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
$4.70
Day's Change
-0.11 (-2.29%)
Bid
--
Ask
--
B/A Size
--
Day's High
4.76
Day's Low
4.54
Volume
(Light)
Volume:
318,193

10-day average volume:
781,512
318,193

Synchrony Financial stock surges toward best day on record

12:22 pm ET March 26, 2020 (MarketWatch)
Print

Synchrony Financial shares (SYF) are surging toward their best single-day percentage gain on record Thursday, according to Dow Jones Market Data, with the stock up more than 16% in midday trading. The private-label credit-card company's stock began trading in 2014 after General Electric Co. (GE) offered a small percent of Synchrony stock to the public. Synchrony formally separated out of GE in 2015. Jefferies analyst John Hecht wrote in a Thursday note to client that Synchrony is among the lenders he would "prioritize" during the current period of economic uncertainty as the stock appears "resilient" along with peers Aaron's Inc. [aan], Ally Financial Inc. (ALLY), FirstCash Inc. (FCFS), and OneMain Holdings Inc. (OMF). "Within the credit card peer group, SYF is the best positioned with the highest risk-adjusted margin at 9.6%," Hecht wrote. Synchrony shares have lost 47% so far this year as the S&P 500 has dropped 20%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 26, 2020 12:22 ET (16:22 GMT)

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