UPDATE: Deutsche Bank Downgrades Hersha Hospitality to Hold

by John Harris, Benzinga Staff Writer
February 27, 2012 9:05 AM | 16 seconds read |
According to Deutsche Bank, Hersha Hospitality Trust HT downgraded to Hold. Deutsche Bank said that it is downgrading HT from Buy to Hold. “HT trades at 13.1x our 2012 EBITDA estimate and at an implied cap rate of 6.3%.” Hersha Hospitality Trust closed on Friday at $5.28.
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