Hersha Hospitality Trust (HT) Gets a Hold Rating from B.Riley FBR


In a report released today, Bryan Maher from B.Riley FBR maintained a Hold rating on Hersha Hospitality Trust (NYSE: HT), with a price target of $19. The company’s shares opened today at $17.48, close to its 52-week low of $16.60.

According to TipRanks.com, Maher is a 3-star analyst with an average return of 1.0% and a 51.9% success rate. Maher covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Senior Housing Properties Trust, and Braemar Hotels & Resorts Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for Hersha Hospitality Trust with a $20.25 average price target, representing a 15.8% upside. In a report released today, Deutsche Bank also maintained a Hold rating on the stock with a $19 price target.

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The company has a one-year high of $24.16 and a one-year low of $16.60. Currently, Hersha Hospitality Trust has an average volume of 313.5K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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