In a report released yesterday, Bryan Maher from B.Riley FBR maintained a Hold rating on Hersha Hospitality (HT), with a price target of $7.00. The company’s shares closed last Wednesday at $5.53.
According to TipRanks.com, Maher has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.8% and a 48.0% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties, Diversified Healthcare Trust, and Braemar Hotels & Resorts.
Currently, the analyst consensus on Hersha Hospitality is a Moderate Sell with an average price target of $5.93.
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The company has a one-year high of $15.42 and a one-year low of $2.29. Currently, Hersha Hospitality has an average volume of 819.2K.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HT in relation to earlier this year.
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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. The company was founded by Hasu P. Shah in May 1998 and is headquartered in Harrisburg, PA.
