Hersha Hospitality Trust (HT) Receives Average Recommendation of “Hold” from Analysts

Shares of Hersha Hospitality Trust (NYSE:HT) have earned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.44.

Several brokerages recently commented on HT. Zacks Investment Research raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report 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 report on Tuesday, February 27th. Stifel Nicolaus reissued a “hold” rating and set a $18.00 price target (down from $18.50) on shares of Hersha Hospitality Trust in a research report on Thursday, February 22nd. B. Riley cut Hersha Hospitality Trust from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research report on Thursday, April 26th. Finally, Barclays increased their price target on Hersha Hospitality Trust from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Thursday, April 26th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Hersha Hospitality Trust by 0.6% in the first quarter. BlackRock Inc. now owns 6,678,712 shares of the real estate investment trust’s stock valued at $119,550,000 after buying an additional 40,938 shares during the last quarter. Dalton Greiner Hartman Maher & Co. lifted its position in shares of Hersha Hospitality Trust by 14.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 1,162,729 shares of the real estate investment trust’s stock valued at $20,813,000 after buying an additional 146,301 shares during the last quarter. Northern Trust Corp lifted its position in shares of Hersha Hospitality Trust by 6.8% in the first quarter. Northern Trust Corp now owns 871,798 shares of the real estate investment trust’s stock valued at $15,606,000 after buying an additional 55,256 shares during the last quarter. LSV Asset Management lifted its position in shares of 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Hersha Hospitality Trust by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 737,811 shares of the real estate investment trust’s stock valued at $13,207,000 after buying an additional 2,849 shares during the last quarter. 95.11% of the stock is owned by institutional investors.

Shares of Hersha Hospitality Trust traded up $0.41, reaching $20.95, during mid-day trading on Thursday, MarketBeat Ratings reports. 309,300 shares of the stock were exchanged, 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 company has a market cap of $823.97 million, a PE ratio of 9.70, a PEG ratio of 2.08 and a beta of 1.32. Hersha Hospitality Trust has a one year low of $16.60 and a one year 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) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.84). The firm had revenue of $99.64 million for the quarter, compared to the consensus estimate of $102.92 million. Hersha Hospitality Trust had a return on equity of 5.74% and a net margin of 11.06%. research analysts predict that Hersha Hospitality Trust will post 1.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.35%. 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.

Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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