Last $6.55 USD
Change Today -0.06 / -0.91%
Volume 1.2M
HT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

hersha hospitality trust (HT) Snapshot

Open
$6.62
Previous Close
$6.61
Day High
$6.69
Day Low
$6.52
52 Week High
08/19/14 - $6.95
52 Week Low
02/7/14 - $5.18
Market Cap
1.3B
Average Volume 10 Days
979.6K
EPS TTM
$0.22
Shares Outstanding
200.7M
EX-Date
06/26/14
P/E TM
30.2x
Dividend
$0.24
Dividend Yield
3.66%
Current Stock Chart for HERSHA HOSPITALITY TRUST (HT)

hersha hospitality trust (HT) Related Businessweek News

No Related Businessweek News Found

hersha hospitality trust (HT) Details

Hersha Hospitality Trust, a real estate investment trust, engages in the ownership and operation of mid scale limited service hotels in the Eastern United States. As of June 30, 2005, it owned interests in 35 hotels, including 4 hotels owned through joint ventures in Pennsylvania, New York, New Jersey, Maryland, Georgia, Connecticut, and Massachusetts. The company has elected to be taxed as a REIT under the Internal Revenue Code. As a REIT, Hersha would not be subject to income tax to the extent it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1998 and is headquartered in New Cumberland, Pennsylvania.

49 Employees
Last Reported Date: 02/27/14
Founded in 1998

hersha hospitality trust (HT) Top Compensated Officers

Chief Executive Officer and Trustee
Total Annual Compensation: $680.0K
President and Chief Operating Officer
Total Annual Compensation: $655.0K
Chief Financial Officer and Assistant Secreta...
Total Annual Compensation: $425.0K
Chairman and President of Hersha Enterprises ...
Total Annual Compensation: $225.0K
Chief Accounting Officer, Controller and Assi...
Total Annual Compensation: $285.0K
Compensation as of Fiscal Year 2013.

hersha hospitality trust (HT) Key Developments

Hersha Hospitality Trust Declares Quarterly Cash Dividend for Second Quarter 2014

The Board of Hersha Hospitality Trust declared quarterly cash dividends of $0.06 per common share and per OP Unit for second quarter 2014.

Hersha Hospitality Trust Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Earnings Guidance for 2014

Hersha Hospitality Trust announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced total revenues of $111,553,000 compared to $90,539,000 for the same period a year ago. Operating income was $25,520,000 compared to $17,239,000 for the same period a year ago. Income before income taxes was $58,587,000 compared to $19,512,000 for the same period a year ago. Income from continuing operations was $58,586,000 or $0.27 per diluted share compared to $18,073,000 or $0.07 per diluted share for the same period a year ago. Net income applicable to common shareholders was $53,342,000 or $0.27 per diluted share compared to $14,286,000 or $0.07 per diluted share for the same period a year ago. Adjusted Funds from Operations increased $7.3 million to $34.6 million, compared to $27.3 million in the second quarter 2013. AFFO per diluted common share and unit of limited partnership interest in Hersha Hospitality Limited Partnership was $0.17, an increase from AFFO of $0.13 per diluted common share and OP Unit in the second quarter 2013. Adjusted EBITDA was $50,480,000 compared to $45,289,000 for the same period a year ago. For the six months, the company announced total revenues of $191,503,000 compared to $156,132,000 for the same period a year ago. Operating income was $31,144,000 compared to $19,164,000 for the same period a year ago. Income before income taxes was $53,381,000 compared to $11,821,000 for the same period a year ago. Income from continuing operations was $53,488,000 or $0.22 per diluted share compared to $11,512,000 or $0.01 per diluted share for the same period a year ago. Net income applicable to common shareholders was $43,747,000 or $0.22 per diluted share compared to $1,189,000 or $0.01 per basic and diluted share for the same period a year ago. Adjusted Funds from Operations was $46.2 million, compared to $35.4 million for the same period last year. AFFO per diluted common share and unit of limited partnership interest in Hersha Hospitality Limited Partnership was $0.22, against $0.17 for the same period last year. Adjusted EBITDA was $76,659,000 compared to $67,596,000 for the same period a year ago. The Company's revised outlook for 2014. The company expects Consolidated RevPAR Growth will be in the range of 6.5% to 8.0%. Net Income will be in the range of $48 million to $53 million. Net Income per Diluted Share will be in the range of $0.24 to $0.27. Total Adjusted EBITDA will be in the range of $157 million to $162 million. Total AFFO will be in the range of $95 million to $100 million. AFFO per Diluted Share will be in the range of $0.46 to $0.48.

Hersha Hospitality Trust to Report Q2, 2014 Results on Aug 05, 2014

Hersha Hospitality Trust announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 05, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HT:US $6.55 USD -0.06

HT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Aviv REIT Inc $27.39 USD -0.08
EastGroup Properties Inc $60.73 USD -0.20
Government Properties Income Trust $22.89 USD -0.05
Pennsylvania Real Estate Investment Trust $21.05 USD +0.61
Saul Centers Inc $46.77 USD -0.27
View Industry Companies
 

Industry Analysis

HT

Industry Average

Valuation HT Industry Range
Price/Earnings 28.8x
Price/Sales 3.5x
Price/Book 1.6x
Price/Cash Flow 8.6x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HERSHA HOSPITALITY TRUST, please visit www.hersha.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.