Yesterday, the CFO of Hersha Hospitality (HT), Ashish Parikh, sold shares of HT for $714K.
This is Parikh’s first Sell trade following 3 Buy transactions.
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The company has a one-year high of $14.77 and a one-year low of $2.29. Currently, Hersha Hospitality has an average volume of 321.70K. HT’s market cap is $315 million and the company has a P/E ratio of -2.00.
Based on 8 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $6.07, reflecting a 34.8% upside. Three different firms, including Barclays and BMO Capital, currently also have a Sell rating 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. The company was founded by Hasu P. Shah in May 1998 and is headquartered in Harrisburg, PA.
