3 Hotel REITS With The Highest Upside, According To Analysts
Almost every sub-sector of REITs has been hit hard in 2022 as inflation and recession worries have taken their toll on markets. Hotel REITs have been one of the worst REIT performers during this time. Many in the group are down 40% or more and several of these hotel REITs have recently touched 52-week lows. Yet, analysts continue to have faith in the group as a whole and have set price targets well above the current prices of these stocks. Here are three hotel REITs analysts recently noted that have the highest upsides among the group: Park Hotels Resorts Inc (NYSE: PK ) is a Tysons, Virginia-based hotel REIT with 49 premium brand hotels and resorts across 14 of the top 25 markets in the U.S. affiliates include Hilton, Marriott and Hyatt. The 52-week range for Park Hotels Resorts is $11.04 to $21.62, and the stock was recently close to its low. Wells Fargo analyst Dori Kesten upgraded Park Hotels Resorts from Equal-Weight to Overweight and announced a $17 price target. … Full story available on Benzinga.
3 Hotel REITS With The Highest Upside, According To Analysts
Almost every sub-sector of REITs has been hit hard in 2022 as inflation and recession worries have taken their toll on markets. Hotel REITs have been one of the worst REIT performers during this time. Many in the group are down 40% or more and several of these hotel REITs have recently touched 52-week lows. Yet, analysts continue to have faith in the group as a whole and have set price targets well above the current prices of these stocks. Here are three hotel REITs analysts recently noted that have the highest upsides among the group: Park Hotels Resorts Inc (NYSE: PK ) is a Tysons, Virginia-based hotel REIT with 49 premium brand hotels and resorts across 14 of the top 25 markets in the U.S. affiliates include Hilton, Marriott and Hyatt. The 52-week range for Park Hotels Resorts is $11.04 to $21.62, and the stock was recently close to its low. Wells Fargo analyst Dori Kesten upgraded Park Hotels Resorts from Equal-Weight to Overweight and announced a $17 price target. … Full story available on Benzinga.