News coverage about Hersha Hospitality Trust (NYSE:HT) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Hersha Hospitality Trust earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.3054879287764 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Should Value Investors Pick Hersha Hospitality (HT) Stock? (finance.yahoo.com)
- Reviewing Summit Hotel Properties (INN) and Hersha Hospitality Trust (NYSE:HT) (americanbankingnews.com)
- Zacks: Brokerages Expect Hersha Hospitality Trust (NYSE:HT) Will Announce Quarterly Sales of $132.41 Million (americanbankingnews.com)
- Hersha Hospitality Trust (HT) Upgraded by BidaskClub to “Hold” (newstrendstoday.com)
A number of equities analysts have issued reports on the company. BidaskClub upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. FBR & Co lowered their price target on Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, July 27th. Zacks Investment Research downgraded Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price on shares of Hersha Hospitality Trust in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.00.
Shares of Hersha Hospitality Trust (NYSE:HT) traded down 0.44% during trading on Friday, reaching $18.05. The company had a trading volume of 255,812 shares. The firm has a market capitalization of $755.10 million, a P/E ratio of 7.92 and a beta of 1.38. Hersha Hospitality Trust has a 12 month low of $16.80 and a 12 month high of $22.14. The firm’s 50 day moving average price is $18.52 and its 200 day moving average price is $19.07.
Hersha Hospitality Trust (NYSE:HT) last issued its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by $0.02. The company had revenue of $138 million for the quarter, compared to analyst estimates of $134.55 million. Hersha Hospitality Trust had a net margin of 22.77% and a return on equity of 14.78%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. Equities analysts predict that Hersha Hospitality Trust will post $2.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.20%. The ex-dividend date was Wednesday, June 28th. Hersha Hospitality Trust’s payout ratio is presently 48.70%.
In other Hersha Hospitality Trust news, COO Neil H. Shah acquired 1,400 shares of Hersha Hospitality Trust stock in a transaction that occurred on Tuesday, July 11th. The stock was acquired at an average price of $18.00 per share, with a total value of $25,200.00. Following the purchase, the chief operating officer now owns 296,308 shares in the company, valued at $5,333,544. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.10% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Hersha Hospitality Trust (NYSE:HT) Stock Price” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/08/12/hersha-hospitality-trust-nyseht-earns-daily-media-impact-rating-of-0-05-updated.html.
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 July 20, 2017, the Company’s hotels included 51 hotels totaling 7,804 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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