B. Riley Lowers Hersha Hospitality Trust (NYSE:HT) Price Target to $11.00

Hersha Hospitality Trust (NYSE:HTGet Rating) had its target price lowered by equities researchers at B. Riley from $13.00 to $11.00 in a note issued to investors on Monday, The Fly reports. B. Riley’s target price would suggest a potential upside of 22.22% from the stock’s previous close.

Several other research firms have also recently commented on HT. Wells Fargo & Company lowered their target price on Hersha Hospitality Trust from $11.50 to $10.00 and set an “equal weight” rating for the company in a research note on Friday, October 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Hersha Hospitality Trust from $9.00 to $10.00 in a research note on Monday, August 22nd. StockNews.com started coverage on Hersha Hospitality Trust in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, TheStreet raised Hersha Hospitality Trust from a “d+” rating to a “c-” rating in a research note on Thursday, August 4th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $11.79.

Hersha Hospitality Trust Price Performance

HT stock opened at $9.00 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $356.83 million, a PE ratio of 4.99, a P/E/G ratio of 0.16 and a beta of 2.06. Hersha Hospitality Trust has a 12-month low of $7.46 and a 12-month high of $12.15. The business’s fifty day moving average price is $8.84 and its 200 day moving average price is $9.78.

Hedge Funds Weigh In On Hersha Hospitality Trust

Large investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in shares of Hersha Hospitality Trust during the 2nd quarter worth approximately $30,000. Allspring Global Investments Holdings LLC raised its stake in shares of Hersha Hospitality Trust by 710.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,034 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 3,536 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Hersha Hospitality Trust during the 2nd quarter worth approximately $35,000. Captrust Financial Advisors purchased a new position in shares of Hersha Hospitality Trust during the 2nd quarter worth approximately $60,000. Finally, Versor Investments LP purchased a new position in Hersha Hospitality Trust in the 3rd quarter valued at approximately $90,000. 69.38% of the stock is owned by hedge funds and other institutional investors.

About Hersha Hospitality Trust

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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.

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