American Hotel Income Properties REIT (TSE:HOT.UN – Get Free Report) had its price target boosted by equities researchers at Scotiabank from C$0.60 to C$0.80 in a report issued on Tuesday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 26.98% from the company’s previous close.
Separately, CIBC lowered their price objective on shares of American Hotel Income Properties REIT from C$0.40 to C$0.33 in a research report on Thursday, August 8th.
View Our Latest Stock Analysis on HOT.UN
American Hotel Income Properties REIT Trading Up 3.3 %
Insider Transactions at American Hotel Income Properties REIT
In other American Hotel Income Properties REIT news, Director John Christopher O’neill acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average cost of C$0.69 per share, with a total value of C$68,760.00. Corporate insiders own 3.62% of the company’s stock.
American Hotel Income Properties REIT Company Profile
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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