Is Hersha Hospitality Trust overvalued or undervalued?

As of 3 October 2023, Hersha Hospitality Trust has moved from fair to attractive. The company is currently undervalued, with a price-to-earnings ratio of 15.2, a price-to-book ratio of 1.1, and a dividend yield of 6.5%. In comparison, peers such as Park Hotels & Resorts, which has a price-to-earnings ratio of 18.0, and Host Hotels & Resorts, with a price-to-book ratio of 1.5, indicate that Hersha is trading at a discount relative to its competitors.
This valuation is further supported by recent stock performance, as Hersha has outperformed the Sensex, reinforcing the attractiveness of its current pricing. Overall, the combination of strong ratios and favorable peer comparisons suggests that Hersha Hospitality Trust presents a compelling investment opportunity at its current valuation.