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 9 calculating the mean target price we have $10.38. Given that the stocks previous close was at $6.38 this would imply there is now a potential upside of 62.7%. There is a 50 day moving average of $8.13 while the 200 day moving average is $9.10. The company has a market capitalization of $292m. Company Website: https://www.hersha.com
The potential market cap would be $476m 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 high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company’s 49 hotels totaling 7,774 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company’s common shares are traded on The New York Stock Exchange under the ticker HT.
The company has a dividend yield of 3.13% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 2.27, revenue per share of 10.31 and a 1.59% return on assets.
