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Short-term Underperformance Detected in Shares of Hersha Hospitality Trust in the Specialized REITs Industry (HT, HPT, AHT, LHO, HST)

Published on Wed, 03/20/2013 - 07:29
By Peter Chu

Analysis was conducted on the Specialized REITs industry to measure relative performance to find stocks that have underperformed. Relative underperformance is a possible bearish sign of underlying fundamental and technical weakness should it continue for an extended period of time. We looked at yesterday's price action of all companies in this peer group and measured their performance against one another.

Hersha Hospitality Trust (AMEX:HT) ranks first with a loss of 2.76%; Hospitality Properties Trust (NYSE:HPT) ranks second with a loss of 2.39%; and Ashford Hospitality Trust (NYSE:AHT) ranks third with a loss of 1.96%.

LaSalle Hotel Properties (NYSE:LHO) follows with a loss of 1.95% and Host Hotels & Resorts (NYSE:HST) rounds out the bottom five with a loss of 1.90%.

Hersha Hospitality Trust is a real estate investment trust (REIT) that owns and operates upscale and mid-scale limited service and extended-stay hotels in established metropolitan markets. The trust owns and operates hotels in multiple states throughout the Northeastern United States.

By Peter Chu
pchu@fnno.com