Hersha Hospitality Trust Class A

Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates hotels in urban gateway markets. Its hotel properties are located in in New York, Boston, Philadelphia, Washington, the District of Columbia, Miami, and select markets on the West Coast. The company was founded by Hasu P. Shah in May 1998 and is headquartered in Harrisburg, PA.

Earnings data Q4 2019

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Earnings data Q2 2024

Hersha Hospitality Trust (HT) excels in Q4 2022 performance

HT's Q4 2022 showcased strong performance and strategic initiatives to maximize shareholder value. While facing challenges like margin pressures and staffing levels, the company aims to capitalize on opportunities through acquisitions and portfolio reinvestment.

Hersha Hospitality Trust reports strong Q1 performance and eyes growth opportunities

Hersha Hospitality Trust reported strong Q1 performance with RevPAR growth and successful renovations. The company faces challenges in certain markets but remains focused on long-term growth and operational efficiency. Opportunities lie in reducing debt exposure and improving operational results.

Hersha Hospitality Trust reports strong Q2 performance in urban markets

Hersha Hospitality Trust's Q2 performance in core urban markets was strong, with a positive outlook for continued growth. The company's strategic initiatives to reduce debt and enhance financial flexibility position it well for the future. Despite challenges like recovering international room revenue and higher borrowing costs, opportunities in attractive supply dynamics and minimal renovation impact are on the horizon.

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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.

Presented at the NYU International Hospitality Industry Investment Conference; First Time the Award Presented to a Family Presented at the NYU International Hospitality Industry Investment Conference; First Time the Award Presented to a Family

The Shah Family of Hersha Hotels and Resorts Honored with the Prestigious Stephen W. Brener Silver Plate Award

PHILADELPHIA, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hotels and Resorts (“Hersha” or “the Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced the tax classification of Hersha Hospitality Trust's (“HHT”) Priority Class A Common Share (“Common Shares”), Series C Cumulative Redeemable Preferred Share (“Series C Preferred Shares”), Series D Cumulative Redeemable Preferred Share (“Series D Preferred Shares”) and Series E Cumulative Redeemable Preferred Share (“Series E Preferred Shares”) distributions for 2023 for Federal income tax reporting purposes. The tax information provided below relates to HHT prior to the November 28, 2023 merger between HHT and 1776 Portfolio REIT Merger Sub, LLC (“REIT Merger Sub”) pursuant to that certain Agreement and Plan of Merger, dated as of August 27, 2023, by and among HHT, REIT Merger Sub and the other parties thereto, and it should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders should consult their tax advisors as to the tax treatment of the distributions.

Hersha Hotels and Resorts Announces Dividend Classification for 2023

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In rough markets it's important to keep and eye out for overbought stocks. Finding the right timing to buy and sell stocks will always be a sought-after skill by any investor searching for that holy grail.

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NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Hersha Hospitality Trust (NYSE: HT) to KSL Capital Partners, LLC. Under the terms of the proposed transaction, shareholders of Hersha will receive $10.00 in cash for each share of Hersha that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whethe.

HERSHA HOSPITALITY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hersha Hospitality Trust - HT

PHILADELPHIA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, announced that it has set November 8, 2023 as the date for the special meeting of shareholders (the “Special Meeting”) to approve the previously announced acquisition by affiliates of KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses.

Hersha Hospitality Trust Announces Date of Special Meeting to Approve Acquisition by KSL Capital Partners

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The REIT sector gave up some of the gains achieved in June and July, with a -4.13% average total return in August. Small cap REITs (-2.49%) outperformed again in August. Micro caps (-13.08%) badly underperformed their larger REIT peers. Only 18.06% of REIT securities had a positive total return in August, with 48.13% in the black year to date.

The State Of REITs: September 2023 Edition

PHILADELPHIA, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced its Board of Trustees has approved a cash dividend of $0.05 per common share and per limited partnership unit for the third quarter ending September 30, 2023. These common share dividends and limited partnership unit distributions are payable October 16, 2023 to holders of record as of September 29, 2023.

