Jefferies Reiterates Hold Rating On HT

Hersha Hospitality Trust's HT results “continue to demonstrate our thesis that the company's urban exposure should eclipse the limited operating leverage inherent in its limited service segment,” Jefferies reports. “While we believe HT should benefit from growth through acquisitions, we believe it has less leverage than other names in the group,” Jefferies writes, adding that it has reiterated its Hold rating on the stock. Hersha Hospitality Trust closed Wednesday at $6.50.