Hersha Hospitality Trust (NYSE:HT) Marks Growth


Dallas, Texas 04/10/2014 (FINANCIALSTRENDS) –  Hersha Hospitality Trust (NYSE:HT) shares has issued earnings data for the previous quarter on Tuesday, 25 February. The per share earnings for the previous quarter has been $0.12, which has overtaken earlier consensus estimates which expected $0.11. The stock beat estimates by $0.01.

Hersha Hospitality Trust (NYSE:HT) has revenues of $92.10 million in this quarter.  This was much different from the consensus estimate of $97.02 million. The analysts have indicated that the average earnings per share are $0.45, which is in consideration for this fiscal.

Hersha Hospitality Trust (NYSE:HT) which runs an independent service spectrum in real estate investment in Maryland has proved that it will invest in hotels in the near future. The criteria for selection of these hotels will be that these properties are institutional grade. The company will begin to look for hotels located in areas as diverse as urban as well as central business areas. It will also offer services for primary suburban markets. The stable destination as well as the secondary markets are the regions this company will invest in – Northeastern United States, as well as Florida and markets located in West Coast.

Hersha Hospitality Trust (NYSE:HT) is the company with a market cap of $1.16 billion. The profits to earnings ratio is 326.50. EPS is 0.02. The outstanding shares of this company are 202.76 million. Beta is 2.16.

Hersha Hospitality Trust (NYSE:HT)has also announced that it will now announce the first quarter 2014 results.

Hersha Hospitality Trust (NYSE:HT) as one of the leading entertainment service providers is expected to offer more relevant and specialized data as well as offers to their massive user base. Hersha has been one of the leading providers who have clearly established the service range and continue to evolve by offering top-quality products and services such as the new feature films by the likes of Miramax.