Canaccord Genuity Reaffirms Buy Rating for American Hotel Income Properties REIT (HOT.UN)

American Hotel Income Properties REIT (TSE:HOT.UN)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a note issued to investors on Thursday. They currently have a C$9.25 price objective on the stock. Canaccord Genuity’s price target indicates a potential upside of 21.71% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of 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 shares of American Hotel Income Properties REIT from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$9.00 to C$10.00 in a research note on Friday, August 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$9.11.

American Hotel Income Properties REIT stock traded down C$0.63 during mid-day trading on Thursday, reaching C$7.60. 693,043 shares of the company’s stock traded hands, compared to its average volume of 220,815. American Hotel Income Properties REIT has a 12-month low of C$7.52 and a 12-month high of C$10.92.

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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