Hersha Hospitality Trust (HT) Receives Price Target

Hersha Hospitality Trust (HT) : Currently there are 8 street experts covering Hersha Hospitality Trust (HT) stock. The most bullish and bearish price target for the stock is $26 and $17 respectively for the short term. The average price target of all the analysts comes to $19.94. The estimated standard deviation from the target is $3.05.

Hersha Hospitality Trust (HT) : The consensus on Hersha Hospitality Trust (HT) based on 11 analyst recommendation on the company stock is 2.64, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Hersha Hospitality Trust (NYSE:HT). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $20 per share from a prior target of $22. The rating by the firm was issued on July 29, 2016.

Hersha Hospitality Trust (NYSE:HT): The stock opened at $19.54 on Thursday but the bulls could not build on the opening and the stock topped out at $19.54 for the day. The stock traded down to $18.90 during the day, due to lack of any buying support eventually closed down at $19.03 with a loss of -2.61% for the day. The stock had closed at $19.54 on the previous day. The total traded volume was 525,758 shares.

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.

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