News coverage about Hersha Hospitality Trust (NYSE:HT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. 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 0.08 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 50.2679502385329 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Several research analysts recently weighed in on the stock. ValuEngine downgraded shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. B. Riley set a $20.00 target price on shares of Hersha Hospitality Trust and gave the company a “buy” rating in a research note on Wednesday, February 21st. Stifel Nicolaus reissued a “hold” rating and issued a $18.00 target price (down previously from $18.50) on shares of Hersha Hospitality Trust in a research note on Thursday, February 22nd. Robert W. Baird set a $18.00 target price on shares of Hersha Hospitality Trust and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Raymond James downgraded shares of Hersha Hospitality Trust to a “hold” rating in a research note on Thursday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $19.07.
HT opened at $20.16 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $777.96 million, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.27. Hersha Hospitality Trust has a 12 month low of $16.60 and a 12 month high of $20.18.
Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.48 by ($0.84). The business had revenue of $99.64 million during the quarter, compared to analysts’ expectations of $102.92 million. Hersha Hospitality Trust had a net margin of 11.06% and a return on equity of 5.74%. sell-side analysts forecast that Hersha Hospitality Trust will post 1.84 EPS for the current fiscal year.
In other Hersha Hospitality Trust news, CEO Jay H. Shah purchased 2,975 shares of the stock in a transaction on Friday, March 2nd. The stock was bought at an average price of $16.75 per share, for a total transaction of $49,831.25. Following the acquisition, the chief executive officer now directly owns 320,752 shares of the company’s stock, valued at $5,372,596. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ashish R. Parikh purchased 1,485 shares of the stock in a transaction on Friday, March 2nd. The stock was acquired at an average price of $16.84 per share, with a total value of $25,007.40. Following the acquisition, the chief financial officer now directly owns 109,465 shares in the company, valued at $1,843,390.60. The disclosure for this purchase can be found here. 10.30% of the stock is owned by insiders.
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.
Receive News & Ratings for Hersha Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hersha Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.