Last $6.76 USD
Change Today -0.05 / -0.73%
Volume 1.4M
HT On Other Exchanges
Symbol
Exchange
New York
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As of 4:15 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

hersha hospitality trust (HT) Snapshot

Open
$6.77
Previous Close
$6.81
Day High
$6.80
Day Low
$6.72
52 Week High
11/28/14 - $7.49
52 Week Low
03/3/14 - $5.52
Market Cap
1.3B
Average Volume 10 Days
3.3M
EPS TTM
$0.72
Shares Outstanding
198.8M
EX-Date
12/31/14
P/E TM
9.4x
Dividend
$0.28
Dividend Yield
3.85%
Current Stock Chart for HERSHA HOSPITALITY TRUST (HT)

hersha hospitality trust (HT) Related Businessweek News

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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.

48 Employees
Last Reported Date: 02/20/15
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 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.

 

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Industry Analysis

HT

Industry Average

Valuation HT Industry Range
Price/Earnings 25.0x
Price/Sales 3.2x
Price/Book 1.6x
Price/Cash Flow 9.8x
TEV/Sales 0.9x
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