In a report released today, Simon Yarmak from Stifel Nicolaus maintained a Hold rating on Hersha Hospitality Trust (NYSE: HT), with a price target of $23. The company’s shares closed yesterday at $23.18, close to its 52-week high of $23.20.
According to TipRanks.com, Yarmak is a 4-star analyst with an average return of 9.8% and a 71.2% success rate. Yarmak covers the Financial sector, focusing on stocks such as National Retail Properties, Lasalle Hotel Properties, and Bluegreen Vacations Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Hersha Hospitality Trust with a $22 average price target, representing a -5.1% downside. In a report issued on August 20, Robert W. Baird also downgraded the stock to Hold.
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The company has a one-year high of $23.20 and a one-year low of $16.60. Currently, Hersha Hospitality Trust has an average volume of 337.4K.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock.
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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.
