Hersha Hospitality Trust (NYSE:HT) has earned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $21.50.

Several analysts have commented on HT shares. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, August 21st. DA Davidson raised their price objective on shares of Hersha Hospitality Trust from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, June 22nd. Finally, Stifel Nicolaus raised their price objective on shares of Hersha Hospitality Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Wednesday, August 29th.

In other Hersha Hospitality Trust news, Director Thomas J. Hutchison III sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $21.94, for a total transaction of $219,400.00. Following the completion of the transaction, the director now owns 85,510 shares of the company’s stock, valued at $1,876,089.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Hutchison III sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $22.69, for a total transaction of $113,450.00. Following the transaction, the director now directly owns 85,510 shares of the company’s stock, valued at approximately $1,940,221.90. The disclosure for this sale can be found here. Company insiders own 10.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HT. Tower Research Capital LLC TRC bought a new position in shares of Hersha Hospitality Trust during the second quarter valued at approximately $151,000. Commonwealth Bank of Australia increased its stake in shares of Hersha Hospitality Trust by 72.2% during the second quarter. Commonwealth Bank of Australia now owns 7,920 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 3,320 shares in the last quarter. Pensionfund Sabic bought a new position in shares of Hersha Hospitality Trust during the second quarter valued at approximately $172,000. Piedmont Investment Advisors LLC bought a new position in shares of Hersha Hospitality Trust during the second quarter valued at approximately $184,000. Finally, Koch Industries Inc. bought a new position in shares of Hersha Hospitality Trust during the first quarter valued at approximately $185,000. 92.57% of the stock is owned by institutional investors and hedge funds.

Shares of HT opened at $19.54 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.07. Hersha Hospitality Trust has a one year low of $16.60 and a one year high of $24.16. The stock has a market capitalization of $770.28 million, a price-to-earnings ratio of 9.73, a P/E/G ratio of 1.98 and a beta of 1.29.

Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings data on Tuesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.12. Hersha Hospitality Trust had a negative net margin of 2.74% and a negative return on equity of 0.58%. The business had revenue of $133.84 million during the quarter, compared to analyst estimates of $135.57 million. Sell-side analysts predict that Hersha Hospitality Trust will post 1.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were issued a $0.28 dividend. The ex-dividend date was Friday, September 28th. This represents a $1.12 annualized dividend and a yield of 5.73%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is presently 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 7,666 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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