Hersha Hospitality Trust (NYSE:HT) Receiving Somewhat Positive Press Coverage, Analysis Shows
News stories about Hersha Hospitality Trust (NYSE:HT) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing 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 daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.3451437524125 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities research analysts recently issued reports on HT shares. Barclays increased their price objective on Hersha Hospitality Trust from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Monday, July 30th. Zacks Investment Research raised Hersha Hospitality Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, June 27th. Jefferies Financial Group began coverage on Hersha Hospitality Trust in a research note on Thursday, May 31st. They set a “hold” rating and a $22.00 price objective on the stock. Robert W. Baird cut Hersha Hospitality Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, August 20th. Finally, DA Davidson raised their price objective on Hersha Hospitality Trust from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, June 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Hersha Hospitality Trust currently has an average rating of “Hold” and a consensus target price of $21.11.
Shares of HT stock traded up $0.03 during trading hours on Friday, hitting $23.11. 255,220 shares of the company’s stock traded hands, compared to its average volume of 300,988. The firm has a market capitalization of $908.89 million, a price-to-earnings ratio of 10.70, a PEG ratio of 2.12 and a beta of 1.30. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.56. Hersha Hospitality Trust has a 12-month low of $16.60 and a 12-month high of $24.16.
In other Hersha Hospitality Trust news, Director Thomas J. Hutchison III sold 10,000 shares of Hersha Hospitality Trust stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $21.94, for a total value of $219,400.00. Following the completion of the sale, the director now owns 85,510 shares of the company’s stock, valued at approximately $1,876,089.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 10.30% of the company’s stock.
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 7,653 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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