Hersha Hospitality Trust (NYSE:HT) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $21.50.
A number of analysts have issued reports on HT shares. Robert W. Baird cut shares of Hersha Hospitality Trust from an “outperform” rating to a “neutral” rating in a research note on Monday, August 20th. Stifel Nicolaus lifted their target price on shares of Hersha Hospitality Trust from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Wednesday, August 29th. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. DA Davidson lifted their target price on shares of Hersha Hospitality Trust from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, June 22nd. Finally, Barclays lifted their target price on shares of Hersha Hospitality Trust from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Monday, July 30th.
In other news, Director Thomas J. Hutchison III sold 5,000 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $22.69, for a total value of $113,450.00. Following the completion of the sale, the director now directly owns 85,510 shares in the company, valued at $1,940,221.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Hutchison III sold 10,000 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $21.94, for a total transaction of $219,400.00. Following the completion of the sale, the director now owns 85,510 shares of the company’s stock, valued at $1,876,089.40. The disclosure for this sale can be found here. 10.30% of the stock is currently owned by insiders.
NYSE HT traded down $0.11 during trading on Wednesday, reaching $20.11. The company’s stock had a trading volume of 182,300 shares, compared to its average volume of 419,583. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $892.75 million, a PE ratio of 9.31, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. Hersha Hospitality Trust has a 1-year low of $16.60 and a 1-year high of $24.16.
Hersha Hospitality Trust (NYSE:HT) last posted its earnings results on Tuesday, July 24th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.12. The firm had revenue of $133.84 million during the quarter, compared to analysts’ expectations of $135.57 million. Hersha Hospitality Trust had a negative net margin of 2.74% and a negative return on equity of 0.58%. As a group, equities analysts anticipate that Hersha Hospitality Trust will post 1.98 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date was Friday, September 28th. Hersha Hospitality Trust’s payout ratio is 51.85%.
Hersha Hospitality Trust Company Profile
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,666 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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