Deutsche Bank Reiterates “$16.00” Price Target for Hersha Hospitality Trust (NYSE:HT)

Hersha Hospitality Trust (NYSE:HT) has been given a $16.00 price objective by analysts at Deutsche Bank in a report released on Wednesday, TipRanks reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s price objective indicates a potential upside of 6.52% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on HT. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. DA Davidson cut shares of Hersha Hospitality Trust from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, ValuEngine cut shares of Hersha Hospitality Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $18.29.

NYSE:HT traded up $0.49 on Wednesday, reaching $15.02. The stock had a trading volume of 363,886 shares, compared to its average volume of 354,671. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock’s 50-day moving average price is $16.58. The company has a market cap of $569.87 million, a PE ratio of 6.83, a P/E/G ratio of 1.60 and a beta of 1.30. Hersha Hospitality Trust has a 12-month low of $14.45 and a 12-month high of $24.16.

Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.75). The firm had revenue of $147.50 million during the quarter, compared to analysts’ expectations of $146.81 million. Hersha Hospitality Trust had a net margin of 0.99% and a return on equity of 1.34%. As a group, equities analysts predict that Hersha Hospitality Trust will post 1.99 EPS for the current fiscal year.

In related news, insider Neil H. Shah bought 6,060 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were acquired at an average price of $16.48 per share, for a total transaction of $99,868.80. Following the purchase, the insider now owns 328,252 shares in the company, valued at approximately $5,409,592.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 11.80% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. raised its stake 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 valued at $30,000 after purchasing an additional 1,172 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Hersha Hospitality Trust during the first quarter worth about $144,000. BNP Paribas Arbitrage SA raised its stake in Hersha Hospitality Trust by 29.1% during the first quarter. BNP Paribas Arbitrage SA now owns 9,855 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 2,223 shares during the period. BBT Capital Management LLC acquired a new stake in Hersha Hospitality Trust during the first quarter worth about $180,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Hersha Hospitality Trust during the fourth quarter worth about $184,000. Institutional investors and hedge funds own 96.41% of the company’s stock.

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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