How Janney Capital Currently Rates Hersha Hospitality Trust (NYSE:HT)
Professional analysts at Janney Capital began issuing coverage on Hersha Hospitality Trust (NYSE:HT) with “Neutral” rating. This was distributed to Clients in a recent report on Wednesday morning.
From a total of 11 analysts covering Hersha Hospitality Trust (NYSE:HT) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is $30 while the lowest target price is $21. The mean of all analyst targets is $26.91 with a 22.36% above today’s ($23.97) stock price. Hersha Hospitality Trust was the topic of 9 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. FBR Capital initiated shares on November 20 with “Mkt Perform” rating. Zacks upgraded HT stock in a recent report from August 17 to “Hold” rating.
The stock increased 1.52% or $0.36 during the last trading session, striking $23.97. Approximately shares of stock traded hands. Hersha Hospitality Trust (NYSE:HT) has risen 261.54% since April 29, 2015 and is uptrending. It has outperformed by 261.74% the S&P500.
Hersha Hospitality Trust is a real estate investment trust . The company has a market cap of $1.20 billion. The Firm invests in institutional grade hotels in urban gateway markets, including New York, Washington DC, Boston, Philadelphia, South Florida and West Coast. It has 49.82 P/E ratio. The Firm owns its hotels and its investments in joint ventures through its operating partnership, Hersha Hospitality Limited Partnership, for which it serves as general partner.
According to Zacks Investment Research, “Hersha Hospitality Trust is an entrepreneurial, high-growth real estate development and management company focussed on the hospitality industry. Hersha currently owns, operates, and develops a portfolio of hotels and assisted living facilities in the mid-Atlantic region of the United States. (PRESS RELEASE)” Get a free copy of the Zacks research report on Hersha Hospitality Trust (HT).