Stifel May Have Just Lost Faith in Hersha Hospitality Trust (NYSE:HT)


Hersha Hospitality Trust (NYSE:HT) Receives a Downgrade

Stifel has given Hersha Hospitality Trust (NYSE:HT) shares a new “Hold” rating in a comprehensive report revealed to investors on 17 December. This was a downgrade from the preceding “Buy” rating.

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 29.61% above today’s ($22.63) stock price. Hersha Hospitality Trust was the topic of 10 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Janney Capital initiated shares on December 2 with “Neutral” rating. RBC Capital Markets maintained HT stock in a recent report from November 2 with “Sector Perform” rating. Finally, Bank of America downgraded the stock to “Neutral” rating in a report issued on an August 12.

The stock increased 0.76% or $0.17 during the last trading session, striking $22.63. Approximately shares of stock traded hands. Hersha Hospitality Trust (NYSE:HT) has declined 14.15% since May 14, 2015 and is downtrending. It has underperformed by 11.89% the S&P500.

Hersha Hospitality Trust is a real estate investment trust . The company has a market cap of $1.14 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 47.04 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)”