FBR Capital Reaffirms “Buy” Rating Today, Has a Target of $20/Share

August 28, 2017 – By Clifton Ray

Hersha Hospitality (NYSE:HT) Rating Reaffirmed

Stock research analysts at FBR Capital now has a $20 PT on Hersha Hospitality (NYSE:HT). FBR Capital and their recent PT suggests a potential upside of 11.48 % from the company’s last stock close. The rating has been disclosed to clients in an analyst note on Monday, 28 August.

Hersha Hospitality Trust (NYSE:HT) Ratings Coverage

Among 9 analysts covering Hersha Hospitality Trust (NYSE:HT), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Hersha Hospitality Trust has $32 highest and $16 lowest target. $23.09’s average target is 28.71% above currents $17.94 stock price. Hersha Hospitality Trust had 29 analyst reports since July 30, 2015 according to SRatingsIntel. Bank of America downgraded Hersha Hospitality Trust (NYSE:HT) on Friday, March 3 to “Underperform” rating. FBR Capital maintained Hersha Hospitality Trust (NYSE:HT) on Monday, August 28 with “Buy” rating. The stock of Hersha Hospitality Trust (NYSE:HT) earned “Neutral” rating by Janney Capital on Wednesday, December 2. The firm has “Buy” rating given on Friday, August 14 by Zacks. FBR Capital maintained it with “Outperform” rating and $26 target in Friday, July 29 report. As per Monday, January 4, the company rating was maintained by RBC Capital Markets. On Thursday, October 27 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Neutral” rating by Bank of America given on Thursday, May 19. The firm earned “Mkt Perform” rating on Friday, November 20 by FBR Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, November 2.

About 331,836 shares traded or 6.57% up from the average. Hersha Hospitality Trust (NYSE:HT) has risen 8.90% since August 28, 2016 and is uptrending. It has underperformed by 7.80% the S&P500.

Hersha Hospitality Trust is a self-advised real estate investment trust . The company has market cap of $750.38 million. The Firm invests primarily in institutional grade hotels in urban gateway markets, including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. It has a 7.81 P/E ratio. As of July 20, 2017, the Company’s hotels included 51 hotels totaling 7,804 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

More notable recent Hersha Hospitality Trust (NYSE:HT) news were published by: Seekingalpha.com which released: “Hersha Hospitality Trust’s (HT) CEO Jay Shah on Q1 2017 Results – Earnings …” on April 26, 2017, also Seekingalpha.com with their article: “Hersha Hospitality Trust’s (HT) CEO Jay Shah on Q2 2017 Results – Earnings …” published on July 26, 2017, Businesswire.com published: “Hersha Hospitality Trust Closes $475 Million Senior Unsecured Credit Facility” on August 14, 2017. More interesting news about Hersha Hospitality Trust (NYSE:HT) were released by: Zacks.com and their article: “Should Value Investors Pick Hersha Hospitality (HT) Stock?” published on August 07, 2017 as well as Seekingalpha.com‘s news article titled: “Hersha Hospitality Is A Prime-Time Player” with publication date: March 15, 2017.

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