Deutsche Bank analyst Chris Woronka maintained a Hold rating on Hersha Hospitality Trust (HT) yesterday and set a price target of $18. The company’s shares closed yesterday at $18.57.
According to TipRanks.com, Woronka is a 4-star analyst with an average return of 7.3% and a 64.0% success rate. Woronka covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Hertz Global Holdings Inc, and Park Hotels & Resorts Inc.
Hersha Hospitality Trust has an analyst consensus of Moderate Sell, with a price target consensus of $18.33, representing a -1.3% downside. In a report issued on April 29, B.Riley FBR also maintained a Hold rating on the stock with a $19 price target.
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Based on Hersha Hospitality Trust’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $2.54 million. In comparison, last year the company had a GAAP net loss of $8.25 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.
