Notable News to Watch: Hersha Hospitality Trust (NYSE:HT)

Hersha Hospitality Trust (NYSE:HT) stock observed trading -31.91% off 52-week high price. On the other end, the stock has been noted -0.30% away from low price over the last 52-weeks. The stock disclosed a move of -7.78% away from 50 day moving average and -11.68% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.25% off 20-day moving average. It has market cap of $652.41M and dividend yield of 6.81%.

On June 24, 2019, Hersha Hospitality Trust (NYSE:HT) owner of high-quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations, announced that the Company will release its financial results for the second quarter 2019 after the market close on Tuesday, July 30, 2019. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Wednesday, July 31, 2019. Hosting the call will be Mr. Jay H. Shah, Chief Executive Officer, Mr. Neil H. Shah, President and Chief Operating Officer, and Mr. Ashish Parikh, Chief Financial Officer.

A live audio webcast of the conference call will be available on the Company’s website at www.hersha.com.  The conference call can be accessed by dialing 1-888-317-6003 or 1-412-317-6061 for international participants and entering the passcode 2146908 approximately 10 minutes in advance of the call.  A replay of the call will be available from 11:00 AM Eastern Time on Wednesday, July 31, 2019, through 11:59 PM Eastern Time on Friday, August 30, 2019. The replay can be accessed by dialing 1-877-344-7529 or 1-412-317-0088 for international participants. The passcode for the replay is 10131953. A replay of the webcast will be available on the Company’s website for a limited time.

 

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company’s 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company’s common shares are traded on The New York Stock Exchange under the ticker HT.

The USA based company Hersha Hospitality Trust moved with change of -2.37% to $16.45 with the total traded volume of 301486 shares in recent session versus to an average volume of 281.85K. The stock was observed in the 5 days activity at -3.97%. The one month performance of stock was -7.32%. HT’s shares are at -4.69% for the quarter and driving a -22.95% return over the course of the past year and is now at -6.21% since this point in 2018.  Right now the stock beta is 1.31. The average volatility for the week and month was at 1.75% and 1.75% respectively. There are 39.66M shares outstanding and 35.54M shares are floated in market.

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