Hersha Hospitality Trust (NYSE:HT) Releases Earnings Results, Misses Estimates By $0.75 EPS

Hersha Hospitality Trust (NYSE:HT) announced its earnings results on Tuesday. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.75), Fidelity Earnings reports. The business had revenue of $147.50 million during the quarter, compared to analyst estimates of $146.81 million. Hersha Hospitality Trust had a net margin of 0.99% and a return on equity of 1.34%. Hersha Hospitality Trust updated its FY 2019 guidance to $2.07-2.19 EPS and its Q3 2019 guidance to $0.56-0.61 EPS.

NYSE:HT opened at $14.54 on Friday. The firm has a fifty day moving average price of $16.58. Hersha Hospitality Trust has a 1-year low of $14.45 and a 1-year high of $24.16. 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 has a market cap of $569.87 million, a price-to-earnings ratio of 6.61, a price-to-earnings-growth ratio of 1.60 and a beta of 1.30.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.28 dividend. The ex-dividend date was Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a yield of 7.70%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is 50.91%.

A number of equities analysts have recently commented on the stock. Deutsche Bank set a $16.00 target price on shares of Hersha Hospitality Trust and gave the company a “hold” rating in a report on Wednesday. Stifel Nicolaus set a $18.00 target price on shares of Hersha Hospitality Trust and gave the company a “hold” rating in a report on Wednesday. DA Davidson cut shares of Hersha Hospitality Trust from a “buy” rating to a “neutral” rating in a report on Thursday. ValuEngine cut shares of Hersha Hospitality Trust from a “sell” rating to a “strong sell” rating in a report on Thursday. Finally, Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.29.

In other news, insider Neil H. Shah acquired 6,060 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were purchased at an average cost of $16.48 per share, for a total transaction of $99,868.80. Following the transaction, the insider now directly owns 328,252 shares in the company, valued at approximately $5,409,592.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.80% 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.

Featured Article: What Factors Can Affect Return on Equity?

Earnings History for Hersha Hospitality Trust (NYSE:HT)

Receive News & Ratings for Hersha Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hersha Hospitality Trust and related companies with MarketBeat.com's FREE daily email newsletter.