Hersha Hospitality Trust (NYSE:HT)
A real estate investment trust that invests in institutional grade hotels in central business districts, primary suburban office markets and stable destination and secondary markets in the Northeastern United States and select markets on the West Coast.
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I generally know a lot about the stocks I invest in or recommend. I have followed this stock for 2 months based solely on its action in the CNBC ticker. It has had many days in the positive direction, on many days when the overall market has been down.
This ticker action plus hotels are recovering nicely and don't forget that sweet 4.8% dividend, and I'm in now even though the stock has had a nice run straight up from Nov 4 2009
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New Sheriff in town at the Helm..
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stuff we need all the time
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The price stays low for too long. Not much action here. I held it along time.
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This company was beaten down more severely than justified over the past 6 months. As the market in general rebounds, this stock will too, and quickly, toward its pre-November '08 levels. I see nothing to indicate that the stock should or will rise significantly above those levels but the return trip will be profitable to those who buy the dip.
Disclaimer: LONG, basis $1.20
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Overly punished in this Bear Market. Should rebound. It's a legitimate business. I stayed in one of their properties.
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HT has a great portfolio, running credit line and a solid product. Great numbers even when not expected.
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All locked up in the high class hotels, their market is a hard one to break into. This is going to be a solid outperfomer on the market.
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Market Cap < $1 Billion
PEG =< 1.5
Div >= 3%
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Smallish hotel owner operator with a seasoned managment team operating with geographic synergies (NE states). Operates solid name brand mid tier hotels with a 7%+ dividend yield.
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HT has a trmendous track record and pays a hefty dividend of about 8%. Insders have made big purchases recently.
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