News headlines about Hersha Hospitality Trust (NYSE:HT) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hersha Hospitality Trust earned a news sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 47.3054879287764 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Hersha Hospitality Trust (HT) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- 6+% While Waiting For 15-25% Upside? Back The Truck Up (seekingalpha.com)
- Hersha Hospitality Trust Closes $475 Million Senior Unsecured Credit Facility (finance.yahoo.com)
- Were Analysts Bearish Hersha Hospitality Trust (NYSE:HT) This Week? (footballhebdo.com)
- Hersha Hospitality Trust (NYSE:HT) Earns Daily News Sentiment Rating of 0.10 (topactu.net)
HT has been the subject of a number of research analyst reports. Brean Capital reiterated a “buy” rating and issued a $16.00 target price on shares of Hersha Hospitality Trust in a research note on Monday, May 1st. ValuEngine cut shares of Hersha Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. BidaskClub upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, FBR & Co cut their target price on shares of Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $20.00.
Shares of Hersha Hospitality Trust (NYSE HT) traded down 1.09% during mid-day trading on Friday, hitting $18.10. 917,771 shares of the company were exchanged. The company’s 50-day moving average price is $18.41 and its 200-day moving average price is $18.99. The firm has a market capitalization of $757.20 million, a P/E ratio of 7.94 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.
Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The firm had revenue of $138 million for the quarter, compared to analyst estimates of $134.55 million. Hersha Hospitality Trust had a return on equity of 14.78% and a net margin of 22.77%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. Equities research analysts predict that Hersha Hospitality Trust will post $2.23 earnings per share for the current fiscal year.
In related news, COO Neil H. Shah purchased 1,400 shares of Hersha Hospitality Trust stock in a transaction on Tuesday, July 11th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $25,200.00. Following the completion of the acquisition, the chief operating officer now owns 296,308 shares of the company’s stock, valued at approximately $5,333,544. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 8.10% of the company’s stock.
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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 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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