Wed, Jul 23, 2014, 6:00 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

Hersha Hospitality Trust Message Board

  • wizestman wizestman Jan 20, 2011 8:24 AM Flag

    New properties

    IMHO the new properties sound like excellent buys. The DC property especially will be a huge cash flow generator if they keep costs down. Occupancy there should be no problem at all. So many tour groups/tourists/ etc, and HT will not have to depend only on business travellers. I look for HT to hit $8 by Dec 2011.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Getting closer to $8...
      CEO and CFO should clearly reveal info on projected operating costs on new properties. I am pretty sure revenues on new properties will be outstanding. If costs are low, we will perhaps see an increase in div per share probably in late fall. This will carry stock to $8.

      • 1 Reply to wizestman
      • Wizest, I hope you are right and do well. I've taken my marbles out of the game at this point. I'll wait until the dust has settled after the earnings report. I think they did significant damage to 2007-10 common shareholders by selling early, and often, and cheap. There are 3 times the number of shares as when the downturn began, and again sold cheap. This was a collosal blunder in light of HTs NE hotel positions and their more rapid return to higher RevPar than other hotel REITs.
        That said, I think HT has done well with the equity (just didn't get enough of it) from the dilutions to selectively purchase properties that fit into their region and will improve profitability. I just think that it won't be enough to overcome the cheap dilution.
        Good luck to all, jtaylor

6.850.00(0.00%)Jul 23 4:05 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.