Inactive Instrument

Hersha Hospitality Trust

HT

US4278255009

Hersha Hospitality Trust Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

August 02, 2023 at 04:46 pm EDT

Hersha Hospitality Trust reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 74.65 million compared to USD 98.24 million a year ago. Revenue was USD 97.81 million compared to USD 123.29 million a year ago. Net income was USD 7.76 million compared to USD 8.47 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.06 a year ago.
For the six months, sales was USD 132.16 million compared to USD 163.37 million a year ago. Revenue was USD 172.96 million compared to USD 205.16 million a year ago. Net loss was USD 1.13 million compared to USD 7.72 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.5 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 0.5 a year ago.

Latest news about Hersha Hospitality Trust

Hersha Hospitality Trust(NYSE:HT) dropped from S&P TMI Index	Nov. 30	CI
Hersha Hospitality Trust(NYSE:HT) dropped from S&P Global BMI Index	Nov. 30	CI
Affiliates of KSL Advisors, LLC completed the acquisition of Hersha Hospitality Trust (NYSE:HT) from shareholders.	Nov. 27	CI
North American Morning Briefing : Stocks Seen -2-	Nov. 15	DJ
Hersha Hospitality Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Hersha Hospitality Trust Keeps Quarterly Dividend at $0.05 a Share, Payable Oct. 16 to Holders of Record Sept. 29	23-09-13	MT
Hersha Hospitality Trust Approves Cash Dividend on Common Share and Limited Partnership Unit for the Quarter Ending September 30, 2023, Payable October 16, 2023	23-09-13	CI
B. Riley Downgrades Hersha Hospitality Trust to Neutral From Buy on Heels of Announced Sale to KSL Capital Partners; Lifts PT to $10 From $9	23-09-01	MT
Jefferies Downgrades Hersha Hospitality Trust to Hold From Buy, Cuts Price Target to $10 From $12	23-08-29	MT
Baird Adjusts Price Target on Hersha Hospitality Trust to $10 From $7, Maintains Neutral Rating	23-08-29	MT
Deutsche Bank Adjusts Hersha Hospitality Trust Price Target to $10 From $8, Maintains Hold Rating	23-08-29	MT
China’s much-awaited-stimulus keeps markets going	23-08-29
BMO Capital Adjusts Hersha Hospitality Trust's Price Target to $10 From $7, Keeps Market Perform Rating	23-08-29	MT
Barclays Upgrades Hersha Hospitality Trust to Equalweight From Underweight, Adjusts Price Target to $10 From $8	23-08-29	MT
Stifel Downgrades Hersha Hospitality Trust to Hold From Buy, Adjusts Price Target to $10 From $8.75	23-08-29	MT
ANALYST RECOMMENDATIONS : AT&T, Celanese, M&S, Snap, Verizon...	23-08-29
Sector Update: Financial Stocks Rising Late Afternoon	23-08-28	MT
Top Midday Gainers	23-08-28	MT
Sector Update: Financial Stocks Advancing Monday Afternoon	23-08-28	MT
Sector Update: Financial	23-08-28	MT
Top Stories at Midday: 3M to Settle Ear-Plug Lawsuit; Boston Scientific's A-Fib Therapy Meets Endpoint; Merger Monday	23-08-28	MT
Hersha Hospitality Trust to Be Acquired by KSL Capital for $1.4 Billion in Cash; Shares Jump	23-08-28	MT
Transcript : Hersha Hospitality Trust, Q2 2023 Earnings Call, Aug 03, 2023	23-08-03
Hersha Hospitality Trust Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-02	CI
(HT) HERSHA HOSPITALITY TRUST Forecasts Q3 EPS Range $0.24 - $0.30	23-08-02	MT

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Company Profile

Hersha Hospitality Trust is a self-advised real estate investment trust (REIT) in the hospitality sector. The Company owns and operates luxury and lifestyle hotels in coastal gateway and resort markets. It has approximately 25 hotels totaling 3,811 rooms are located in New York, Washington, District of Columbia, Boston, Philadelphia, South Florida, and California. The Company's portfolio consists of 22 wholly owned limited and full service properties with a total of 3,392 rooms, one hotel owned through a joint venture with a total of 115 rooms, and interests in two limited service properties owned through joint venture investments with a total of 304 rooms. These 25 properties, with a total of 3,811 rooms, are located in California, Connecticut, the District of Columbia, Florida, Maryland, Massachusetts, New York, and Pennsylvania. The Company operates under brands owned by Marriott International, Inc. (Marriott), Hilton Worldwide, Inc.

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Specialized REITs

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