Hersha Hospitality Trusts in-depth stock price analysis indicates that the stock price has rallied 7.19% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 9.36% . Looking at the past 52 week period, the stock price is up at 16% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Hersha Hospitality Trust has a positive value of 0.75 compared to overall market. Hersha Hospitality Trust (NYSE:HT) has climbed 1.74% in the past week and advanced 1.64% in the last 4 weeks. The company has outperformed the S&P 500 by 0.92% in the past week but underperformed the index by 0.18% in the last 4 weeks.
Hersha Hospitality Trust (NYSE:HT) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.43 points or 2% at $21.03 with 5,260,991 shares getting traded. Post opening the session at $21.53, the shares hit an intraday low of $20.95 and an intraday high of $21.67 and the price was in this range throughout the day. The company has a market cap of $880 million and the number of outstanding shares has been calculated to be 41,840,047 shares. The 52-week high of Hersha Hospitality Trust (NYSE:HT) is $22.15 and the 52-week low is $15.36.
Hersha Hospitality Trust Last issued its quarterly earnings results on Oct 25, 2016. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.69. The company had revenue of $120.60 million for the quarter, compared to analysts expectations of $116.17 million. The companys revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.
Company has reported several Insider transactions to the SEC, on Jan 3, 2017, Thomas J Iii Hutchison (director) sold 8,000 shares at 21.33 per share price.On Nov 7, 2016, Neil H Shah (COO) purchased 1,471 shares at 17.00 per share price.On Nov 7, 2016, Jay H Shah (CEO) purchased 1,471 shares at 17.00 per share price.
Hersha Hospitality Trust is an entrepreneurial, high-growth real estate development and management company focussed on the hospitality industry. Hersha currently owns, operates, and develops a portfolio of hotels and assisted living facilities in the mid-Atlantic region of the United States. (PRESS RELEASE)