In a report released today, Michael Bellisario from Robert W. Baird maintained a Hold rating on Hersha Hospitality (HT), with a price target of $6.00. The company’s shares closed last Monday at $4.98.
According to TipRanks.com, Bellisario is a 3-star analyst with an average return of 4.1% and a 53.4% success rate. Bellisario covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Host Hotels & Resorts, and Ashford Hospitality.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Hersha Hospitality with a $5.40 average price target.
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Based on Hersha Hospitality’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $17.44 million and GAAP net loss of $61.42 million. In comparison, last year the company earned revenue of $148 million and had a net profit of $5.6 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. The company was founded by Hasu P. Shah in May 1998 and is headquartered in Harrisburg, PA.
