Shares of Hersha Hospitality Trust (NYSE:HT) have been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $19.44.
Several equities analysts have recently issued reports on the company. B. Riley lowered Hersha Hospitality Trust from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Thursday, April 26th. Zacks Investment Research raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. Robert W. Baird set a $18.00 price target on Hersha Hospitality Trust and gave the company a “buy” rating in a research note on Tuesday, February 27th. Stifel Nicolaus upped their price target on Hersha Hospitality Trust from $18.50 to $19.50 and gave the company a “hold” rating in a research note on Wednesday, April 25th. Finally, Jefferies Financial Group assumed coverage on Hersha Hospitality Trust in a research note on Thursday, May 31st. They set a “hold” rating and a $22.00 price target on the stock.
A number of large investors have recently added to or reduced their stakes in HT. Matarin Capital Management LLC acquired a new position in Hersha Hospitality Trust in the first quarter valued at about $12,662,000. BlackRock Inc. lifted its stake in Hersha Hospitality Trust by 9.2% in the fourth quarter. BlackRock Inc. now owns 6,637,774 shares of the real estate investment trust’s stock valued at $115,498,000 after buying an additional 558,297 shares during the period. WINTON GROUP Ltd acquired a new position in Hersha Hospitality Trust in the first quarter valued at about $6,320,000. LSV Asset Management lifted its stake in Hersha Hospitality Trust by 29.2% in the first quarter. LSV Asset Management now owns 845,688 shares of the real estate investment trust’s stock valued at $15,137,000 after buying an additional 191,100 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Hersha Hospitality Trust in the fourth quarter valued at about $2,766,000. 95.11% of the stock is currently owned by hedge funds and other institutional investors.
Hersha Hospitality Trust stock traded up $0.41 on Thursday, reaching $20.95. The company’s stock had a trading volume of 309,300 shares, compared to its average volume of 494,200. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $823.97 million, a P/E ratio of 9.70, a P/E/G ratio of 2.08 and a beta of 1.32. Hersha Hospitality Trust has a twelve month low of $16.60 and a twelve month high of $21.55.
Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.84). Hersha Hospitality Trust had a return on equity of 5.74% and a net margin of 11.06%. The business had revenue of $99.64 million during the quarter, compared to analyst estimates of $102.92 million. equities research analysts predict that Hersha Hospitality Trust will post 1.84 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend is Thursday, June 28th. Hersha Hospitality Trust’s payout ratio is 51.85%.
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 hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,653 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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