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Hersha Hospitality Trust (NYSE:HT)’s share price reached a new 52-week high during trading on Monday , AnalystRatingsNetwork reports. The company traded as high as $6.74 and last traded at $6.69, with a volume of 339,662 shares traded. The stock had previously closed at $6.74.

Separately, analysts at JMP Securities reiterated an “outperform” rating on shares of Hersha Hospitality Trust in a research note on Monday, May 5th. They now have a $6.50 price target on the stock, down previously from $7.00.

The stock’s 50-day moving average is $6.35 and its 200-day moving average is $5.81. The company has a market cap of $1.346 billion and a price-to-earnings ratio of 37.87.

Hersha Hospitality Trust (NYSE:HT) last announced its earnings results on Thursday, May 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $79.95 million for the quarter, compared to the consensus estimate of $79.95 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts predict that Hersha Hospitality Trust will post $0.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, June 26th.

Hersha Hospitality Trust, is a self-advised Maryland real estate investment trust. The Company invests primarily in institutional grade hotels in urban and central business districts, primary suburban office markets and stable destination and secondary markets in the Northeastern United States, Florida and select markets on the West Coast.

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