Hersha Hospitality Trust with ticker code (HT) have now 10 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 12 and 7 and has a mean target at $9.57. Given that the stocks previous close was at $6.28 this would indicate that there is a potential upside of 52.4%. It’s also worth noting that there is a 50 day moving average of $7.12 while the 200 day moving average is $8.79. The market capitalization for the company is $262m. Visit the company website at: https://www.hersha.com
The potential market cap would be $399m 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 3.18% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 2.17, revenue per share of 10.31 and a 1.59% return on assets.
