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Hersha Hospitality Trust (HT.N)

HT.N on New York Stock Exchange

18.51USD
22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Hersha Hospitality Trust reports Q4 adjusted FFO per share $0.52
Wednesday, 22 Feb 2017 05:35pm EST 

Hersha Hospitality Trust - : Hersha Hospitality Trust announces full-year and fourth quarter 2016 results . Q4 adjusted FFO per share $0.52 . Hersha Hospitality Trust sees 2017 adjusted ffo per share $2.08 - $2.31 . Hersha Hospitality Trust sees 2017 comparable property revpar growth 0.0% to 2.0% . Q4 FFO per share view $0.53 -- Thomson Reuters I/B/E/S .FY2017 FFO per share view $2.40 -- Thomson Reuters I/B/E/S.  Full Article

Hersha Hospitality Trust acquires Seattle's Pan Pacific Hotel
Wednesday, 22 Feb 2017 04:10pm EST 

Hersha Hospitality Trust : Hersha Hospitality Trust acquires Seattle's Pan Pacific Hotel . Hersha Hospitality Trust - deal for $79.0 million. . Hersha Hospitality Trust - intends to engage in a tax-deferred reverse like-kind exchange with respect to company's acquisition of Pan Pacific .Hersha Hospitality Trust - disposition of suburban west coast portfolio is forecast to generate approximately $65 million in taxable gains.  Full Article

Hersha Hospitality Trust completes sale of two suburban Washington, DC hotels
Wednesday, 11 Jan 2017 08:00am EST 

Hersha Hospitality Trust : Hersha Hospitality Trust completes sale of two suburban Washington, DC hotels and exits the Mystic Partners joint-venture . Closed on sale of 203-room courtyard by Marriott in Alexandria, VA, and 120-room residence inn in Greenbelt, MD for $62 million . Has agreed to a 6-month extension to close on sale of three suburban west coast hotels for $130.5 million .Redeemed interest in Mystic Partners, buying all ownership interest of 285-room mystic Marriott Hotel & Spa in Mystic, ct.  Full Article

Hersha Hospitality Trust announces new $100 mln share repurchase program
Monday, 3 Oct 2016 08:00am EDT 

Hersha Hospitality Trust : Company expects to complete new repurchase program prior to December 31, 2017, unless extended by board of trustees . Hersha hospitality trust announces new $100 million share repurchase program .Company is on track to successfully dispose over $825 million of stabilized hotels this year.  Full Article

Hersha Hospitality Trust posts Q2 earnings per share $2.33
Wednesday, 27 Jul 2016 05:30pm EDT 

Hersha Hospitality Trust : Sees 2016 adjusted ffo per share $2.38 - $2.51 . Sees 2016 comparable property revpar growth 2.5% - 3.5% . Revpar at company's 43 comparable hotels increased 2.6% to $187.00 in q2 2016 . Hersha hospitality trust announces second quarter 2016 results . Q2 earnings per share $2.33 . Q2 earnings per share view $0.42 -- Thomson Reuters I/B/E/S . Adjusted ffo per share and unit of limited partnership interest in hersha hospitality limited partnership was $0.89 in q2 .Qtrly adr for comparable hotel portfolio increased 1.8% to $213.22, occupancy increased 66 basis points to 87.7%.  Full Article

Hersha Hospitality Trust Acquires The Envoy Hotel in Boston’s Seaport
Wednesday, 27 Jul 2016 04:15pm EDT 

Hersha Hospitality Trust : Acquisition was funded with 1031 exchange proceeds from company's sale of Seven Limited Service assets in Manhattan . Hersha Hospitality trust acquires the Envoy Hotel in Boston's Seaport .Deal for $112.5 million.  Full Article

Hersha Hospitality Trust announces sale of Hyatt Place in King of Prussia, PA
Thursday, 5 May 2016 08:00am EDT 

Hersha Hospitality Trust:Company has closed on sale of 129-room Hyatt Place in King of Prussia, PA for $13.0 million.  Full Article

Hersha Hospitality Trust announces quarterly dividend
Thursday, 17 Mar 2016 08:05am EDT 

Hersha Hospitality Trust:Board of Trustees also declared quarterly cash dividends of $0.28 per Common Share and per Limited Partnership unit for the first quarter ending March 31, 2016.Common share dividend and limited partnership unit distribution are payable April 15 to holders of record date as of April 1.  Full Article

Hersha Hospitality Trust sells joint-venture interest in 7 manhattan hotels for $571.4 Million
Thursday, 4 Feb 2016 08:00am EST 

Hersha Hospitality Trust:Signed definitive agreements with Cindat Capital Management Limited to form a joint venture for 7 of the Company's limited service hotels in Manhattan totaling 1,087 rooms for a total purchase price, including closing costs of $571.4 million, or $526,000 per key.  Full Article

Hersha Hospitality Trust announces quarterly dividend
Thursday, 17 Dec 2015 12:00am EST 

Hersha Hospitality Trust:Declared a cash dividend of $0.50 per Series B Preferred Share and $0.4297 per Series C Preferred Share for the fourth quarter.Preferred share dividends are payable January 15, 2016 to holders of record as of January 1, 2016.Declared quarterly cash dividends of $0.28 per Common Share and per Limited Partnership unit for the fourth quarter.Common share dividend and limited partnership unit distribution are payable January 15, 2016 to holders of record as of January 4, 2016.  Full Article

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BRIEF-Hersha Hospitality Trust reports Q4 adjusted FFO per share $0.52

* Hersha Hospitality Trust announces full-year and fourth quarter 2016 results