Hersha Stock Falls On Unusually High Volume (HT)

NEW YORK ( TheStreet) -- Hersha Hospitality (NYSE: HT) is trading at unusually high volume Thursday with 8.2 million shares changing hands. It is currently at 10.6 times its average daily volume and trading down 27 cents (-4.8%) at $5.42 as of 10:05 a.m. ET.

Hersha has a market cap of $1.01 billion and is part of the financial sector and real estate industry. Shares are up 19.1% year to date as of the close of trading on Wednesday.

Operates as a Maryland REIT that focuses primarily on owning and operating high quality, upscale and mid-scale limited service and extended-stay hotels. Its portfolio consisted of 31 wholly-owned limited and full service properties and joint venture investments in 16 hotels as of Dec. 31, 2005.

TheStreet Ratings rates Hersha as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Hersha Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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