Brokerages forecast that Hersha Hospitality Trust (NYSE:HT) will report $0.70 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Hersha Hospitality Trust’s earnings, with estimates ranging from $0.66 to $0.73. Hersha Hospitality Trust posted earnings per share of $0.08 in the same quarter last year, which would suggest a positive year over year growth rate of 775%. The business is expected to report its next earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that Hersha Hospitality Trust will report full-year earnings of $2.32 per share for the current year, with EPS estimates ranging from $2.25 to $2.36. For the next year, analysts expect that the company will report earnings of $2.40 per share, with EPS estimates ranging from $2.22 to $2.54. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Hersha Hospitality Trust.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by $0.02. Hersha Hospitality Trust had a net margin of 22.77% and a return on equity of 14.78%. The business had revenue of $138 million during the quarter, compared to analyst estimates of $134.55 million. During the same quarter in the prior year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis.

A number of equities research analysts have weighed in on the stock. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Hersha Hospitality Trust in a report on Friday. Stifel Nicolaus reissued a “hold” rating and set a $19.00 target price on shares of Hersha Hospitality Trust in a report on Thursday. FBR & Co set a $20.00 target price on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a report on Monday, August 28th. BidaskClub raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $19.75.

In other news, COO Neil H. Shah purchased 1,400 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were purchased at an average price of $18.00 per share, for a total transaction of $25,200.00. Following the transaction, the chief operating officer now owns 296,308 shares of the company’s stock, valued at $5,333,544. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Neil H. Shah purchased 1,667 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $17.86 per share, for a total transaction of $29,772.62. Following the transaction, the chief operating officer now directly owns 297,418 shares in the company, valued at approximately $5,311,885.48. The disclosure for this purchase can be found here. Insiders bought a total of 8,579 shares of company stock worth $153,841 in the last 90 days. Corporate insiders own 8.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Brookfield Asset Management Inc. lifted its position in shares of Hersha Hospitality Trust by 11.9% during the 2nd quarter. Brookfield Asset Management Inc. now owns 3,371,560 shares of the real estate investment trust’s stock valued at $62,408,000 after acquiring an additional 357,835 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hersha Hospitality Trust during the 2nd quarter valued at $219,000. Public Employees Retirement System of Ohio lifted its position in shares of Hersha Hospitality Trust by 26.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 63,761 shares of the real estate investment trust’s stock valued at $1,180,000 after acquiring an additional 13,459 shares during the period. Verition Fund Management LLC acquired a new position in shares of Hersha Hospitality Trust during the 2nd quarter valued at $289,000. Finally, State Street Corp lifted its position in shares of Hersha Hospitality Trust by 9.8% during the 2nd quarter. State Street Corp now owns 1,820,283 shares of the real estate investment trust’s stock valued at $33,697,000 after acquiring an additional 162,545 shares during the period. Institutional investors own 98.54% of the company’s stock.

Shares of Hersha Hospitality Trust (NYSE:HT) traded up 0.11% during trading on Friday, reaching $18.00. 1,234,461 shares of the company traded hands. Hersha Hospitality Trust has a 12-month low of $16.80 and a 12-month high of $22.14. The firm has a market capitalization of $753.01 million, a price-to-earnings ratio of 7.89 and a beta of 1.38. The company has a 50 day moving average price of $18.30 and a 200 day moving average price of $18.73.

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Hersha Hospitality Trust Company Profile

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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Earnings History and Estimates for Hersha Hospitality Trust (NYSE:HT)

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