Media headlines about Hersha Hospitality Trust (NYSE:HT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hersha Hospitality Trust earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 47.0463056794597 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. FBR & Co set a $20.00 price target on shares of Hersha Hospitality Trust and gave the company a “buy” rating in a report on Monday, August 28th. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 target price on shares of Hersha Hospitality Trust in a report on Friday, September 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 target price on shares of Hersha Hospitality Trust in a report on Wednesday, July 19th. Finally, BidaskClub upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.60.
Shares of Hersha Hospitality Trust (NYSE HT) opened at $17.53 on Wednesday. Hersha Hospitality Trust has a 52 week low of $17.15 and a 52 week high of $22.14. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.10. The firm has a market cap of $729.01, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35.
In other news, insider Neil H. Shah purchased 2,850 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $17.54 per share, for a total transaction of $49,989.00. Following the completion of the acquisition, the insider now owns 316,352 shares in the company, valued at $5,548,814.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Neil H. Shah bought 4,165 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was bought at an average price of $17.93 per share, for a total transaction of $74,678.45. Following the completion of the purchase, the insider now owns 297,418 shares of the company’s stock, valued at $5,332,704.74. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 28,494 shares of company stock valued at $502,496. 8.10% of the stock is currently owned by insiders.
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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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