$0.43 EPS Expected for Hersha Hospitality Trust (HT) This Quarter

Equities analysts predict that Hersha Hospitality Trust (NYSE:HT) will report earnings per share of $0.43 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Hersha Hospitality Trust’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.40. Hersha Hospitality Trust reported earnings of $0.52 per share during the same quarter last year, which would suggest a negative year over year growth rate of 17.3%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that Hersha Hospitality Trust will report full-year earnings of $2.11 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.14. For the next fiscal year, analysts anticipate that the business will post earnings of $2.25 per share, with EPS estimates ranging from $2.06 to $2.39. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Hersha Hospitality Trust.

A number of research firms have recently issued reports on HT. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Barclays cut shares of Hersha Hospitality Trust from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $19.00 to $17.00 in a research note on Wednesday, December 13th. ValuEngine upgraded shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. B. Riley reiterated a “buy” rating on shares of Hersha Hospitality Trust in a research note on Wednesday, November 1st. Finally, FBR & Co reiterated a “buy” rating and issued a $20.00 price objective on shares of Hersha Hospitality Trust in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.40.

Hersha Hospitality Trust (NYSE HT) traded up $0.02 during midday trading on Thursday, hitting $18.57. 293,215 shares of the stock were exchanged, compared to its average volume of 545,845. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The firm has a market cap of $766.04, a PE ratio of 8.62, a PEG ratio of 2.13 and a beta of 1.35. Hersha Hospitality Trust has a one year low of $17.15 and a one year high of $21.67.

Hersha Hospitality Trust announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, January 5th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Thursday, January 4th. Hersha Hospitality Trust’s dividend payout ratio (DPR) is 52.09%.

In other news, insider Neil H. Shah bought 2,850 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $17.54 per share, with a total value of $49,989.00. Following the acquisition, the insider now directly owns 316,352 shares in the company, valued at $5,548,814.08. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Hasu P. Shah sold 14,500 shares of the firm’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $17.48, for a total transaction of $253,460.00. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Chicago Equity Partners LLC grew its holdings in shares of Hersha Hospitality Trust by 6.3% during the 3rd quarter. Chicago Equity Partners LLC now owns 423,032 shares of the real estate investment trust’s stock valued at $7,898,000 after purchasing an additional 25,135 shares during the last quarter. State Street Corp grew its holdings 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 purchasing an additional 162,545 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Hersha Hospitality Trust by 10.6% during the 3rd quarter. Prudential Financial Inc. now owns 583,177 shares of the real estate investment trust’s stock valued at $10,888,000 after purchasing an additional 55,770 shares during the last quarter. Brookfield Asset Management Inc. grew its holdings 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 purchasing an additional 357,835 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Hersha Hospitality Trust by 0.3% during the 2nd quarter. BlackRock Inc. now owns 5,971,382 shares of the real estate investment trust’s stock valued at $110,531,000 after purchasing an additional 16,158 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

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About Hersha Hospitality Trust

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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