BMO Capital Sticks to Its Sell Rating for Hersha Hospitality (HT)

By Carrie Williams

In a report released today, Ari Klein from BMO Capital maintained a Sell rating on Hersha Hospitality (HTResearch Report), with a price target of $4.00. The company’s shares closed last Wednesday at $5.53.

According to TipRanks.com, Klein is a 4-star analyst with an average return of 13.8% and a 70.4% success rate. Klein covers the Financial sector, focusing on stocks such as Xenia Hotels & Resorts, Host Hotels & Resorts, and Park Hotels & Resorts.

Hersha Hospitality has an analyst consensus of Moderate Sell, with a price target consensus of $5.93.

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Based on Hersha Hospitality’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $90.14 million and GAAP net loss of $23.08 million. In comparison, last year the company earned revenue of $115 million and had a GAAP net loss of $6.96 million.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HT in relation to earlier this year.

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Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates hotels in urban gateway markets. Its hotel properties are located in in New York, Boston, Philadelphia, Washington, the District of Columbia, Miami, and select markets on the West Coast. The company was founded by Hasu P. Shah in May 1998 and is headquartered in Harrisburg, PA.