Shares of Hersha Hospitality Trust (NYSE:HT) have been given an average rating of “Hold” by the ten brokerages that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $19.46.
Several research analysts have recently weighed in on HT shares. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.
In other Hersha Hospitality Trust news, insider Neil H. Shah bought 6,060 shares of Hersha Hospitality Trust stock in a transaction on Tuesday, June 25th. The stock was acquired at an average cost of $16.48 per share, with a total value of $99,868.80. Following the completion of the acquisition, the insider now owns 328,252 shares in the company, valued at $5,409,592.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.80% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System boosted its position in shares of Hersha Hospitality Trust by 3.7% during the fourth quarter. California Public Employees Retirement System now owns 127,122 shares of the real estate investment trust’s stock worth $2,230,000 after acquiring an additional 4,508 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Hersha Hospitality Trust by 24.9% during the fourth quarter. New York State Common Retirement Fund now owns 92,719 shares of the real estate investment trust’s stock worth $1,626,000 after acquiring an additional 18,502 shares during the last quarter. BlackRock Inc. boosted its position in shares of Hersha Hospitality Trust by 4.4% during the fourth quarter. BlackRock Inc. now owns 6,739,682 shares of the real estate investment trust’s stock worth $118,215,000 after acquiring an additional 281,450 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of Hersha Hospitality Trust by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 23,735 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 939 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Hersha Hospitality Trust by 2.2% during the fourth quarter. Northern Trust Corp now owns 821,470 shares of the real estate investment trust’s stock worth $14,408,000 after acquiring an additional 17,886 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
Hersha Hospitality Trust stock traded up $0.12 during trading hours on Friday, reaching $16.44. The stock had a trading volume of 7,134 shares, compared to its average volume of 289,232. The stock has a market cap of $641.84 million, a PE ratio of 7.51, a PEG ratio of 1.53 and a beta of 1.30. Hersha Hospitality Trust has a 52 week low of $16.05 and a 52 week high of $24.16. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $16.80.
Hersha Hospitality Trust (NYSE:HT) last announced its earnings results on Monday, April 29th. The real estate investment trust reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.42). Hersha Hospitality Trust had a net margin of 0.99% and a return on equity of 1.34%. The company had revenue of $114.79 million for the quarter, compared to the consensus estimate of $109.18 million. Research analysts predict that Hersha Hospitality Trust will post 2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a yield of 6.81%. Hersha Hospitality Trust’s dividend payout ratio is currently 50.91%.
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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