Equities analysts expect Hersha Hospitality Trust (NYSE:HT) to announce earnings per share (EPS) of $0.58 for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Hersha Hospitality Trust’s earnings, with estimates ranging from $0.56 to $0.60. Hersha Hospitality Trust posted earnings per share of $0.48 in the same quarter last year, which indicates a positive year over year growth rate of 20.8%. The firm is expected to issue its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Hersha Hospitality Trust will report full year earnings of $2.18 per share for the current financial year, with EPS estimates ranging from $2.16 to $2.20. For the next fiscal year, analysts forecast that the company will post earnings of $2.31 per share, with EPS estimates ranging from $1.99 to $2.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hersha Hospitality Trust.
Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $127.88 million for the quarter, compared to analyst estimates of $134.82 million.
HT has been the subject of a number of research reports. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine cut shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Deutsche Bank set a $19.00 price objective on shares of Hersha Hospitality Trust and gave the company a “hold” rating in a report on Thursday, October 25th. B. Riley set a $19.00 price objective on shares of Hersha Hospitality Trust and gave the company a “hold” rating in a report on Thursday, October 25th. Finally, Robert W. Baird set a $20.00 price objective on shares of Hersha Hospitality Trust and gave the company a “hold” rating in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.63.
Shares of HT stock traded down $0.20 during trading on Monday, reaching $18.76. The company’s stock had a trading volume of 482,410 shares, compared to its average volume of 336,930. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market capitalization of $747.47 million, a P/E ratio of 8.69, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. Hersha Hospitality Trust has a 1-year low of $16.60 and a 1-year high of $24.16.
In other news, Chairman Hasu P. Shah purchased 1,750 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was bought at an average price of $17.25 per share, for a total transaction of $30,187.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Hutchison III sold 5,000 shares of Hersha Hospitality Trust stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $22.69, for a total transaction of $113,450.00. Following the completion of the transaction, the director now 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. Insiders purchased 13,500 shares of company stock valued at $233,860 in the last quarter. 10.30% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of HT. Robeco Institutional Asset Management B.V. lifted its stake in Hersha Hospitality Trust by 555.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 931,565 shares of the real estate investment trust’s stock worth $20,999,000 after acquiring an additional 789,537 shares during the last quarter. Matarin Capital Management LLC purchased a new position in Hersha Hospitality Trust in the third quarter worth approximately $16,658,000. Hillcrest Asset Management LLC purchased a new stake in shares of Hersha Hospitality Trust during the 3rd quarter worth approximately $9,355,000. Renaissance Technologies LLC lifted its position in shares of Hersha Hospitality Trust by 157.0% during the 3rd quarter. Renaissance Technologies LLC now owns 634,300 shares of the real estate investment trust’s stock worth $14,380,000 after buying an additional 387,500 shares during the last quarter. Finally, Chicago Equity Partners LLC lifted its position in shares of Hersha Hospitality Trust by 2,654.0% during the 3rd quarter. Chicago Equity Partners LLC now owns 341,500 shares of the real estate investment trust’s stock worth $7,742,000 after buying an additional 329,100 shares during the last quarter. Institutional investors own 98.20% of the company’s stock.
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 7,730 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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