Shares of Hersha Hospitality Trust (NYSE:HT) have been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.42.
HT has been the topic of several analyst reports. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Deutsche Bank set a $19.00 target price on shares of Hersha Hospitality Trust and gave the stock a “hold” rating in a research note on Thursday, October 25th. ValuEngine raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Janney Montgomery Scott raised shares of Hersha Hospitality Trust from a “neutral” rating to a “buy” rating in a research note on Thursday, December 20th. Finally, Wells Fargo & Co downgraded shares of Hersha Hospitality Trust from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $17.50 to $16.75 in a research note on Monday, December 10th.
Shares of HT traded down $0.14 during mid-day trading on Tuesday, reaching $18.50. The company’s stock had a trading volume of 224,874 shares, compared to its average volume of 464,413. The firm has a market cap of $731.71 million, a price-to-earnings ratio of 8.56, a PEG ratio of 1.87 and a beta of 1.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.45 and a current ratio of 0.45. Hersha Hospitality Trust has a 52 week low of $16.50 and a 52 week high of $24.16.
Institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC bought a new stake in shares of Hersha Hospitality Trust during the 4th quarter valued at $131,000. Municipal Employees Retirement System of Michigan bought a new position in Hersha Hospitality Trust in the 4th quarter worth about $184,000. AQR Capital Management LLC bought a new position in Hersha Hospitality Trust in the 3rd quarter worth about $203,000. Oregon Public Employees Retirement Fund bought a new position in Hersha Hospitality Trust in the 4th quarter worth about $242,000. Finally, United Services Automobile Association bought a new position in Hersha Hospitality Trust in the 2nd quarter worth about $253,000. 97.76% of the stock is currently owned by institutional investors and hedge funds.
About Hersha Hospitality Trust
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,730 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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