Hersha Hospitality Trust (NYSE: HT) has recently received a number of price target changes and ratings updates:

  • 8/2/2017 – Hersha Hospitality Trust was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/27/2017 – Hersha Hospitality Trust had its price target lowered by analysts at FBR & Co from $23.00 to $21.00. They now have an “outperform” rating on the stock.
  • 7/21/2017 – Hersha Hospitality Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Hersha Hospitality Trust is an entrepreneurial, high-growth real estate development and management company focussed on the hospitality industry. Hersha currently owns, operates, and develops a portfolio of hotels and assisted living facilities in the mid-Atlantic region of the United States. (PRESS RELEASE) “
  • 7/19/2017 – Hersha Hospitality Trust had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock.
  • 7/12/2017 – Hersha Hospitality Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/27/2017 – Hersha Hospitality Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Hersha Hospitality Trust is an entrepreneurial, high-growth real estate development and management company focussed on the hospitality industry. Hersha currently owns, operates, and develops a portfolio of hotels and assisted living facilities in the mid-Atlantic region of the United States. (PRESS RELEASE) “

Shares of Hersha Hospitality Trust (NYSE HT) traded up 0.49% during mid-day trading on Monday, reaching $18.59. The company’s stock had a trading volume of 220,477 shares. Hersha Hospitality Trust has a 12-month low of $16.80 and a 12-month high of $22.14. The company’s 50-day moving average price is $18.72 and its 200-day moving average price is $19.17. The stock has a market capitalization of $777.69 million, a P/E ratio of 8.15 and a beta of 1.38.

Hersha Hospitality Trust (NYSE:HT) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.02. Hersha Hospitality Trust had a return on equity of 14.78% and a net margin of 22.77%. The firm had revenue of $138 million during the quarter, compared to the consensus estimate of $134.55 million. During the same period in the previous year, the firm earned $0.89 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Hersha Hospitality Trust will post $2.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date was Wednesday, June 28th. Hersha Hospitality Trust’s payout ratio is 48.70%.

In other news, COO Neil H. Shah acquired 1,400 shares of Hersha Hospitality Trust stock in a transaction on Tuesday, July 11th. The shares were acquired at an average price of $18.00 per share, with a total value of $25,200.00. Following the purchase, the chief operating officer now directly owns 296,308 shares in the company, valued at approximately $5,333,544. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.10% of the company’s stock.

Hersha Hospitality Trust is a self-advised real estate investment trust (REIT). The Company invests primarily in institutional grade hotels in urban gateway markets, including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. As of July 20, 2017, the Company’s hotels included 51 hotels totaling 7,804 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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