Hersha Hospitality Trust (HT) Gets a Hold Rating from Deutsche Bank


In a report released yesterday, Chris Woronka from Deutsche Bank maintained a Hold rating on Hersha Hospitality Trust (HT), with a price target of $16. The company’s shares closed yesterday at $15.62, close to its 52-week low of $15.58.

According to TipRanks.com, Woronka is a 3-star analyst with an average return of 3.0% and a 48.8% success rate. Woronka covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Ashford Hospitality Trust, and Hertz Global Holdings Inc.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Hersha Hospitality Trust with a $16.83 average price target, which is a 7.7% upside from current levels. In a report released yesterday, B.Riley FBR also maintained a Hold rating on the stock with a $18 price target.

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The company has a one-year high of $24.16 and a one-year low of $15.58. Currently, Hersha Hospitality Trust has an average volume of 284.2K.

Based on the recent corporate insider activity of 24 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.

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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