On March 8, an analyst has provided a rating update for American Hotel Income Properties REIT LP (HOT.UN). Canaccord Genuity’s analyst Mark Rothschild expressed some doubt on March 8 about the stock, as it was downgraded to Hold , with a C$7 price target.
According to TipRanks.com, Rothschild is a 5-star analyst with an average return of 7.2% and a 72.2% success rate. Rothschild covers the Financial sector, focusing on stocks such as Choice Properties Real Estate Investment Trust, RioCan Real Estate Investment Trust, and Artis Real Estate Investment Trust.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Hotel Income Properties REIT LP with a C$7.06 average price target, a 6.8% upside from current levels. In a report issued on March 7, National Bank also maintained a Hold rating on the stock with a C$7.50 price target.
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The company has a one-year high of C$9.30 and a one-year low of C$5.80. Currently, American Hotel Income Properties REIT LP has an average volume of 225.9K.
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 Monday at C$6.61.
