Jefferies analyst David Katz reiterated a Hold rating on Hersha Hospitality Trust (NYSE: HT) yesterday and set a price target of $23. The company’s shares opened today at $21.36.
According to TipRanks.com, Katz is a 3-star analyst with an average return of 8.0% and a 37.9% success rate. Katz covers the Services sector, focusing on stocks such as Monarch Casino & Resort Inc, Wyndham Destinations Inc, and Extended Stay America.
Hersha Hospitality Trust has an analyst consensus of Moderate Buy, with a price target consensus of $22.25, a 4.2% upside from current levels. In a report issued on July 24, B.Riley FBR also maintained a Hold rating on the stock with a $20 price target.
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The company has a one-year high of $22.57 and a one-year low of $16.60. Currently, Hersha Hospitality Trust has an average volume of 384.2K.
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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.
