It’s time to start investing in oversold travel stocks, especially as we move into the warmer months of the year when demand for vacations and leisure activities picks up. Historically, around this time of the year, we see interest in companies tied to travel and tourism, as consumers begin planning trips, booking hotels, cruises, and other experiences.
Look at Hilton Worldwide (HLT).
If we pull up a three-year chart of HLT, we can see that it has a history of running around this time of year, just like the EPR REIT. Most notably, we’ll see an increase in hotel demand along the coasts and around resort areas, leading to higher occupancy rates and increased revenue. HLT also pays a dividend, last paying a quarterly dividend of 15 cents per share on March 31.
Fueling upside, analysts at Jefferies just reiterated a buy rating on the HLT stock with a $339 price target. The firm cited HLT’s strong business model. Analysts at JPMorgan reiterated an overweight rating on the stock with a price target of $350 a share.
Sincerely,
Ian Cooper
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