Economy

Does Hersha Hospitality (NYSE:HT) Look Attractive Now? DA Davidson Initiates Coverage

Hersha Hospitality Trust reported sales of $120.61 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.8%. Manufacturers Life Ins The invested in 26,672 shares or 0% of the stock. About 493,803 shares traded or 1.98% up from the average. Ashford Hospitality Trust has $69 highest and $4.50 lowest target.

Press coverage about Ashford Hospitality Trust (NYSE:AHT) has been trending positive recently, according to Accern Sentiment. It has outperformed by 11.12% the S&P500. Ariel Invs Ltd Com accumulated 2.22 million shares. Following the acquisition, the insider now owns 297,418 shares in the company, valued at $5,332,704.74. With 40,800 avg volume, 49 days are for Nanoviricides Incorporated (NYSEAMERICAN:NNVC)'s short sellers to cover NNVC's short positions. The stock declined 0.42% or $0.5 reaching $119.43 on the news. About 490,176 shares traded or 854.08% up from the average. ManpowerGroup Inc. (NYSE:MAN) has risen 32.35% since September 29, 2016 and is uptrending. It has underperformed by 30.12% the S&P500.

Among 10 analysts covering Ashford Hospitality Trust (NYSE:AHT), 3 have Buy rating, 3 Sell and 4 Hold. Finally, BidaskClub cut shares of Ashford Hospitality Trust from a "hold" rating to a "sell" rating in a research note on Friday, July 28th. On Sunday, August 9 the stock rating was maintained by Cantor Fitzgerald with "Buy". The rating was maintained by RBC Capital Markets with "Sector Perform" on Monday, August 3. The stock has "Outperform" rating by FBR Capital on Thursday, October 27. Raymond James Financial Services Advisors Inc. now owns 17,942 shares of the real estate investment trust's stock worth $114,000 after purchasing an additional 5,442 shares in the last quarter. On Sunday, June 25 the stock rating was maintained by Canaccord Genuity with "Hold". The company was reinitiated on Tuesday, March 29 by Stifel Nicolaus. The firm earned "Buy" rating on Thursday, September 7 by Robert W. Baird. On Thursday, July 21 the stock rating was downgraded by Credit Suisse to "Underperform". On Wednesday, December 2 the stock rating was initiated by Janney Capital with "Neutral".

Tiaa Cref Investment Mgmt Ltd Liability Corporation holds 0% in Ashford Hospitality Trust, Inc. The firm's market cap is $649.86 million. The Firm is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. On average, equities analysts forecast that Ashford Hospitality Trust will post ($1.10) earnings per share for the current year. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership (Ashford Trust OP), its operating partnership.

Investors sentiment is 1.1 in Q2 2017. First Trust Advisors LP lifted its holdings in Hersha Hospitality Trust by 0.9% during the 1st quarter. 13 funds opened positions while 48 raised stakes. Ashford Hospitality Trust earned a news impact score of 0.34 on Accern's scale. The rating was downgraded by Wood on Monday, April 18 to "Market Perform". (NYSE:AHT). Mufg Americas holds 0% of its portfolio in Ashford Hospitality Trust, Inc. It also reduced Reynolds American Inc (NYSE:RAI) stake by 102,362 shares and now owns 93,734 shares. Nomura Asset Mgmt invested 0% in Ashford Hospitality Trust, Inc. (NYSE:AHT). Davenport & Communication Ltd reported 10,485 shares stake. Genesee Valley Trust Com owns 24,516 shares or 0.7% of their U.S. portfolio. Huntington Bank & Trust reported 43,257 shares or 0.05% of all its holdings. State Street holds 0% of its portfolio in Ashford Hospitality Trust, Inc. Zurcher Kantonalbank (Zurich Cantonalbank) owns 1.06 million shares. Rutabaga Capital Mngmt Lc Ma has 0.1% invested in Ashford Hospitality Trust, Inc. Finally, Verition Fund Management LLC acquired a new stake in Ashford Hospitality Trust in the 2nd quarter worth about $148,000. Strs Ohio invested in 0% or 24,500 shares. Eqis Capital Inc reported 27,113 shares. Ameritas Invest holds 0% or 6,276 shares. Geode Capital Management Limited Liability Company accumulated 768,580 shares or 0% of the stock. Municipal Employees Retirement System of MI bought a new stake in Hersha Hospitality Trust in the 1st quarter valued at approximately $179,000.

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