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

Shares of Hersha Hospitality Trust (NYSE:HT) have been given an average rating of “Hold” by the twelve research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.34.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday. Deutsche Bank restated a “hold” rating and issued a $18.00 price objective on shares of Hersha Hospitality Trust in a research note on Thursday, February 28th. ValuEngine upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Raymond James cut shares of Hersha Hospitality Trust from a “mkt perform” rating to an “underperform” rating in a research note on Tuesday, January 8th.

Several institutional investors and hedge funds have recently bought and sold shares of HT. Meeder Asset Management Inc. grew its holdings in shares of Hersha Hospitality Trust by 200.0% in the 1st quarter. Meeder Asset Management Inc. now owns 1,758 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,172 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Hersha Hospitality Trust in the 4th quarter worth about $131,000. BNP Paribas Arbitrage SA grew its holdings in shares of Hersha Hospitality Trust by 29.1% in 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. Municipal Employees Retirement System of Michigan bought a new stake in shares of Hersha Hospitality Trust in the 4th quarter worth about $184,000. Finally, AQR Capital Management LLC bought a new stake in shares of Hersha Hospitality Trust in the 3rd quarter worth about $203,000. 98.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of HT stock traded down $0.36 during mid-day trading on Friday, reaching $18.96. The company’s stock had a trading volume of 271,255 shares, compared to its average volume of 276,002. Hersha Hospitality Trust has a 1-year low of $16.50 and a 1-year high of $24.16. The stock has a market cap of $743.48 million, a price-to-earnings ratio of 8.62, a P/E/G ratio of 1.98 and a beta of 1.43. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.38 and a current ratio of 0.55.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.42). Hersha Hospitality Trust had a net margin of 0.99% and a return on equity of 1.34%. The business had revenue of $114.79 million during the quarter, compared to analyst estimates of $109.18 million. On average, sell-side analysts predict that Hersha Hospitality Trust will post 2.02 earnings per share for the current year.

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

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, 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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Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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