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Hersha Hospitality Trust  (HT)
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Price: $9.9900 $-0.01 -0.100%
Day's High: $10 Week Perf: 0.4 %
Day's Low: $ 9.98 30 Day Perf: 0.81 %
Volume (M): 1,489 52 Wk High: $ 10.00
Volume (M$): $ 14,877 52 Wk Avg: $7.56
Open: $9.99 52 Wk Low: $5.64



 Market Capitalization (Millions $) 400
 Shares Outstanding (Millions) 40
 Employees 783
 Revenues (TTM) (Millions $) 361
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) 44
 Capital Exp. (TTM) (Millions $) 35

Hersha Hospitality Trust
Hersha Hospitality Trust is a real estate investment trust (REIT) that owns and operates a portfolio of upscale hotels across the United States. The company was founded in 1998 and is headquartered in Philadelphia, Pennsylvania.

Hersha Hospitality Trust's portfolio includes over 50 hotels with a total of more than 7,500 rooms. The company's focus is on owning and operating upscale, boutique hotels in urban markets, such as New York City, Los Angeles, and Miami. Hersha's hotels are typically located in prime locations, close to major attractions, business centers, and transportation hubs.

The company's hotels are targeted at both business and leisure travelers, and offer a range of amenities, such as fitness centers, restaurants, and meeting facilities. Many of Hersha's hotels are affiliated with major hotel brands, such as Marriott, Hilton, and Hyatt.

Hersha is committed to sustainability and has implemented several green initiatives across its portfolio. Many of its hotels have received LEED certification and are equipped with energy-efficient lighting and HVAC systems.

In addition to its hotel operations, Hersha also owns and operates several parking facilities in major urban markets. The company's parking assets provide a supplementary source of revenue and support its hotel operations.

Overall, Hersha Hospitality Trust is a leading player in the upscale hotel market, with a strong focus on urban markets and a commitment to sustainability. Its diverse portfolio and strategic partnerships with major hotel brands position it well for continued growth and success in the hospitality industry.


   Company Address: 44 Hersha Drive Harrisburg 17102 PA
   Company Phone Number: 236-4400   Stock Exchange / Ticker: NYSE HT
   


   

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Hersha Hospitality Trust

Transforming Challenges into Triumphs: Hersha Hospitality Trust's Remarkable Financial Performance in Q3 2023

During the past 5 trading days, shares of Hersha Hospitality Trust experienced a slight increase of 0.1 percent. This brings the year-to-date performance of the company to an impressive 21.54 percent. However, it is worth noting that Hersha Hospitality Trust shares are currently 3.7 percent short off the 52-week high.
Looking at the company's financial performance in the third quarter of 2023, Hersha Hospitality Trust slipped into a shortfall of $-0.11 per share compared to $2.82 per share a year ago. The earnings per share also fell from $0.04 in the preceding quarter. Furthermore, the company saw a noteworthy decrease in revenue of -11.764 percent, amounting to $91.98 million, compared to $104.25 million in the same quarter of the previous year. Sequentially, revenue decreased by -5.96 percent from $97.81 million.

Dividend

Hersha Hospitality Trust Approves Cash Dividend and Limited Partnership Unit Distribution for Q3 2023, Demonstrating Commitment to Shareholders

Published Wed, Sep 13 2023 8:15 PM UTC


Article:
PHILADELPHIA, Sept. 13, 2023 - Hersha Hospitality Trust (NYSE: HT), a leading owner of luxury and lifestyle hotels in coastal gateway and resort markets, has recently announced that its Board of Trustees has approved a cash dividend of $0.05 per common share and per limited partnership unit for the third quarter ending September 30, 2023. This decision high...

Hersha Hospitality Trust

Hersha Hospitality Trust Reports a Sharp 20.663% Decline in Q2 2023 Revenue, Contrasting the Overall REIT Sector Growth

Hersha Hospitality Trust, a Real Estate Investment Trust (REIT), reported a decline in their financial results for the period spanning April to June 2023. The company's income fell by 20% to $0.04 per share, compared to $0.05 per share in the same period last year. However, it is worth noting that the net profit per share turned positive, improving from -$0.38 per share in the preceding reporting period.
The revenue for the quarter also took a hit, plummeting by 20.663% to $97.81 million from $123.29 million in the corresponding period a year ago. On a sequential basis, the revenue saw a surge of 30.158% from $75.15 million in the previous quarter. This decline in revenue is in stark contrast to the overall performance of the REIT sector, which recorded a revenue gain during the same period.






 

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