D.A. Davidson Maintains Their Buy Rating on Hersha Hospitality Trust


D.A. Davidson analyst James Lykins maintained a Buy rating on Hersha Hospitality Trust (NYSE: HT) today and set a price target of $24. The company’s shares closed yesterday at $21.35, close to its 52-week high of $21.55.

Lykins has an average return of 16.1% when recommending Hersha Hospitality Trust.

According to TipRanks.com, Lykins is ranked #1742 out of 4829 analysts.

Hersha Hospitality Trust has an analyst consensus of Hold, with a price target consensus of $20.70.

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Based on Hersha Hospitality Trust’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $8.25 million. In comparison, last year the company had a net profit of $24.66 million.

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Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates hotels in urban gateway markets. Its hotel properties are located in in New York, Boston, Philadelphia, Washington, the District of Columbia, Miami, and select markets on the West Coast.

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