Hersha Hospitality Trust
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Hersha Hospitality Trust is a self-advised real estate investment trust (REIT). The Company invests primarily in institutional grade hotels in urban gateway markets, including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. As of December 31, 2017, the Company's hotels included 50 hotels totaling 7,725 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company’s properties operate under brands that include Marriott International, Hilton Hotels, Hyatt Hotels, Intercontinental Hotel Group, and Pan Pacific.

Closing Price
Day's Change
-0.11 (-2.29%)
B/A Size
Day's High
Day's Low

10-day average volume:

AMD stock rises after hours on strong growth forecast

5:49 pm ET March 5, 2020 (MarketWatch)

Advanced Micro Devices Inc. (AMD) shares rose in the extended session Thursday after the chip maker forecast more robust long-term growth as it continues to take market share away from rivals. AMD shares rose 3.2% after hours, following a 4% decline to close the regular session at $48.11. In AMD's analyst day presentation, Chief Executive Lisa Su forecast a long-term compound annual growth rate of 20%. "Overall, AMD looks to be going for a growth play with a 20% CAGR commitment, a massive uptick over the 14% CAGR the past 5 years," Patrick Moorhead, principal analyst at Moor Insights & Strategy, told MarketWatch. "Most of that growth will come from data center CPUs and GPUs," Moorhead said. Over the past year, AMD has been siphoning off market share from Intel Corp. (INTC) and Nvidia Corp. (NVDA) Over the past few days, AMD said it was teaming with Hewlett Packard Enterprise Co. (HPE) to build the world's fastest supercomputer to test nuclear weapons (http://www.marketwatch.com/story/amd-hpe-team-to-build-worlds-fastest-supercomputer-for-testing-nukes-2020-03-04), Cloudflare Inc. said it was using AMD chips for its next generation of servers, and one analyst upgraded the stock to a buy (http://www.marketwatch.com/story/amd-stock-is-an-attractive-opportunity-amid-coronavirus-fears-analyst-contends-2020-03-03).

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 05, 2020 17:49 ET (22:49 GMT)

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