Hersha Hospitality Trust with ticker code (HT) now have 10 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 12 and 9 with the average target price sitting at $10.38. Given that the stocks previous close was at $6.77 and the analysts are correct then there would likely be a percentage uptick in value of 53.3%. There is a 50 day moving average of $8.55 and the 200 day MA is $9.36. The market cap for the company is $277m. You can visit the company’s website by visiting: https://www.hersha.com
The potential market cap would be $425m 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 2.95% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 2.29, revenue per share of 10.31 and a 1.59% return on assets.
