Hersha Hospitality Trust(NYSE:HT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $111.445M. Analysts estimated a revenue of $115.770M. The revenues were -3.74% below the estimates. Earnings per share were $0.52. The reported EPS was below estimates by 1,833.33%. Analysts had estimated an EPS of $-0.03.
Hersha Hospitality Trust (HT) made into the market gainers list on Wednesdays trading session with the shares advancing 0.24% or 0.05 points. Due to strong positive momentum, the stock ended at $21.17, which is also near the day’s high of $21.27. The stock began the session at $21.12 and the volume stood at 9,10,668 shares. The 52-week high of the shares is $22.15 and the 52 week low is $15.36. The company has a current market capitalization of $886 M and it has 4,18,40,047 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jan 3, 2017, Thomas J Iii Hutchison (director) sold 8,000 shares at $21.33 per share price.Also, On Nov 7, 2016, Neil H Shah (COO) purchased 1,471 shares at $17.00 per share price.On Nov 7, 2016, Jay H Shah (CEO) purchased 1,471 shares at $17.00 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.