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Shares of Hersha Hospitality Trust (NYSE:HT) reached a new 52-week high during trading on Thursday , AnalystRatingsNetwork.com reports. The company traded as high as $6.84 and last traded at $6.84, with a volume of 437,823 shares. The stock had previously closed at $6.81.

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 $6.51 and its 200-day moving average is $5.8. The company has a market cap of $1.364 billion and a price-to-earnings ratio of 38.26.

Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.06 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.03 earnings per share. Hersha Hospitality Trust’s revenue was up 21.9% compared to the same quarter last year. On average, analysts predict that Hersha Hospitality Trust will post $0.46 earnings per share for the current fiscal year.

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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