As you may recall, we recently upgraded shares in Hersha Hospitality (HT) to a Strong Buy. That was based on the company’s:
- Continued prudent asset recycling
- Strong insider ownership (around 11%).
- Deep valuation (8.5% dividend yield).
We also like the price appreciation potential for this lodging real estate investment trust, or REIT. And we’re continuing to cast nets looking for similar deep-value prizes.
To be clear, we do recognize that the lodging sector can be risky. It’s the most exposed to recession risk – precisely why we’ve continued to be extremely tactical in