American Hotel Income Properties REIT (TSE:HOT.UN) Shares Climb 19.6% – Here’s Why

American Hotel Income Properties REIT LP (TSE:HOT.UN)’s stock price rose 19.6% on Thursday. The stock traded as high as C$0.67 and last traded at C$0.67. 506,514 shares changed hands during mid-day trading, an increase of 714% from the average session volume of 62,248 shares. The stock had previously closed at C$0.56.

American Hotel Income Properties REIT Price Performance

The business’s fifty day moving average price is C$0.54 and its 200 day moving average price is C$0.52. The company has a debt-to-equity ratio of 276.63, a current ratio of 0.44 and a quick ratio of 0.36. The stock has a market cap of C$40.69 million, a P/E ratio of -0.78 and a beta of -1.07.

American Hotel Income Properties REIT (TSE:HOT.UN) last released 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 during the quarter. American Hotel Income Properties REIT had a negative net margin of 34.67% and a negative return on equity of 34.11%. Sell-side analysts forecast that American Hotel Income Properties REIT LP will post 0.0406452 EPS 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.