StockNews.com Upgrades Hersha Hospitality Trust (NYSE:HT) to Hold

StockNews.com upgraded shares of Hersha Hospitality Trust (NYSE:HTGet Rating) from a sell rating to a hold rating in a research report released on Thursday morning.

A number of other brokerages have also recently commented on HT. B. Riley boosted their price target on Hersha Hospitality Trust from $10.00 to $11.00 in a research report on Tuesday, February 22nd. BMO Capital Markets raised Hersha Hospitality Trust from an underperform rating to a market perform rating and set a $10.00 price target on the stock in a research report on Friday, January 7th. Zacks Investment Research cut Hersha Hospitality Trust from a strong-buy rating to a hold rating in a research report on Thursday, April 7th. Raymond James raised Hersha Hospitality Trust from an underperform rating to a market perform rating in a research report on Monday, January 10th. Finally, Wells Fargo & Company dropped their price target on Hersha Hospitality Trust from $11.50 to $11.00 and set an overweight rating on the stock in a research report on Thursday, March 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $10.33.

Hersha Hospitality Trust stock opened at $9.49 on Thursday. The stock’s 50 day simple moving average is $9.18 and its two-hundred day simple moving average is $9.33. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.01. Hersha Hospitality Trust has a fifty-two week low of $7.92 and a fifty-two week high of $12.42.

Hersha Hospitality Trust (NYSE:HTGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The real estate investment trust reported ($0.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.50). Hersha Hospitality Trust had a negative net margin of 15.94% and a negative return on equity of 6.57%. During the same period in the prior year, the firm earned ($0.23) EPS. Sell-side analysts forecast that Hersha Hospitality Trust will post 0.77 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Hersha Hospitality Trust by 95.5% during the 3rd quarter. Goldman Sachs Group Inc. now owns 265,761 shares of the real estate investment trust’s stock valued at $2,479,000 after buying an additional 129,827 shares during the last quarter. Two Sigma Investments LP raised its stake in Hersha Hospitality Trust by 16.5% during the 3rd quarter. Two Sigma Investments LP now owns 352,314 shares of the real estate investment trust’s stock valued at $3,287,000 after buying an additional 49,966 shares during the last quarter. Deutsche Bank AG raised its stake in Hersha Hospitality Trust by 12.0% during the 3rd quarter. Deutsche Bank AG now owns 126,133 shares of the real estate investment trust’s stock valued at $1,177,000 after buying an additional 13,484 shares during the last quarter. PEAK6 Investments LLC raised its stake in Hersha Hospitality Trust by 50.0% during the 3rd quarter. PEAK6 Investments LLC now owns 88,818 shares of the real estate investment trust’s stock valued at $829,000 after buying an additional 29,617 shares during the last quarter. Finally, Balyasny Asset Management LLC purchased a new stake in Hersha Hospitality Trust during the 3rd quarter valued at $6,188,000. Institutional investors and hedge funds own 63.74% of the company’s stock.

Hersha Hospitality Trust Company Profile (Get Rating)

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

Further Reading

Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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