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

HPE stock gets an upgrade at Wells Fargo

8:56 am ET March 31, 2020 (MarketWatch)
Print

Wells Fargo analyst Aaron Rakers upgraded shares of Hewlett-Packard Enterprise Inc. (HPE) to overweight from equal weight in a Tuesday note to clients, writing that he thinks the shares have been beaten down too much over concerns about the company's leverage. Rakers argued that those concerns overlook that $11.7 billion of the company's debt is linked to its HP Financing Services operations and therefore is backed to a "very strong" portfolio. "While our estimates reflect our expectation that HPE will face significant fundamental pressures, and we would fully expect ongoing investor questions/concern over the impact of enterprise workload migrations to public cloud, we believe this is more than adequately discounted in our adjusted estimates and the current valuation," he wrote. HPE shares are off 0.5% in premarket trading Tuesday. The stock has lost 21% over the past month as the S&P 500 has dropped 12%.

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

(END) Dow Jones Newswires

March 31, 2020 08:56 ET (12:56 GMT)

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