Top25-SA-Banner

American Hotel Income Properties REIT LP (HOT.UN) Gets a Buy Rating from Canaccord Genuity


Shares of American Hotel Income Properties REIT LP (HOT.UN) were revisited by a Wall Street analyst yesterday. The company received a Buy rating from Canaccord Genuity’s analyst Mark Rothschild, with a C$9.25 price target.

According to TipRanks.com, Rothschild is ranked #500 out of 4918 analysts.

Currently, the analyst consensus on American Hotel Income Properties REIT LP is a Moderate Buy with an average price target of C$9.25.

Based on American Hotel Income Properties REIT LP’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$11.43 million. In comparison, last year the company had a net profit of C$11.05 million.

American Hotel Income Properties REIT LP engages in investing in hotel real estate properties. It operates through the Premium Branded Hotels and the Economy Lodging Hotels segments.

The company’s shares closed on Thursday at C$7.60, close to its 52-week low of C$7.52.