Hersha Hospitality Trust (HT) Receives Consensus Rating of “Hold” from Analysts

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.

Several institutional investors have recently modified their holdings of HT. Wells Fargo & Company MN lifted its stake in shares of Hersha Hospitality Trust by 4.5% in the first quarter. Wells Fargo & Company MN now owns 170,698 shares of the real estate investment trust’s stock worth $3,055,000 after buying an additional 7,399 shares during the last quarter. Northern Trust Corp increased its position in Hersha Hospitality Trust by 6.8% during the first quarter. Northern Trust Corp now owns 871,798 shares of the real estate investment trust’s stock worth $15,606,000 after acquiring an additional 55,256 shares during the period. BlackRock Inc. increased its position in Hersha Hospitality Trust by 0.6% during the first quarter. BlackRock Inc. now owns 6,678,712 shares of the real estate investment trust’s stock worth $119,550,000 after acquiring an additional 40,938 shares during the period. New York State Common Retirement Fund increased its position in Hersha Hospitality Trust by 39.0% during the first quarter. New York State Common Retirement Fund now owns 85,315 shares of the real estate investment trust’s stock worth $1,527,000 after acquiring an additional 23,935 shares during the period. Finally, California Public Employees Retirement System increased its position in Hersha Hospitality Trust by 3.3% during the first quarter. California Public Employees Retirement System now owns 134,582 shares of the real estate investment trust’s stock worth $2,409,000 after acquiring an additional 4,362 shares during the period. Institutional investors and hedge funds own 92.40% of the company’s stock.

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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Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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