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Hersha Hospitality Trust Buyback

OLI recorded this information on 12/20/2018

Company: Hersha Hospitality Trust
Buyback: HT buyback
$Amount Authorized: $50,000,000
Buyback Details: Hersha Hospitality Trust (NYSE: HT) ("Hersha" or the "Company"), owner of high-quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations, today announced that its Board of Trustees authorized a new share repurchase program of up to $50 million of the Company's outstanding common shares. This new program will commence on January 1, 2019 and will expire on December 31, 2019, unless extended by the Board of Trustees.

Hersha Hospitality Trust is a real estate investment trust. Co. invests in institutional grade hotels in primary urban gateway markets including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and California. Co.'s portfolio consists of wholly-owned limited and full service properties, hotel owned via a consolidated joint venture, and interests in properties owned through joint venture investments. These properties are located in California, Connecticut, District of Columbia, Florida, Maryland, Massachusetts, New York and Pennsylvania and operate under various brands owned by Marriott International, Inc., Hilton Worldwide, Inc., and Hyatt Corporation.

Preferreds: HT.PRA, HT.PRB, HT.PRC, HT.PRD, HT.PRE


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Company Name:  Hersha Hospitality Trust
Stock buyback:  HT buyback
Website:  www.hersha.com
Sector:  REITs
 

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March 29, 2024    3:00 AM Eastern
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Hold (1.90 out of 4)
90th percentile
(ranked higher than approx. 90% of all stocks covered)

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