News coverage about Hersha Hospitality Trust (NYSE:HT) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern 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 0.18 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.8981094546341 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
Shares of Hersha Hospitality Trust stock opened at $18.58 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $745.11, a PE ratio of 8.60, a PEG ratio of 1.38 and a beta of 1.28. Hersha Hospitality Trust has a fifty-two week low of $16.60 and a fifty-two week high of $19.87.
Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.09. The business had revenue of $122.62 million during the quarter, compared to analyst estimates of $115.68 million. Hersha Hospitality Trust had a return on equity of 9.47% and a net margin of 17.46%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. equities analysts anticipate that Hersha Hospitality Trust will post 1.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.12 annualized dividend and a dividend yield of 6.03%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is 51.85%.
Hersha Hospitality Trust announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. ValuEngine lowered Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays lowered Hersha Hospitality Trust from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $19.00 to $17.00 in a research report on Wednesday, December 13th. Stifel Nicolaus reiterated a “hold” rating and set a $18.00 price target (down previously from $18.50) on shares of Hersha Hospitality Trust in a research report on Thursday, February 22nd. Finally, B. Riley set a $20.00 price target on Hersha Hospitality Trust and gave the stock 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 company. The company currently has an average rating of “Hold” and a consensus target price of $18.89.
In related news, CEO Jay H. Shah bought 2,975 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were bought at an average cost of $16.75 per share, with a total value of $49,831.25. Following the completion of the transaction, the chief executive officer now directly owns 320,752 shares of the company’s stock, valued at $5,372,596. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ashish R. Parikh bought 1,485 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were bought at an average cost of $16.84 per share, for a total transaction of $25,007.40. Following the completion of the transaction, the chief financial officer now directly owns 109,465 shares of the company’s stock, valued at $1,843,390.60. The disclosure for this purchase can be found here. Corporate insiders own 8.10% of the company’s stock.
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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, 2017, the Company’s hotels included 50 hotels totaling 7,725 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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