Is Hersha Hospitality Trust (HT) In Trouble? Wells Fargo Issues Downgrade.

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Hersha Hospitality Trust (HT) Receives a Downgrade

Wells Fargo lowered the rating for shares of Hersha Hospitality Trust (HT) to aUnderperform from a Market Perform. This rating change was sent to investors and clients in a research note earlier today.

The stock decreased 1.46% or $0.27 during the last trading session, reaching $18.22. About 519,862 shares traded or 37.78% up from the average. Hersha Hospitality Trust (HT) has risen 5.96% since December 12, 2017 and is uptrending. It has outperformed by 5.96% the S&P500.

Analysts await Hersha Hospitality Trust (NYSE:HT) to report earnings on February, 20. They expect $0.48 earnings per share, 0.00 % or $0.00 from last year’s $0.48 per share. HT’s profit will be $20.72 million for 9.49 P/E if the $0.48 EPS becomes a reality. After $0.69 actual earnings per share reported by Hersha Hospitality Trust for the previous quarter, Wall Street now forecasts -30.43 % negative EPS growth.

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. The company has market cap of $786.62 million. 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. It currently has negative earnings. The firm has elected to be taxed as a REIT under the Internal Revenue Code.

More notable recent Hersha Hospitality Trust (NYSE:HT) news were published by: which released: “Hersha Hospitality Is A Diamond In The Rough – Seeking Alpha” on April 30, 2018, also with their article: “HT or VTR: Which Is the Better Value Stock Right Now? –” published on August 21, 2018, published: “Meet Lauren Simmons: NYSE’s Only Full-Time Female Trader – Fox Business” on July 19, 2018. More interesting news about Hersha Hospitality Trust (NYSE:HT) were released by: and their article: “Hersha Hospitality Trust: An Unusual Divergence Creates A 7% Yield For Dividend Investors – Seeking Alpha” published on June 01, 2018 as well as‘s news article titled: “Hersha Hospitality REIT: Common Or Preferred Stock Comparison – Seeking Alpha” with publication date: November 26, 2018.

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