Hersha Hospitality Trust Announces Quarterly Dividend

MILWAUKEE , Aug. 28, 2023 /PRNewswire/ -- Ademi LLP is investigating Hersha (NYSE: HT) for possible breaches of fiduciary duty and other violations of law in its transaction with KSL. Click here to learn how to join the action https://www.ademilaw.com/case/hersha-hospitality-trust or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Hersha Hospitality Trust has obtained a Fair Price in its transaction with KSL

Hersha Hospitality Trust agreed to be acquired by private equity firm KSL Capital Partners at a 60% premium to Friday's closing price. The deal still requires shareholder approval, but is expected to close by the end of 2023.

Why Hersha Hospitality Trust Stock Skyrocketed 56% Today

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Hersha Hospitality Trust (NYSE: HT) to affiliates of KSL Capital Partners, LLC for $10.00 per share is fair to Hersha shareholders. Halper Sadeh encourages Hersha shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether.

HT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Hersha Hospitality Trust Is Fair to Shareholders

Shares of Hersha Hospitality Trust HT, soared 56.7% toward an eight-month high in premarket trading Monday, after the real estate investment trust focused on the hospitality sector announced an agreement to be acquired by private equity firm KSL Capital Partners LLC in a cash deal valued at $1.4 billion. Under terms of the deal, KSL will pay $10 in cash for each Hersha share outstanding, which represents a 59.2% premium to Friday's closing price of $6.28.

Hersha Hospitality stock soars after buyout deal at 59% premium with KSL Capital

Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price Provides shareholders with immediate and certain value at a substantial premium PHILADELPHIA and DENVER, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, and KSL Capital Partners, LLC (“KSL”), a leading investor in travel and leisure businesses, today announced a definitive merger agreement, entered into on August 27, 2023, under which affiliates of KSL will acquire all of the outstanding common shares of Hersha for $10.00 per share in an all-cash transaction valued at approximately $1.4 billion. The purchase price represents a premium of approximately 60% over Hersha's closing share price on August 25, 2023, the last full trading day prior to this announcement.

Hersha Hospitality Trust to be Acquired by KSL Capital Partners

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12 Sturdy REITs Expected To Grow Revenues By Double Digits

Hersha Hospitality Trust (NYSE:HT ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Andrew Tamaccio - Finance Associate Neil Shah - President, CEO & Director Ashish Parikh - CFO, EVP & Assistant Secretary Conference Call Participants Aryeh Klein - BMO Capital Markets Tyler Batory - Oppenheimer David Katz - Jefferies Chris Woronka - Deutsche Bank Daniel Hogan - Robert W. Baird & Co. Operator Hello, everyone, and welcome to the Hersha Hospitality Trust Second Quarter 2023 Earnings Conference Call and Webcast.

Hersha Hospitality Trust (HT) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Hersha Hospitality (HT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Hersha Hospitality (HT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Hersha Hospitality (HT) came out with quarterly funds from operations (FFO) of $0.38 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to FFO of $0.56 per share a year ago.

Hersha Hospitality (HT) Misses Q2 FFO Estimates

- Second Quarter 2023 Net Income of $0.04 Per Share - - Second Quarter 2023 Adjusted Funds from Operations1 of $0.38 Per Share - - Comparable Portfolio RevPAR Growth of 3.6% to the Second Quarter 2022 – - Urban RevPAR Growth of 12.2% to the Second Quarter 2022 – - New York City and Boston were the best performers in the Second Quarter 2023 - PHILADELPHIA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “the Company,” “we” or “our”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results (Unaudited in thousands, except per share amounts)   Three Months Ended June 30,       2023     2022 Net Income Applicable to Common Shareholders $ 1,721   $ 2,427 Net Income per Common Share $ 0.04   $ 0.06         Adjusted FFO1 $ 18,087   $ 26,115 Adjusted FFO per common share and OP Unit $ 0.38   $ 0.57             1 Non-GAAP financial measure.

