Hersha Hospitality Trust (HT) : Zacks Investment Research ranks Hersha Hospitality Trust (HT) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.64, which indicates as a Hold.
Hersha Hospitality Trust (HT) : The highest short term price target forecast on Hersha Hospitality Trust (HT) is $26 and the lowest target price is $17. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $19.94 with a standard deviation of $3.05.
Also, Barclays maintains their rating on the shares of Hersha Hospitality Trust (NYSE:HT). The current rating of the shares is Equal-weight. Equity Analysts at the Firm lowers the price target to $20 per share from $22 per share. The rating by the firm was issued on July 29, 2016.
Hersha Hospitality Trust (NYSE:HT): After opening at $18.39, the stock dipped to an intraday low of $18.36 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.92 and the buying power remained strong till the end. The stock closed at $18.7 for the day, a gain of 1.36% for the day session. The total traded volume was 628,554. The stocks close on the previous trading day was $18.45.
Hersha Hospitality Trust is a real estate investment trust (REIT). The Company invests in institutional grade hotels in urban gateway markets, including New York, Washington DC, Boston, Philadelphia, South Florida and West Coast. The Company owns its hotels and its investments in joint ventures through its operating partnership, Hersha Hospitality Limited Partnership, for which it serves as general partner. The Company owned an approximately 95.8% partnership interest in its operating partnership. Its nationally-franchised hotels operating under brands, such as Marriott, Residence Inn by Marriott, Courtyard by Marriott, Hilton Hotels, Hilton Garden Inn, Hampton Inn, Holiday Inn Express, Candlewood Suites, Hyatt House, Hyatt Place, Hyatt and Sheraton Hotels. Its portfolio consisted of approximately 46 wholly owned limited and service properties with a total of approximately 6,587 rooms and interests in approximately five limited and service properties with a total of over 1,369 rooms.