Hersha Hospitality Trust (HT) Releases FY14 Earnings Guidance
Hersha Hospitality Trust (NYSE:HT) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.46-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.46, Analyst Ratings News reports.
On a related note, analysts at Robert W. Baird raised their price target on shares of Hersha Hospitality Trust from $7.00 to $8.00 in a research note on Wednesday, July 23rd.
Hersha Hospitality Trust (NYSE:HT) traded down 1.20% during mid-day trading on Tuesday, hitting $6.60. The stock had a trading volume of 1,322,648 shares. Hersha Hospitality Trust has a 1-year low of $5.18 and a 1-year high of $6.90. The stock has a 50-day moving average of $6.68 and a 200-day moving average of $6.03. The company has a market cap of $1.324 billion and a P/E ratio of 37.53.
Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.01. The company had revenue of $111.55 million for the quarter, compared to the consensus estimate of $112.80 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 23.3% on a year-over-year basis. Analysts expect that Hersha Hospitality Trust will post $0.47 EPS for the current fiscal year.
Hersha Hospitality Trust, is a self-advised Maryland real estate investment trust. The Company invests primarily in institutional grade hotels in urban and central business districts, primary suburban office markets and stable destination and secondary markets in the Northeastern United States, Florida and select markets on the West Coast.
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