Media headlines about Hersha Hospitality Trust (NYSE:HT) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing 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 nearest to one being the most favorable. Hersha Hospitality Trust earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.7411205313574 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of HT stock opened at $19.23 on Friday. Hersha Hospitality Trust has a 12 month low of $16.60 and a 12 month high of $19.87. The stock has a market cap of $765.82, a PE ratio of 8.90, a PEG ratio of 2.90 and a beta of 1.28. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.17.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.09. Hersha Hospitality Trust had a return on equity of 9.47% and a net margin of 17.46%. 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 firm posted $0.52 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. equities analysts predict that Hersha Hospitality Trust will post 1.8 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Thursday, March 29th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date of this dividend was Wednesday, March 28th. Hersha Hospitality Trust’s payout ratio is 51.85%.

Hersha Hospitality Trust declared that its board has approved a share buyback program on Wednesday, January 3rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

HT has been the topic of several research analyst reports. Zacks Investment Research raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Robert W. Baird set a $18.00 price objective on Hersha Hospitality Trust and gave the company a “buy” rating in a research note on Tuesday, February 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $18.00 price objective (down from $18.50) on shares of Hersha Hospitality Trust in a research note on Thursday, February 22nd. B. Riley set a $20.00 price target on Hersha Hospitality Trust and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, ValuEngine lowered Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.89.

In related news, CEO Jay H. Shah acquired 2,975 shares of the business’s stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 320,752 shares in the company, valued at $5,372,596. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ashish R. Parikh acquired 1,485 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was bought at an average cost of $16.84 per share, for a total transaction of $25,007.40. Following the completion of the purchase, the chief financial officer now owns 109,465 shares of the company’s stock, valued at $1,843,390.60. The disclosure for this purchase can be found here. 8.10% of the stock is owned by insiders.

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Hersha Hospitality Trust Company Profile

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.

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

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