Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Hersha Hospitality Trust (HT) Stock Price
News articles about Hersha Hospitality Trust (NYSE:HT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. 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 media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 48.6759318929311 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
HT has been the topic of several analyst reports. Wells Fargo & Co dropped their price target on shares of 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 downgraded shares of Hersha Hospitality Trust from a “hold” rating to a “strong sell” rating in a research note on Monday, November 20th. Barclays lowered shares of Hersha Hospitality Trust from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $19.00 to $17.00 in a report on Wednesday, December 13th. ValuEngine raised shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, FBR & Co reissued a “buy” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a report on Friday, October 27th. Three investment 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 company presently has an average rating of “Hold” and a consensus target price of $19.40.
Hersha Hospitality Trust (NYSE HT) opened at $18.56 on Friday. The firm has a market cap of $783.52, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 2.18 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 has a fifty-two week low of $17.15 and a fifty-two week high of $21.67.
Hersha Hospitality Trust declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 3rd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, January 5th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Thursday, January 4th. Hersha Hospitality Trust’s dividend payout ratio is currently 52.09%.
In other Hersha Hospitality Trust news, insider Neil H. Shah purchased 5,673 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $17.48 per share, with a total value of $99,164.04. Following the acquisition, the insider now owns 305,033 shares of the company’s stock, valued at approximately $5,331,976.84. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Hasu P. Shah sold 14,500 shares of Hersha Hospitality Trust stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $17.48, for a total transaction of $253,460.00. The disclosure for this sale can be found here. Insiders bought a total of 16,992 shares of company stock valued at $296,995 over the last ninety days. Company 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 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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