Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $6.47 USD
Change Today -0.03 / -0.46%
Volume 1.3M
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

hersha hospitality trust (HT) Key Developments

Hersha Hospitality Trust Announces Quarterly Cash Dividend for the First Quarter Ending March 31, 2015, Payable on April 15, 2015; Declares Cash Dividend on Preferred Share, Payable on April 15, 2015

Hersha Hospitality Trust announced that its Board of Trustees declared a cash dividend of $0.50 per Series B Preferred Share and $0.4297 per Series C Preferred Share for the first quarter ending March 31, 2015. The preferred share dividends are payable April 15, 2015 to holders of record as of April 1, 2015. The Board of Trustees also declared quarterly cash dividends of $0.07 per Common Share and per Limited Partnership unit for the first quarter ending March 31, 2015. The common share dividend and limited partnership unit distribution are payable April 15, 2015 to holders of record as of March 31, 2015.

Hersha Hospitality Trust Presents at Citl's 2015 Global Property CEO Conference, Mar-04-2015 10:50 AM

Hersha Hospitality Trust Presents at Citl's 2015 Global Property CEO Conference, Mar-04-2015 10:50 AM. Venue: The Diplomat Resort & Spa, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: Jay H. Shah, Chief Executive Officer and Trustee.

Hersha Hospitality Seeks Acquisitions

Hersha Hospitality Trust (NYSE:HT) is seeking acquisitions. "We continue to target acquisitions within in place cash flow that's been our urban transient strategy however we'll remain disciplined and only pursue assets that meet our criteria in terms of markets and growth profile that exceed our portfolio average economic return metrics." said Jay Shah, Chief Executive Officer of Hersha.

Hersha Hospitality Trust Declares Quarterly Cash Dividend; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full-Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Hersha Hospitality Trust Board of Trustees declared quarterly cash dividends of $0.07 per common share and per OP Unit for the fourth quarter. The company announced unaudited consolidated earnings results for the fourth quarter and full-year ended December 31, 2014. For the quarter, total revenues were $112,926,000, compared to $92,101,000 for the last year. Operating income was $18,751,000, compared to $11,764,000 for the last year. Income before income taxes was $6,732,000 compared to loss before income taxes of $124,000 for the last year. Income from continuing operations was $8,611,000, compared to $3,194,000 for the last year. Net income applicable to common shareholders was $5,106,000 or $0.02 per diluted share compared to $32,687,000 or $0.16 per diluted share for the last year. Diluted income from continuing operations applicable to common shareholders was $0.02 against diluted loss from continuing operations applicable to common shareholders of $0.01 a year ago. Funds from operations applicable to common shares and partnership units were $24,506,000, compared to $20,948,000 for the last year. Adjusted funds from operations were $28,300,000 or $0.14 per diluted share compared to $24,586,000 or $0.12 per diluted share for the last year. Adjusted EBITDA was $42,091,000 compared to $37,783,000 for the last year. For the year, total revenues were $417,406,000, compared to $338,413,000 for the last year. Operating income was $67,909,000, compared to $44,690,000 for the last year. Income before income taxes was $67,251,000, compared to $15,153,000 for the last year. Income from continuing operations was $69,936,000 or $0.27 per basic and diluted share compared to $20,753,000 or $0.02 per basic and diluted share for the last year. Net income applicable to common shareholders was $52,899,000 or $0.26 per basic and diluted share compared to $32,752,000 or $0.16 per basic and diluted share for the last year. The increase in net income reported was primarily attributable to same store growth, contributions from stabilizing assets, as well as income generated from acquisitions and completed development projects. Funds from operations applicable to common shares and partnership units were $89,139,000, compared to $70,495,000 for the last year. Adjusted funds from operations were $102,832,000 or $0.49 per diluted share compared to $86,487,000 or $0.41 per diluted share for the last year. Adjusted EBITDA was $162,506,000 compared to $146,015,000 for the last year. Total 2014 CapEx spend was approximately $38 million, with normal hip renovations and maintenance CapEx totaling approximately $23 million. The company provided earnings guidance for 2015. For the year, the company estimates net income in the range of $27.0 million to $31.0 million, net income per diluted share in the range of $0.13 to $0.15, adjusted EBITDA in the range of $176.0 million to $180.0 million, adjusted FFO in the range of $116.0 million to $120.0 million and adjusted FFO per diluted share in the range of $0.56 to $0.58. Total CapEx spend expected to decline significantly to between $18 million and $22 million in 2015.

Hersha Hospitality Trust Presents at Americas Lodging Investment Summit, Jan-26-2015 through Jan-28-2015

Hersha Hospitality Trust Presents at Americas Lodging Investment Summit, Jan-26-2015 through Jan-28-2015. Venue: JW Marriott & Nokia Theatre L.A., Los Angeles, California, United States. Presentation Date & Speakers: Jan-27-2015, Jay H. Shah, Chief Executive Officer and Trustee. Jan-28-2015, Neil H. Shah, President and Chief Operating Officer.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HT:US $6.47 USD -0.03

HT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Cousins Properties Inc $10.63 USD +0.06
EastGroup Properties Inc $59.32 USD +0.13
Lexington Realty Trust $9.85 USD -0.16
Pennsylvania Real Estate Investment Trust $23.11 USD +0.12
Saul Centers Inc $56.70 USD +0.19
View Industry Companies
 

Industry Analysis

HT

Industry Average

Valuation HT Industry Range
Price/Earnings 24.1x
Price/Sales 3.1x
Price/Book 1.6x
Price/Cash Flow 9.4x
TEV/Sales 0.8x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HERSHA HOSPITALITY TRUST, please visit . 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.