Stifel Nicolaus Analysts Give Hersha Hospitality Trust (NYSE:HT) a $18.00 Price Target

Stifel Nicolaus set a $18.00 target price on Hersha Hospitality Trust (NYSE:HT) in a research report released on Wednesday morning, TipRanks reports. The firm currently has a hold rating on the real estate investment trust’s stock.

HT has been the topic of several other reports. ValuEngine lowered Hersha Hospitality Trust from a sell rating to a strong sell rating in a research report on Thursday. Deutsche Bank set a $16.00 price target on Hersha Hospitality Trust and gave the stock a hold rating in a research report on Wednesday. Zacks Investment Research upgraded Hersha Hospitality Trust from a sell rating to a hold rating in a research report on Wednesday. Finally, DA Davidson lowered Hersha Hospitality Trust from a buy rating to a neutral rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $18.29.

Shares of Hersha Hospitality Trust stock opened at $15.02 on Wednesday. The firm’s 50-day moving average price is $16.55. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.53 and a quick ratio of 0.55. Hersha Hospitality Trust has a 12 month low of $14.45 and a 12 month high of $24.16. The company has a market cap of $612.53 million, a price-to-earnings ratio of 6.83, a PEG ratio of 1.47 and a beta of 1.30.

Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.75). Hersha Hospitality Trust had a return on equity of 0.44% and a net margin of 0.78%. The company had revenue of $147.50 million for the quarter, compared to the consensus estimate of $146.81 million. On average, analysts expect that Hersha Hospitality Trust will post 1.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders 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 dividend yield of 7.46%. Hersha Hospitality Trust’s dividend payout ratio is currently 50.91%.

In other Hersha Hospitality Trust news, insider Neil H. Shah acquired 6,060 shares of the business’s stock in a transaction dated 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 owns 328,252 shares in the company, valued at $5,409,592.96. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 11.80% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of HT. Northern Trust Corp lifted its stake in shares of Hersha Hospitality Trust by 2.2% in the fourth quarter. Northern Trust Corp now owns 821,470 shares of the real estate investment trust’s stock worth $14,408,000 after acquiring an additional 17,886 shares during the period. Geode Capital Management LLC lifted its stake in shares of Hersha Hospitality Trust by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 491,475 shares of the real estate investment trust’s stock worth $8,620,000 after acquiring an additional 28,428 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Hersha Hospitality Trust by 16.0% in the fourth quarter. Principal Financial Group Inc. now owns 339,193 shares of the real estate investment trust’s stock worth $5,949,000 after acquiring an additional 46,663 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Hersha Hospitality Trust by 1.7% in the fourth quarter. Two Sigma Advisers LP now owns 116,300 shares of the real estate investment trust’s stock worth $2,040,000 after acquiring an additional 1,933 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of Hersha Hospitality Trust by 232.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,177 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 10,608 shares during the period. Hedge funds and other institutional investors 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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