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home / articles / HT - Hersha Hospitality Downgraded After $1.4B KSL Acquisition Analyst Calls It 'End Of An Era' | Benzinga

HT - Hersha Hospitality Downgraded After $1.4B KSL Acquisition Analyst Calls It 'End Of An Era' | Benzinga

Hersha Hospitality Trust Class A of Beneficial Interest

B.Riley Securities analyst Bryan Maher downgraded Hersha Hospitality Trust (NYSE: HT) to Neutral from Buy at an increased price target of $10 from $9. 

The move came after the announcement of HT's acquisition by KSL Capital Partners for $10 per share. 

The all-cash transaction is valued at approximately $1.4 billion. The purchase price represented a premium of approximately 60% over Hersha's closing share price on August 25, 2023.

Related: Full story available on Benzinga.com
Stock Information
Company Name: Hersha Hospitality Trust Class A of Beneficial Interest
Stock Symbol: HT
Market: NYSE
Website: hersha.com
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