Press coverage about Hersha Hospitality Trust (NYSE:HT) has trended positive on Friday, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hersha Hospitality Trust earned a media sentiment score of 0.34 on Alpha One’s scale. Alpha One also assigned press coverage about the real estate investment trust an impact score of 33 out of 100, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the next several days.
Several equities analysts have weighed in on HT shares. Bank of America Corp downgraded shares of Hersha Hospitality Trust from a “neutral” rating to an “underperform” rating and set a $19.00 price target on the stock. in a report on Friday, March 3rd. FBR & Co reaffirmed a “buy” rating and set a $23.00 price target on shares of Hersha Hospitality Trust in a report on Thursday, February 23rd. Stifel Nicolaus lowered their price target on shares of Hersha Hospitality Trust from $20.50 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Monday, May 1st. Finally, ValuEngine raised shares of Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hersha Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $19.80.
Hersha Hospitality Trust (NYSE:HT) traded up 1.90% during trading on Friday, hitting $18.74. 301,106 shares of the stock traded hands. Hersha Hospitality Trust has a 52-week low of $15.36 and a 52-week high of $22.14. The stock has a 50 day moving average price of $18.57 and a 200-day moving average price of $19.69. The stock has a market cap of $783.24 million, a P/E ratio of 6.44 and a beta of 1.28.
Hersha Hospitality Trust (NYSE:HT) last announced its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. Hersha Hospitality Trust had a return on equity of 14.23% and a net margin of 22.37%. The firm had revenue of $108 million for the quarter, compared to analyst estimates of $101.68 million. During the same quarter last year, the firm posted $0.28 EPS. On average, analysts anticipate that Hersha Hospitality Trust will post $1.98 EPS for the current fiscal year.
In other news, Director Thomas J. Hutchison III sold 5,000 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $18.76, for a total transaction of $93,800.00. Following the transaction, the director now owns 64,697 shares in the company, valued at approximately $1,213,715.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.10% of the company’s stock.
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, 2016, the Company’s portfolio consisted of 43 limited and full service properties with a total of 6,344 rooms and interests in 12 limited and full service properties owned through joint venture investments with a total of 2,456 rooms.
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