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Summary U.S. equity markets dipped to two-year lows on another volatile week as a disappointing slate of inflation data suggested that the potential window for an economic "soft-landing" may be narrowing. Declining in seven of the past nine weeks and finishing on the cusp of the l...
Summary The third quarter of 2022 saw the U.S. stock market's dividend-paying stocks turn in another mixed performance. The bad news is that the number of dividend cuts has risen in 2022-Q3. We anticipate the U.S. stock market's metadata for dividend cuts will provide a near r...
Summary Hotel REITs have held up surprisingly well throughout the recent market turmoil and remain one of the top-performing property sectors this year following a solid summer of operating performance. Several years of pent-up leisure demand from COVID delays helped to offset a s...
Summary U.S. equity and bond markets plunged to the lowest levels of the year this past week after the Federal Reserve reiterated that further economic "pain" was necessary to cool inflation. Declining in five of the past six weeks and effectively erasing all of the benchmark's ga...
Hersha Hospitality Trust ( NYSE: HT ) announced on Thursday that founder Hasu Shah plans to retire as chairman of the Board of Trustees on Dec 31, 2022. As part of the planned succession, CEO Jay Shah has been elected as executive chairman of the board and president and CO...
– Founder and Chairman Hasu P. Shah to Retire – – CEO Jay H. Shah to become Executive Chairman – – COO Neil H. Shah to become President and Chief Executive Officer – PHILADELPHIA, Sept. 22, 2022 (GLOBE NEWSWIRE...
Hersha Hospitality ( NYSE: HT ) declares $0.05/share quarterly dividend . Forward yield 2.05% Payable Oct. 17; for shareholders of record Sept. 30; ex-div Sept. 29. The company had suspended dividend on March 19, 2020. See HT Dividend Scorecard, Yield...
PHILADELPHIA, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Hersha Hospitality Trust (NYSE: HT) (“Hersha” or the “Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced its Board of Trustees has approved a cash dividend of $0....
Summary U.S. equity markets posted their worst week since June after CPI data showed an unexpected acceleration in headline inflation, likely keeping the Fed on course to further tighten monetary policy. Declining in four-of-the-past five weeks and effectively erasing its summer r...
Summary A series of property sales has streamlined Hersha’s portfolio and provided new financial flexibility in a resurgent hotel sector. Non-core asset dispositions and a refinanced corporate credit facility reduce consolidated corporate debt by $450MM. Comparable port...
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NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- The Shah Family, founders of Hersha Hotels and Resorts and HHM Hotels , was awarded the Hotel News Now Stephen W. Brener Silver Plate Award at the NYU International Hospitality Industry Investment Conference (NYU IHIIC), oper...
PHILADELPHIA, Dec. 26, 2023 (GLOBE NEWSWIRE) -- Hersha Hotels and Resorts (“Hersha” or “the Company”), owner of luxury and lifestyle hotels in coastal gateway and resort markets, today announced the tax classification of Hersha Hospitality Trust’s (“HHT...