News headlines about Hersha Hospitality Trust (NYSE:HT) have trended somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Hersha Hospitality Trust earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.7435570318811 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
HT stock opened at $17.90 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.17. The company has a market cap of $712.85, a P/E ratio of 8.29, a P/E/G ratio of 1.33 and a beta of 1.28. Hersha Hospitality Trust has a 52 week low of $16.60 and a 52 week high of $19.87.
Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.39 by $0.09. The business had revenue of $122.62 million during the quarter, compared to analysts’ expectations of $115.68 million. Hersha Hospitality Trust had a net margin of 17.46% and a return on equity of 9.47%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. analysts anticipate that Hersha Hospitality Trust will post 1.78 earnings per share for the current year.
Hersha Hospitality Trust declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 3rd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Barclays cut shares of Hersha Hospitality Trust from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $19.00 to $17.00 in a report on Wednesday, December 13th. Robert W. Baird set a $18.00 price target on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a report on Tuesday, February 27th. Stifel Nicolaus restated a “hold” rating and set a $18.00 price target (down from $18.50) on shares of Hersha Hospitality Trust in a report on Thursday, February 22nd. Finally, B. Riley set a $20.00 price target on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Hersha Hospitality Trust presently has an average rating of “Hold” and a consensus price target of $18.89.
In other Hersha Hospitality Trust news, CFO Ashish R. Parikh acquired 1,485 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average price of $16.84 per share, with a total value of $25,007.40. Following the completion of the transaction, the chief financial officer now owns 109,465 shares in the company, valued at $1,843,390.60. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jay H. Shah acquired 2,975 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average cost of $16.75 per share, for a total transaction of $49,831.25. Following the transaction, the chief executive officer now owns 320,752 shares of the company’s stock, valued at approximately $5,372,596. The disclosure for this purchase can be found here. 8.10% of the stock is currently owned by company insiders.
Hersha Hospitality Trust Company Profile
Hersha Hospitality Trust is a self-advised real estate investment trust (REIT). The Company invests primarily in institutional grade hotels in urban gateway markets, including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. As of December 31, 2017, the Company’s hotels included 50 hotels totaling 7,725 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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