Hersha Hospitality Trust which can be found using ticker (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 and has a mean target at $10.38. Given that the stocks previous close was at $6.22 and the analysts are correct then we can expect a percentage increase in value of 66.9%. The day 50 moving average is $8.36 and the 200 moving average now moves to $9.24. The market cap for the company is $245m. Visit the company website at: https://www.hersha.com
The potential market cap would be $409m 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 3.31% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 2.07, revenue per share of 10.31 and a 1.59% return on assets.
