Hersha Hospitality (HT) Gets a Hold Rating from Jefferies

In a report issued on August 5, David Katz from Jefferies maintained a Hold rating on Hersha Hospitality (HTResearch Report), with a price target of $6.00. The company’s shares closed last Friday at $6.60.

According to TipRanks.com, Katz has 0 stars on 0-5 stars ranking scale with an average return of -5.7% and a 40.2% success rate. Katz covers the Services sector, focusing on stocks such as International Game Technology, Wyndham Hotels & Resorts, and Monarch Casino & Resort.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Hersha Hospitality with a $5.93 average price target, a -9.9% downside from current levels. In a report issued on August 5, B.Riley FBR also maintained a Hold rating on the stock with a $7.00 price target.

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The company has a one-year high of $15.42 and a one-year low of $2.29. Currently, Hersha Hospitality has an average volume of 851.8K.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.