Somewhat Negative Press Coverage Somewhat Unlikely to Affect Hersha Hospitality Trust (HT) Stock Price

Media headlines about Hersha Hospitality Trust (NYSE:HT) have trended somewhat negative on Tuesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hersha Hospitality Trust earned a news impact score of 0.00 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.0464600470794 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Hersha Hospitality Trust (HT) opened at $17.35 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.10. Hersha Hospitality Trust has a 1-year low of $17.15 and a 1-year high of $22.14. The stock has a market capitalization of $727.34, a PE ratio of 7.95, a P/E/G ratio of 2.13 and a beta of 1.35.

Several equities research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating on shares of Hersha Hospitality Trust in a research report on Wednesday, November 1st. Zacks Investment Research lowered Hersha Hospitality Trust from a “hold” rating to a “strong sell” rating in a research note on Monday. DA Davidson assumed coverage on Hersha Hospitality Trust in a research note on Friday, September 29th. They issued a “buy” rating and a $21.00 target price for the company. BidaskClub upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price objective on shares of Hersha Hospitality Trust in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Hersha Hospitality Trust has an average rating of “Hold” and a consensus price target of $19.60.

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In other Hersha Hospitality Trust news, insider Neil H. Shah acquired 2,850 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $17.54 per share, for a total transaction of $49,989.00. Following the acquisition, the insider now directly owns 316,352 shares of the company’s stock, valued at approximately $5,548,814.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Neil H. Shah bought 7,044 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was purchased at an average cost of $17.44 per share, for a total transaction of $122,847.36. Following the transaction, the insider now owns 310,692 shares in the company, valued at approximately $5,418,468.48. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 28,494 shares of company stock worth $502,496. Company insiders own 8.10% of the company’s stock.

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.

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

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