Hersha Hospitality Trust with ticker code (HT) now have 10 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 12 and 7 and has a mean target at $9.97. Now with the previous closing price of $6.56 and the analysts are correct then there would likely be a percentage uptick in value of 52.0%. The 50 day moving average now sits at $7.40 while the 200 day moving average is $8.87. The market cap for the company is $267m. Company Website: https://www.hersha.com
The potential market cap would be $406m 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 3.05% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 2.18, revenue per share of 10.31 and a 1.59% return on assets.
