Hersha (HT) Surges: Stock Moves 9.7% Higher
Hersha Hospitality Trust HT was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.76 to $6.60 in the past one-month time frame.
The company has seen two negative estimate revisions in the past month, while its Zacks Consensus Estimate for the current quarter has also moved lower in the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Hersha currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Hersha Hospitality Trust Price
Hersha Hospitality Trust price | Hersha Hospitality Trust Quote
A better-ranked stock in the REIT and Equity Trust – Other industry is First Industrial Realty Trust, Inc. FR, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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