Hersha Hospitality Trust Announces Second Quarter 2023 Results

The article discusses an arbitrage opportunity between Hersha Hospitality Trust 6.875% Series C Preferred and Hersha Hospitality Trust 6.50% Series E Preferred. I highlight the challenges of arbitrage trading within small-cap issues, including illiquidity and low trading volumes. Despite these challenges, I argue that attentive, active investors can achieve superior results through disciplined investment strategies.

Give Yourself A Raise: Yield Arbitrage In The Hersha Hospitality Capital Stack

Hersha Hospitality Trust is a hospitality REIT focused on luxury, upscale, and upper midscale hotels in key markets such as New York City, Boston, Washington D.C., and Philadelphia. The company has recently reinstated its dividend and pays a forward dividend yield of 3.30%, with several valuation metrics indicating that the company is undervalued at present. However, concerns over the company's financial performance, including a declining AFFO over the past few years, make it a "Hold" for investors seeking better opportunities in the hospitality industry.

Hersha Hospitality Trust: Undervalued But Financial Performance A Concern

Hersha Hospitality Trust is a real estate investment trust specializing in upscale and luxury hotels. The company has been recovering well after Covid and has been increasing its revenue. After analyzing this company, I believe it is worth investing in.

Hersha Hospitality Trust: Resilient Portfolio With A Promising Future

PHILADELPHIA, June 12, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced that the Company will release its financial results for the second quarter 2023 after the market close on Wednesday, August 2, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, August 3, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive Officer, and Mr. Ashish Parikh, Chief Financial Officer.

Hersha Hospitality Trust to Report Second Quarter 2023 Earnings on August 2, 2023

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Despite lingering recession concerns, hotel REITs are pacing for a second-straight year of outperformance after punishing early-pandemic declines, buoyed by steady post-pandemic operating improvement and the long-awaited return of dividends. The final pandemic-era travel restrictions were lifted last week with the ending of the vaccine mandate for foreign arrivals. International travel demand should provide a healthy tailwind over the coming quarters.

Hotel REITs: Pandemic Is Officially Over

Hersha Hospitality Trust (HT) Q1 2023 Earnings Call Transcript.

Hersha Hospitality Trust (HT) Q1 2023 Earnings Call Transcript

Hersha Hospitality (HT) came out with quarterly funds from operations (FFO) of $0.02 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to FFO of $0.06 per share a year ago.

Hersha Hospitality (HT) Lags Q1 FFO Estimates

- First Quarter 2023 Net Loss of $(0.38) Per Share - - First Quarter 2023 Adjusted Funds from Operations1 of $0.02 Per Share - - Comparable Excluding Renovations Portfolio Growth to the First Quarter 2019 - - ADR Growth of 20.9% - - EBITDA Growth of 18.9% - - EBITDA Margin Growth of 196 bps - PHILADELPHIA, April 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha,” “Company,” “we” or “our”), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Results (Unaudited in thousands, except per share amounts)   Three Months Ended March 31,       2023       2022   Net Loss Applicable to Common Shareholders $ (14,939 )   $ (22,235 ) Net Loss per Common Share $ (0.38 )   $ (0.57 )         Adjusted FFO1 $ 1,032     $ 3,106   Adjusted FFO per common share and OP Unit $ 0.02     $ 0.07   Net loss applicable to common shareholders was approximately $14.9 million, or $0.38 per diluted common share, in the first quarter 2023, compared to net loss applicable to common shareholders of approximately $22.2 million, or $0.57 per diluted common share, in the first quarter 2022.

Hersha Hospitality Trust Announces First Quarter 2023 Results

News for Hersha Hospitality Trust Class A Stock (HT)