American Hotel Income Properties REIT (HOT.UN) Receives Buy Rating from Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of American Hotel Income Properties REIT (TSE:HOT.UN) in a research report sent to investors on Thursday. The brokerage currently has a C$9.25 price objective on the stock.

A number of other research analysts have also recently commented on the company. Royal Bank of Canada increased their target price on American Hotel Income Properties REIT from C$7.00 to C$7.25 and gave the company a sector perform rating in a research note on Monday, August 20th. National Bank Financial raised American Hotel Income Properties REIT from a sector perform rating to an outperform rating and raised their price objective for the company from C$9.00 to C$10.00 in a research note on Friday, August 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$9.11.

HOT.UN opened at C$7.80 on Thursday. American Hotel Income Properties REIT has a 52 week low of C$7.52 and a 52 week high of C$10.92.

The business also recently disclosed a monthly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 15th were paid a dividend of $0.054 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 8.31%.

American Hotel Income Properties REIT Company Profile

American Hotel Income Properties REIT LP is a Canada-based limited partnership company that invests in hotel real estate properties primarily in the United States. The principal business of the Company is to issue units and to acquire and hold shares of the American Hotel Income Properties REIT Inc (U.S.

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Analyst Recommendations for American Hotel Income Properties REIT (TSE:HOT.UN)

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