$0.58 Earnings Per Share Expected for Hersha Hospitality Trust (HT) This Quarter

Wall Street analysts expect that Hersha Hospitality Trust (NYSE:HT) will report earnings of $0.58 per share for the current quarter, according to Zacks. Nine analysts have provided estimates for Hersha Hospitality Trust’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.60. Hersha Hospitality Trust reported earnings of $0.48 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 20th.

On average, 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 financial year, analysts expect that the firm will post earnings of $2.31 per share, with EPS estimates ranging from $1.99 to $2.61. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Hersha Hospitality Trust.

Hersha Hospitality Trust (NYSE:HT) last released its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $127.88 million during the quarter, compared to the consensus estimate of $134.82 million.

A number of research firms have recently issued reports on HT. Zacks Investment Research cut Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Stifel Nicolaus raised their price objective on Hersha Hospitality Trust from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Wednesday, August 29th. Finally, Robert W. Baird cut Hersha Hospitality Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, August 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Hersha Hospitality Trust presently has an average rating of “Hold” and a consensus target price of $21.63.

In related news, 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 sale, the director now directly owns 85,510 shares of the company’s stock, valued at approximately $1,940,221.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jay H. Shah purchased 5,800 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were purchased at an average cost of $17.30 per share, with a total value of $100,340.00. Following the completion of the acquisition, the chief executive officer now owns 289,420 shares in the company, valued at approximately $5,006,966. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 13,500 shares of company stock valued at $233,860. 10.30% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in HT. Tower Research Capital LLC TRC acquired a new stake in Hersha Hospitality Trust during the 2nd quarter worth approximately $151,000. Commonwealth Bank of Australia increased its stake in Hersha Hospitality Trust by 72.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,920 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 3,320 shares during the period. Piedmont Investment Advisors LLC bought a new position in Hersha Hospitality Trust during the 2nd quarter worth $184,000. 6 Meridian bought a new position in Hersha Hospitality Trust during the 2nd quarter worth $202,000. Finally, AQR Capital Management LLC bought a new position in Hersha Hospitality Trust during the 3rd quarter worth $203,000. 98.20% of the stock is owned by institutional investors and hedge funds.

Shares of HT traded down $0.20 during mid-day 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. Hersha Hospitality Trust has a 1-year low of $16.60 and a 1-year high of $24.16. The stock has a market cap of $747.47 million, a price-to-earnings ratio of 8.69, a PEG ratio of 2.08 and a beta of 1.54. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.09.

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 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.

See Also: Dollar Cost Averaging

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Earnings History and Estimates for Hersha Hospitality Trust (NYSE:HT)

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