News coverage about Hersha Hospitality Trust (NYSE:HT) has been trending somewhat positive this week, according to Alpha One. Alpha One, a division of Accern, ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hersha Hospitality Trust earned a media sentiment score of 0.16 on Alpha One’s scale. Alpha One also assigned media headlines about the real estate investment trust an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
A number of research analysts have recently weighed in on HT shares. Brean Capital restated a “buy” rating and set a $16.00 price objective on shares of Hersha Hospitality Trust in a research report on Monday, May 1st. Barclays PLC restated an “equal weight” rating and set a $19.00 price objective (down previously from $21.00) on shares of Hersha Hospitality Trust in a research report on Wednesday, March 8th. Zacks Investment Research lowered Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Bank of America Corporation lowered Hersha Hospitality Trust from a “neutral” rating to an “underperform” rating and set a $19.00 price objective for the company. in a research report on Friday, March 3rd. Finally, ValuEngine lowered Hersha Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.11.
Hersha Hospitality Trust (NYSE:HT) traded up 0.73% on Friday, reaching $19.28. The company had a trading volume of 474,278 shares. The company’s 50-day moving average price is $18.74 and its 200 day moving average price is $19.73. Hersha Hospitality Trust has a 1-year low of $15.36 and a 1-year high of $22.14. The firm has a market capitalization of $805.81 million, a P/E ratio of 6.63 and a beta of 1.35.
Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. Hersha Hospitality Trust had a net margin of 29.30% and a return on equity of 18.72%. The company had revenue of $108 million during the quarter, compared to analysts’ expectations of $101.68 million. During the same quarter in the prior year, the company earned $0.28 EPS. On average, equities analysts forecast that Hersha Hospitality Trust will post $1.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.12 annualized dividend and a yield of 5.81%. Hersha Hospitality Trust’s dividend payout ratio is presently 38.89%.
In related news, Director Thomas J. Hutchison III sold 5,000 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $18.76, for a total transaction of $93,800.00. Following the completion of the sale, the director now owns 64,697 shares of the company’s stock, valued at approximately $1,213,715.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.10% of the stock is currently owned by corporate insiders.
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About Hersha Hospitality Trust
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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