Hersha Hospitality Trust (HT) has been under a strong bear grip, hence the stock is down -0.25% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.68% in the past 1 week. The stock has risen by 4.24% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.27% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.46% and the 50-Day Moving Average is 0.25%.The 200 Day SMA reached 0.93% Hersha Hospitality Trust is up 4.91% in the last 3-month period. Year-to-Date the stock performance stands at -10.15%.
Hersha Hospitality Trust (HT) : Currently there are 8 street experts covering Hersha Hospitality Trust (HT) stock. The most bullish and bearish price target for the stock is $26 and $17 respectively for the short term. The average price target of all the analysts comes to $19.94. The estimated standard deviation from the target is $3.05.
Company shares have received an average consensus rating of Hold for the current week Hersha Hospitality Trust (NYSE:HT): The stock opened at $18.75 and touched an intraday high of $18.96 on Friday. During the day, the stock corrected to an intraday low of $18.63, however, the bulls stepped in and pushed the price higher to close in the green at $18.95 with a gain of 1.34% for the day. The total traded volume for the day was 1,196,399. The stock had closed at $18.95 in the previous trading session.
Hersha Hospitality Trust is a real estate investment trust (REIT). The Company invests in institutional grade hotels in urban gateway markets, including New York, Washington DC, Boston, Philadelphia, South Florida and West Coast. The Company owns its hotels and its investments in joint ventures through its operating partnership, Hersha Hospitality Limited Partnership, for which it serves as general partner. The Company owned an approximately 95.8% partnership interest in its operating partnership. Its nationally-franchised hotels operating under brands, such as Marriott, Residence Inn by Marriott, Courtyard by Marriott, Hilton Hotels, Hilton Garden Inn, Hampton Inn, Holiday Inn Express, Candlewood Suites, Hyatt House, Hyatt Place, Hyatt and Sheraton Hotels. Its portfolio consisted of approximately 46 wholly owned limited and service properties with a total of approximately 6,587 rooms and interests in approximately five limited and service properties with a total of over 1,369 rooms.