Back to top

Image: Bigstock

Hersha (HT) Surges: Stock Moves 9.7% Higher

Read MoreHide Full Article

Hersha Hospitality Trust 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.

A better-ranked stock in the REIT and Equity Trust – Other industry is First Industrial Realty Trust, Inc. (FR - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.

The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.

Click Here, See It Free >>

 


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


First Industrial Realty Trust, Inc. (FR) - free report >>

Published in