Hersha Hospitality Trust with ticker code (HT) have now 10 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 12 and 7 suggesting an average Analsyt target price of $9.07. Given that the stocks previous close was at $6.00 and the analysts are correct then we can expect a percentage increase in value of 51.2%. The 50 day MA is $6.84 while the 200 day moving average is $8.71. The company has a market cap of $251m. You can visit the company’s website by visiting: https://www.hersha.com
The potential market cap would be $380m based on the market consensus.
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates luxury and lifestyle hotels in coastal gateway and resort markets. The Company’s 25 hotels totaling 3,811 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida, and California. The Company’s common shares are traded on The New York Stock Exchange under the ticker HT.
The company has a dividend yield of 3.33% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 1.97, revenue per share of 10.13 and a 1.6% return on assets.
