Hersha Hospitality Trust (HT) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Hersha Hospitality Trust (HT) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.28 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.34. The company posted revenue of $106.87 million in the period, compared to analysts expectations of $105.59 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Hersha Hospitality Trust. Hersha Hospitality Trust was Resumed by Stifel to “Hold” on Mar 29, 2016. Shares were Reiterated by Barclays on Feb 22, 2016 to “Equal Weight” and Lowered the Price Target to $ 22 from a previous price target of $27 .Shares were Reiterated by RBC Capital Mkts on Feb 22, 2016 to “Sector Perform” and Lowered the Price Target to $ 24 from a previous price target of $26 .

Hersha Hospitality Trust opened for trading at $20.36 and hit $20.47 on the upside on Wednesday, eventually ending the session at $20.42, with a gain of 0.15% or 0.03 points. The heightened volatility saw the trading volume jump to 1,82,306 shares. Company has a market cap of $908 M.

In a different news, on Feb 25, 2016, Donald J Landry (director) purchased 1,000 shares at $20.37 per share price. According to the SEC, on Feb 23, 2016, Neil H Shah (COO) purchased 5,000 shares at $19.97 per share price. On Feb 23, 2016, Michael R Gillespie (Chief Accounting Officer) purchased 500 shares at $20.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Hersha Hospitality Trust is a real estate investment trust (REIT). The Company invests in institutional grade hotels in urban gateway markets including New York Washington DC Boston Philadelphia South Florida and West Coast. The Company owns its hotels and its investments in joint ventures through its operating partnership Hersha Hospitality Limited Partnership for which it serves as general partner. The Company owned an approximately 95.8% partnership interest in its operating partnership. Its nationally-franchised hotels operating under brands such as Marriott Residence Inn by Marriott Courtyard by Marriott Hilton Hotels Hilton Garden Inn Hampton Inn Holiday Inn Express Candlewood Suites Hyatt House Hyatt Place Hyatt and Sheraton Hotels. Its portfolio consisted of approximately 46 wholly owned limited and service properties with a total of approximately 6587 rooms and interests in approximately five limited and service properties with a total of over 1369 rooms.

Hersha Hospitality Trust

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