In a report released today, Chris Woronka from Deutsche Bank maintained a Hold rating on Hersha Hospitality (HT – Research Report), with a price target of $9.00. The company’s shares closed last Monday at $9.96.
According to TipRanks.com, Woronka is a 4-star analyst with an average return of 9.8% and a 45.6% success rate. Woronka covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Park Hotels & Resorts, and Host Hotels & Resorts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Hersha Hospitality with a $10.57 average price target.
Based on Hersha Hospitality’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $47.17 million and net profit of $8.93 million. In comparison, last year the company earned revenue of $90.14 million and had a GAAP net loss of $23.08 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HT in relation to earlier this year.
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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.