American Hotel Income Properties REIT LP (OTC:AHOTF) engages in the acquisition and operation of hotel properties in the United States.
Insider buying during the last 30 days
Here is a table of American Hotel Income Properties' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Peter Armstrong||Chairman||June 4-13||48,000||100,050 shares||+92.2%|
|Azim Lalani||CFO||June 4||1,000||1,000 shares||from 0 to 1,000|
|W. Michael Murphy||Director||May 22-27||10,000||10,000 shares||from 0 to 10,000|
There have been 59,000 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of American Hotel Income Properties' insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 223,750 shares purchased and there have been zero shares sold by insiders since February 2013. The month of June 2014 has seen the most insider buying this year. American Hotel Income Properties had its IPO in February 2013.
American Hotel Income Properties reported the first-quarter financial results on May 9 with the following highlights:
|Funds from operations||$2.0 million|
The three insiders purchased their shares after these results. On June 4, American Hotel Income Properties closed a $46.7 million public offering.
American Hotel Income Properties' competitors include Hospitality Properties Trust (NYSE:HPT), RLJ Lodging Trust (NYSE:RLJ), and Hersha Hospitality Trust (NYSE:HT). Here is a table comparing these companies.
|Qtrly Rev Growth (yoy):||2.09||0.11||0.10||0.22|
American Hotel Income Properties has the highest dividend yield among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only American Hotel Income Properties has seen insider buying this year.
There have been three different insiders buying American Hotel Income Properties, and there have not been any insiders selling American Hotel Income Properties during the last 30 days. All three of these insiders increased their holdings by more than 10% each.
The three insiders purchased their shares at prices ranging from $9.32 (C$10.11) to $9.59 (C$10.41). I believe American Hotel Income Properties could be a good pick below $9.59 based on the intensive insider buying.
(Source: Investor presentation)
Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in AHOTF over the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.
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