AHIP is currently covered by nine analysts
VANCOUVER, March 20, 2018 /CNW/ – American Hotel Income Properties REIT LP (“AHIP“) (TSX: HOT.UN, HOT.U and HOT.DB.U) wishes to remind investors, data feeds and media that its units trade in both Canadian dollars (HOT.UN) and U.S. dollars (HOT.U) on the Toronto Stock Exchange. Five analysts choose to publish target prices in U.S. dollars, while four choose to publish Canadian dollar target prices. The different approaches to currency have created some recent confusion around target prices, with certain publications inaccurately reporting U.S. dollar targets as Canadian dollar targets. With the Canadian dollar now standing at approximately 1.3x the U.S. dollar, any inaccuracies could be significant.
AHIP would also like to remind all investors, data feeds and media to confirm the currency being quoted in analyst reports to ensure an accurate measure of target price is quoted and considered.
Six analysts currently have an Outperform or Buy rating for AHIP, while three have a Sector Perform rating. All AHIP distributions, for both the Canadian and U.S. denominated unit trading symbols, are paid monthly in U.S. dollars.
Please note that any opinions, estimates, forecasts (including price targets) or recommendations regarding AHIP made by analysts are those of the analysts alone and do not represent opinions, estimates, forecasts or recommendations of AHIP or its management. AHIP does not by its reference or distribution imply any endorsement of or concurrence with such opinions, estimates, forecasts or recommendations.
ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP
American Hotel Income Properties REIT LP (TSX: HOT.UN; HOT.U and HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located substantially in the United States. AHIP currently has 115 hotels, and is actively engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, IHG, Wyndham and Choice Hotels through license agreements. The company’s long-term objectives are to build on its proven track record of successful investment, deliver reliable and consistent U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hotel portfolio. More information is available at www.ahipreit.com.
SOURCE American Hotel Income Properties REIT LP
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