Hersha Hospitality Trust
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Hersha Hospitality Trust is a self-advised real estate investment trust (REIT). The Company 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. As of December 31, 2017, the Company's hotels included 50 hotels totaling 7,725 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company’s properties operate under brands that include Marriott International, Hilton Hotels, Hyatt Hotels, Intercontinental Hotel Group, and Pan Pacific.

Closing Price
$4.70
Day's Change
-0.11 (-2.29%)
Bid
--
Ask
--
B/A Size
--
Day's High
4.76
Day's Low
4.54
Volume
(Light)
Volume:
318,193

10-day average volume:
781,512
318,193

Morgan Stanley upped to buy and U.S. Bancorp to neutral at Goldman Sachs

5:46 am ET March 13, 2020 (MarketWatch)
Print

In a note on the banking sector after the big sell-off, Goldman Sachs upgraded Morgan Stanley (MS) to buy from neutral, and upgraded U.S. Bancorp (USB) to neutral from sell. Goldman Sachs said Bank of America (BAC), Citi (C) and Morgan Stanley offer the most potential value. Morgan Stanley "offers an attractive entry point, given the market has already priced in >170% of our estimated recessionary risk, roughly twice as much as peers" while the market has "priced in 82% of a full recessionary scenario into USB's valuation, relative to roughly 70% for comparable peers, and we believe USB performs well in a downside scenario, given 1) lower interest rate sensitivity; 2) lower exposure to investment banking and market-based revenues; and 3) greater exposure to more defensive fee-based payments revenues."

-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 13, 2020 05:46 ET (09:46 GMT)

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