Hersha Hospitality Trust (HT) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Hersha Hospitality Trust (NYSE: HT):

  • 11/6/2019 – Hersha Hospitality Trust had its “sell” rating reaffirmed by analysts at BMO Capital Markets. They now have a $12.50 price target on the stock.
  • 11/1/2019 – Hersha Hospitality Trust was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/24/2019 – Hersha Hospitality Trust had its price target lowered by analysts at Deutsche Bank AG from $16.00 to $15.00. They now have a “hold” rating on the stock.
  • 10/22/2019 – Hersha Hospitality Trust was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Hersha Hospitality Trust is an entrepreneurial, high-growth real estate development and management company focussed on the hospitality industry. Hersha currently owns, operates, and develops a portfolio of hotels and assisted living facilities in the mid-Atlantic region of the United States. (PRESS RELEASE) “
  • 10/18/2019 – Hersha Hospitality Trust had its price target lowered by analysts at Wells Fargo & Co from $13.50 to $12.50. They now have an “underperform” rating on the stock.
  • 10/16/2019 – Hersha Hospitality Trust is now covered by analysts at BMO Capital Markets. They set an “underperform” rating and a $12.50 price target on the stock.
  • 10/2/2019 – Hersha Hospitality Trust was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/2/2019 – Hersha Hospitality Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $17.00 price target on the stock. According to Zacks, “Hersha Hospitality Trust is an entrepreneurial, high-growth real estate development and management company focussed on the hospitality industry. Hersha currently owns, operates, and develops a portfolio of hotels and assisted living facilities in the mid-Atlantic region of the United States. (PRESS RELEASE) “

Shares of Hersha Hospitality Trust stock opened at $14.45 on Thursday. The stock’s 50-day simple moving average is $14.34 and its 200-day simple moving average is $15.91. Hersha Hospitality Trust has a 52 week low of $13.00 and a 52 week high of $20.38. The company has a market capitalization of $554.11 million, a price-to-earnings ratio of 6.57, a PEG ratio of 1.47 and a beta of 1.30. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.17.

Hersha Hospitality Trust (NYSE:HT) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.67). Hersha Hospitality Trust had a return on equity of 0.44% and a net margin of 0.78%. The firm had revenue of $135.00 million during the quarter, compared to the consensus estimate of $135.62 million. On average, equities analysts expect that Hersha Hospitality Trust will post 1.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.12 annualized dividend and a yield of 7.75%. Hersha Hospitality Trust’s payout ratio is currently 50.91%.

In other Hersha Hospitality Trust news, COO Neil H. Shah bought 3,571 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were purchased at an average price of $13.90 per share, with a total value of $49,636.90. Following the completion of the purchase, the chief operating officer now owns 347,108 shares in the company, valued at approximately $4,824,801.20. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jay H. Shah bought 7,320 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of $13.65 per share, for a total transaction of $99,918.00. Following the purchase, the chief executive officer now owns 298,200 shares of the company’s stock, valued at approximately $4,070,430. The disclosure for this purchase can be found here. Insiders have acquired 115,821 shares of company stock worth $3,538,262 over the last three months. 11.80% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HT. Amundi Pioneer Asset Management Inc. lifted its holdings in Hersha Hospitality Trust by 407.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 308,332 shares of the real estate investment trust’s stock worth $5,285,000 after buying an additional 247,542 shares during the period. O Keefe Stevens Advisory Inc. raised its position in Hersha Hospitality Trust by 3.7% in the second quarter. O Keefe Stevens Advisory Inc. now owns 231,695 shares of the real estate investment trust’s stock valued at $3,832,000 after purchasing an additional 8,356 shares during the period. Real Estate Management Services LLC raised its position in Hersha Hospitality Trust by 2.4% in the second quarter. Real Estate Management Services LLC now owns 526,500 shares of the real estate investment trust’s stock valued at $8,708,000 after purchasing an additional 12,200 shares during the period. A. D. Beadell Investment Counsel Inc. purchased a new stake in Hersha Hospitality Trust in the second quarter valued at approximately $192,000. Finally, New York State Teachers Retirement System raised its position in Hersha Hospitality Trust by 26.6% in the second quarter. New York State Teachers Retirement System now owns 20,972 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 4,400 shares during the period. 93.61% of the stock is currently owned by hedge funds and other institutional investors.

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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