Hersha Hospitality Trust (NYSE:HT) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, March 27th, ValuEngine reports.
HT has been the topic of a number of other research reports. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, January 11th. Raymond James lowered shares of Hersha Hospitality Trust from a “mkt perform” rating to an “underperform” rating in a research report on Tuesday, January 8th. Janney Montgomery Scott upgraded shares of Hersha Hospitality Trust from a “neutral” rating to a “buy” rating in a research report on Thursday, December 20th. Wells Fargo & Co lowered shares of Hersha Hospitality Trust from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $17.50 to $16.75 in a research note on Monday, December 10th. Finally, Deutsche Bank reissued a “hold” rating and set a $18.00 target price on shares of Hersha Hospitality Trust in a research note on Thursday, February 28th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.31.
NYSE HT remained flat at $$17.89 during trading hours on Wednesday. The company had a trading volume of 209,103 shares, compared to its average volume of 310,287. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.09. The firm has a market cap of $701.02 million, a P/E ratio of 8.13, a P/E/G ratio of 1.87 and a beta of 1.42. Hersha Hospitality Trust has a 52-week low of $16.50 and a 52-week high of $24.16.
Hersha Hospitality Trust Company Profile
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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