Hersha Hospitality Trust (NYSE:HT) Given Consensus Rating of “Hold” by Analysts
Shares of Hersha Hospitality Trust (NYSE:HT) have been assigned an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.95.
Several analysts have recently commented on the company. Deutsche Bank set a $16.00 target price on Hersha Hospitality Trust and gave the company a “hold” rating in a research note on Wednesday, July 31st. Stifel Nicolaus set a $18.00 target price on Hersha Hospitality Trust and gave the company a “hold” rating in a research note on Wednesday, July 31st. DA Davidson downgraded Hersha Hospitality Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, ValuEngine cut shares of Hersha Hospitality Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st.
In related news, CEO Jay H. Shah purchased 5,100 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $14.75 per share, for a total transaction of $75,225.00. Following the purchase, the chief executive officer now directly owns 294,520 shares in the company, valued at approximately $4,344,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Hasu P. Shah purchased 3,584 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were bought at an average price of $13.92 per share, with a total value of $49,889.28. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 40,034 shares of company stock valued at $574,415. 11.80% of the stock is currently owned by company insiders.
NYSE HT traded down $0.33 on Friday, reaching $15.01. The company had a trading volume of 291,900 shares, compared to its average volume of 361,774. The firm has a market cap of $600.05 million, a price-to-earnings ratio of 6.82, a P/E/G ratio of 1.48 and a beta of 1.33. Hersha Hospitality Trust has a fifty-two week low of $13.38 and a fifty-two week high of $23.40. The business has a 50 day moving average of $14.75 and a two-hundred day moving average of $16.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.53 and a quick ratio of 0.53.
Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.75). Hersha Hospitality Trust had a net margin of 0.78% and a return on equity of 0.44%. The company had revenue of $147.50 million during the quarter, compared to analyst estimates of $146.81 million. As a group, research analysts predict that Hersha Hospitality Trust will post 1.84 earnings per share for the current fiscal year.
About Hersha Hospitality Trust
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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