Headlines about Hersha Hospitality Trust (NYSE:HT) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hersha Hospitality Trust earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.4228752321941 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Hersha Hospitality Trust (HT) Lowered to Sell at BidaskClub (americanbankingnews.com)
- Hersha Hospitality Trust (HT) to Release Earnings on Tuesday (americanbankingnews.com)
- FBR & Co Trims Hersha Hospitality Trust (HT) Target Price to $21.00 (americanbankingnews.com)
- Hersha Hospitality Trust (HT) Upgraded to Hold at BidaskClub (americanbankingnews.com)
Several brokerages have recently commented on HT. Zacks Investment Research upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Saturday, March 24th. Robert W. Baird set a $18.00 price objective on Hersha Hospitality Trust and gave the company a “buy” rating in a report on Tuesday, February 27th. ValuEngine lowered Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $18.00 target price (down from $18.50) on shares of Hersha Hospitality Trust in a research report on Thursday, February 22nd. Finally, B. Riley set a $20.00 target price on Hersha Hospitality Trust and gave the company a “buy” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.89.
Shares of Hersha Hospitality Trust stock opened at $19.49 on Thursday. The stock has a market capitalization of $773.78, a P/E ratio of 9.02, a P/E/G ratio of 2.93 and a beta of 1.28. Hersha Hospitality Trust has a twelve month low of $16.60 and a twelve month high of $19.87. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.31 and a current ratio of 0.31.
Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.09. Hersha Hospitality Trust had a net margin of 17.46% and a return on equity of 9.47%. The firm had revenue of $122.62 million for the quarter, compared to analyst estimates of $115.68 million. During the same period last year, the company posted $0.52 EPS. Hersha Hospitality Trust’s quarterly revenue was up 10.0% compared to the same quarter last year. sell-side analysts forecast that Hersha Hospitality Trust will post 1.8 EPS for the current year.
Hersha Hospitality Trust declared that its board has authorized a share buyback program on Wednesday, January 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Wednesday, March 28th. Hersha Hospitality Trust’s dividend payout ratio (DPR) is 51.85%.
In other news, CFO Ashish R. Parikh purchased 1,485 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average price of $16.84 per share, for a total transaction of $25,007.40. Following the acquisition, the chief financial officer now directly owns 109,465 shares of the company’s stock, valued at $1,843,390.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jay H. Shah purchased 2,975 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were purchased at an average price of $16.75 per share, with a total value of $49,831.25. Following the acquisition, the chief executive officer now directly owns 320,752 shares in the company, valued at $5,372,596. The disclosure for this purchase can be found here. Company insiders own 8.10% of the company’s stock.
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About Hersha Hospitality Trust
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,584 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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