Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 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 ÂHT.Â
IPO Year: 1999
Exchange: NYSE
Website: hersha.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/29/2023 | $8.75 → $10.00 | Buy → Hold | Stifel |
| 8/29/2023 | $8.00 → $10.00 | Underweight → Equal Weight | Barclays |
| 7/20/2023 | Outperform → Perform | Oppenheimer | |
| 5/4/2023 | $10.00 → $9.00 | Neutral → Buy | B. Riley Securities |
| 8/29/2022 | $13.00 → $11.50 | Overweight → Equal Weight | Wells Fargo |
| 6/3/2022 | $11.00 → $13.00 | Hold → Buy | Jefferies |
| 5/6/2022 | $11.00 → $14.50 | Hold → Buy | Stifel |
| 4/22/2022 | $14.00 | Outperform | Oppenheimer |
| 3/10/2022 | $11.50 → $11.00 | Overweight | Wells Fargo |
| 1/10/2022 | Underperform → Market Perform | Raymond James |
– Founder and Chairman Hasu P. Shah to Retire –– CEO Jay H. Shah to become Executive Chairman –– COO Neil H. Shah to become President and Chief Executive Officer – PHILADELPHIA, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE:HT) ("Hersha" or the "Company"), owner of high-quality hotels in urban gateway markets and regional resort destinations, today announced that its Founder, Hasu P. Shah, intends to retire as Chairman of the Board of Trustees on December 31, 2022, after 38 years with the Company. As part of the planned succession, the Board has selected Chief Executive Officer Jay H. Shah to become Executive Chairman of the Board, and President and Chief Operating O
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Stifel downgraded Hersha Hospitality Trust from Buy to Hold and set a new price target of $10.00 from $8.75 previously
Barclays upgraded Hersha Hospitality Trust from Underweight to Equal Weight and set a new price target of $10.00 from $8.00 previously
Oppenheimer downgraded Hersha Hospitality Trust from Outperform to Perform
B. Riley Securities upgraded Hersha Hospitality Trust from Neutral to Buy and set a new price target of $9.00 from $10.00 previously
Wells Fargo downgraded Hersha Hospitality Trust from Overweight to Equal Weight and set a new price target of $11.50 from $13.00 previously
Jefferies upgraded Hersha Hospitality Trust from Hold to Buy and set a new price target of $13.00 from $11.00 previously
Stifel upgraded Hersha Hospitality Trust from Hold to Buy and set a new price target of $14.50 from $11.00 previously
Oppenheimer initiated coverage of Hersha Hospitality Trust with a rating of Outperform and set a new price target of $14.00
Wells Fargo reiterated coverage of Hersha Hospitality with a rating of Overweight and set a new price target of $11.00 from $11.50 previously
Raymond James upgraded Hersha Hospitality from Underperform to Market Perform
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 bet
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. The Special Meeting will be held virtually at 9:00am ET at https://web.lumiagm.com/212424894. The record date for the Special Meeting has been set as October 2, 2023. Holders of Hersha's common shares at the close of business on the reco
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. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the thi
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-cas
- 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 (U
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. A live audio webcast of the conference call will be available on the Company's website at www.hersha.com. The co
PHILADELPHIA, May 18, 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 second quarter ending June 30, 2023. These common share dividends and limited partnership unit distributions are payable July 17, 2023 to holders of record as of June 30, 2023. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the second quarter en
- 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 p
PHILADELPHIA, March 20, 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 first quarter 2023 after the market close on Wednesday, April 26, 2023. The Company will host a conference call to discuss these results at 9:00 AM Eastern Time on Thursday, April 27, 2023. Hosting the call will be Mr. Neil H. Shah, President and Chief Executive 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
PHILADELPHIA, March 10, 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 first quarter ending March 31, 2023. These common share dividends and limited partnership unit distributions are payable April 17, 2023, to holders of record as of March 31, 2023. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the first quarte
NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- The Shah Family, founders of Hersha Hotels and Resorts and HHM Hotels, was awarded the Hotel News Now Stephen W. Brener Silver Plate Award at the NYU International Hospitality Industry Investment Conference (NYU IHIIC), operated by Questex, in partnership with the NYU School of Professional Studies (NYU SPS) and its Jonathan M. Tisch Center of Hospitality. Amanda Hite, president of STR; and Stephanie Ricca, editorial director of Hotel News Now, presented the Shah Family with the award. Hersha Hotels and Resorts owns and operates luxury and lifestyle hotels in coastal gateway and resort markets. The Company's 25 hotels totaling 3,811 rooms are
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 bet
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. The Special Meeting will be held virtually at 9:00am ET at https://web.lumiagm.com/212424894. The record date for the Special Meeting has been set as October 2, 2023. Holders of Hersha's common shares at the close of business on the reco
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. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the thi
NEW YORK, Sept. 02, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of RPT to Kimco Realty for 0.6049 of a newly-issued Kimco Realty share for each share of RPT common stock owned. If you are a RPT investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Hersha Hospitality Trust (NYSE:HT) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of HT to KSL Capit
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-cas
- 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 (U
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. A live audio webcast of the conference call will be available on the Company's website at www.hersha.com. The co
PHILADELPHIA, May 18, 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 second quarter ending June 30, 2023. These common share dividends and limited partnership unit distributions are payable July 17, 2023 to holders of record as of June 30, 2023. The Board of Trustees also declared a cash dividend of $0.4297 per Series C Preferred Share, $0.40625 per Series D Preferred Share, and $0.40625 per Series E Preferred Share for the second quarter en
- 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 p
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