Hersha Hospitality Trust Announces First Quarter 2016 Results
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Canaccord Genuity Remains Sidelined on Hersha Hospitality Trust (HT) Following 1Q Review
May 2, 2016 9:51 AM EDTCanaccord Genuity maintained a Hold rating on Hersha Hospitality Trust (NYSE: HT), and cut the price target to $21.00 (from $22.00), following a review of the company's 1Q. Cindat successfully brought the required equity into the US and the closing date is only waiting on final steps from the foreign lenders. However, despite ~$350M in gross proceeds from the Cindat JV transaction, Canaccord does not expect material share repurchases. HT will fund... More
Hersha Hospitality Trust (HT) Misses Q1 FFO by 6c
April 29, 2016 9:47 AM EDTHersha Hospitality Trust (NYSE: HT) reported Q1 FFO of $0.28, $0.06 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $105.9 million versus the consensus estimate of $105.66 million.
For earnings history and earnings-related data on Hersha Hospitality Trust (HT) click here.
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