Here’s What O’keefe Stevens Discussed About Hersha Hospitality Trust (HT)

O’keefe Stevens Advisory, an investment advisory firm, released its third-quarter 2023 investor letter. A copy of the same can be downloaded here. Although the major indices have posted positive gains for the year, this performance has been largely driven by a select group of stocks known as the “magnificent seven.” At the end of Q3, the fund’s top 5 holdings comprised approximately 27% of assets, a decrease from 35% at the end of Q2. In addition, please check the fund’s top five...