Jefferies Financial Group Weighs in on Hersha Hospitality Trust’s FY2019 Earnings (HT)

Hersha Hospitality Trust (NYSE:HT) – Equities research analysts at Jefferies Financial Group boosted their FY2019 earnings per share (EPS) estimates for shares of Hersha Hospitality Trust in a note issued to investors on Tuesday, April 30th. Jefferies Financial Group analyst D. Katz now expects that the real estate investment trust will earn $1.99 per share for the year, up from their previous forecast of $1.94. Jefferies Financial Group also issued estimates for Hersha Hospitality Trust’s Q4 2019 earnings at $0.56 EPS, Q1 2020 earnings at $0.18 EPS, Q2 2020 earnings at $0.73 EPS, Q3 2020 earnings at $0.63 EPS, Q4 2020 earnings at $0.60 EPS and FY2020 earnings at $2.14 EPS.

Hersha Hospitality Trust (NYSE:HT) last announced its earnings results on Monday, April 29th. The real estate investment trust reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.42). The company had revenue of $114.79 million for the quarter, compared to analysts’ expectations of $109.18 million. Hersha Hospitality Trust had a net margin of 0.99% and a return on equity of 1.34%.

HT has been the topic of several other reports. Raymond James downgraded Hersha Hospitality Trust from a “mkt perform” rating to an “underperform” rating in a report on Tuesday, January 8th. Zacks Investment Research upgraded Hersha Hospitality Trust from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, January 11th. Deutsche Bank reiterated a “hold” rating and set a $18.00 target price on shares of Hersha Hospitality Trust in a report on Thursday, February 28th. Finally, ValuEngine upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.31.

Shares of NYSE:HT opened at $18.96 on Friday. The stock has a market cap of $728.19 million, a P/E ratio of 8.62, a P/E/G ratio of 1.94 and a beta of 1.43. The company has a current ratio of 0.55, a quick ratio of 0.38 and a debt-to-equity ratio of 1.15. Hersha Hospitality Trust has a one year low of $16.50 and a one year high of $24.16.

A number of hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund increased its holdings in Hersha Hospitality Trust by 3.1% during the 1st quarter. Texas Permanent School Fund now owns 24,478 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 743 shares during the last quarter. Comerica Bank increased its holdings in Hersha Hospitality Trust by 2.6% during the 1st quarter. Comerica Bank now owns 36,155 shares of the real estate investment trust’s stock worth $655,000 after purchasing an additional 903 shares during the last quarter. SG Americas Securities LLC increased its holdings in Hersha Hospitality Trust by 13.1% during the 1st quarter. SG Americas Securities LLC now owns 26,674 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 3,087 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Hersha Hospitality Trust by 29.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,855 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 2,223 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Hersha Hospitality Trust by 10.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 19,840 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 1,840 shares during the last quarter. Institutional investors own 98.90% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.12 annualized dividend and a yield of 5.91%. Hersha Hospitality Trust’s dividend payout ratio is presently 50.91%.

About Hersha Hospitality Trust

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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Earnings History and Estimates for Hersha Hospitality Trust (NYSE:HT)

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