Analysts at MLV & Co started coverage on shares of Hersha Hospitality Trust (NYSE: HT) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating and a $6.00 price target on the stock.
Hersha Hospitality Trust traded down 1.71% on Wednesday, hitting $5.16. Hersha Hospitality Trust has a 52-week low of $3.14 and a 52-week high of $5.91. The company’s market cap is $899.6 million.
Hersha Hospitality Trust last posted its quarterly earnings results on Tuesday, May 1st. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. Analysts expect that Hersha Hospitality Trust will post $0.13 EPS next quarter.
Hersha Hospitality Trust (Hersha) is a self-advised real estate investment trust (REIT). The Company invests primarily in institutional grade hotels in business districts, primary suburban office markets and stable destination and secondary markets in the Northeastern United States, and select markets on the West Coast.