Somewhat Positive Media Coverage Somewhat Unlikely to Affect Hersha Hospitality Trust (HT) Stock Price

News articles about Hersha Hospitality Trust (NYSE:HT) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hersha Hospitality Trust earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.2873386978205 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Hersha Hospitality Trust (HT) opened at $17.99 on Wednesday. Hersha Hospitality Trust has a one year low of $17.15 and a one year high of $21.67. The stock has a market capitalization of $745.23, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 2.07 and a beta of 1.35. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.71). Hersha Hospitality Trust had a net margin of 21.06% and a return on equity of 13.52%. equities research analysts expect that Hersha Hospitality Trust will post 1.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, January 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend was Thursday, January 4th. Hersha Hospitality Trust’s payout ratio is currently 52.09%.

Hersha Hospitality Trust announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 3rd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

HT has been the topic of several recent analyst reports. Wells Fargo & Co cut their price target on Hersha Hospitality Trust from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research cut Hersha Hospitality Trust from a “hold” rating to a “strong sell” rating in a research note on Monday, November 20th. ValuEngine upgraded Hersha Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Barclays cut Hersha Hospitality Trust from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $19.00 to $17.00 in a research note on Wednesday, December 13th. Finally, FBR & Co reiterated a “buy” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a research note on Friday, October 27th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.40.

In related news, COO Neil H. Shah purchased 2,823 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were acquired at an average cost of $17.71 per share, for a total transaction of $49,995.33. Following the transaction, the chief operating officer now owns 305,033 shares of the company’s stock, valued at $5,402,134.43. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Neil H. Shah purchased 5,673 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were bought at an average price of $17.48 per share, for a total transaction of $99,164.04. Following the completion of the transaction, the insider now directly owns 305,033 shares in the company, valued at approximately $5,331,976.84. The disclosure for this purchase can be found here. Insiders have acquired 19,815 shares of company stock worth $346,990 in the last 90 days. 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.

Insider Buying and Selling by Quarter for Hersha Hospitality Trust (NYSE:HT)

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