American Hotel Income Properties REIT LP (OTCMKTS:AHOTF – Free Report) shares rose 12.4% on Friday. The stock reached a high of $0.35 and was last trading at $0.35. During midday trading, 39,952 shares traded hands, up 57% from the average session volume of 25,523 shares. The stock had previously closed at $0.31.
Performance of American Hotel Income Properties REIT share
The stock’s 50-day moving average price is $0.36 and its 200-day moving average price is $0.45.
American Hotel Income Properties REIT Company Profile
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American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.V), or AHIP, is a limited partnership formed to invest in hotel properties throughout the United States. AHIP’s portfolio of premium, select-service branded hotels are located in secondary metropolitan markets that benefit from diverse and stable demand.
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