American Hotel Income Properties REIT (TSE:HOT.UN) Trading 37.5% Higher – Here’s What Happened

American Hotel Income Properties REIT LP (TSE:HOT.UN) shares were up 37.5% on Monday . The stock traded as high as C$0.55 and last traded at C$0.55. Approximately 534,228 shares traded hands during trading, an increase of 761% from the average daily volume of 62,063 shares. The stock had previously closed at C$0.40.

American Hotel Income Properties REIT Stock Up 25.0%

The company has a market capitalization of C$37.44 million, a price-to-earnings ratio of -0.43 and a beta of -0.90. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 276.63. The business has a 50-day moving average price of C$0.34 and a 200-day moving average price of C$0.40.

American Hotel Income Properties REIT (TSE:HOT.UN) last posted its quarterly earnings data on Friday, November 7th. The company reported C($0.34) 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$66.24 million for the quarter. As a group, equities analysts anticipate that American Hotel Income Properties REIT LP will post 0.0406452 earnings per share for the current fiscal 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.