average price is $3.17 and its two-hundred-day moving average price is $3.19 . American Hotel Income Properties REIT has a fifty-two week low of $2.51 and a fifty-two week high of $3.99.
Company Profile American Hotel Income Properties REIT (Get an evaluation)
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 in the United States . AHIP’s 78 select-service upscale hotels are located in secondary metropolitan markets that enjoy diversified and stable demand.
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