Hersha Hospitality Trust (NYSE:HT) – Equities research analysts at Jefferies Financial Group decreased their FY2020 EPS estimates for shares of Hersha Hospitality Trust in a research note issued on Monday, September 14th. Jefferies Financial Group analyst D. Katz now expects that the real estate investment trust will earn ($1.45) per share for the year, down from their previous estimate of ($1.08). Jefferies Financial Group also issued estimates for Hersha Hospitality Trust’s Q1 2021 earnings at ($0.18) EPS, Q2 2021 earnings at ($0.85) EPS, Q3 2021 earnings at ($0.18) EPS, Q4 2021 earnings at ($0.10) EPS and FY2021 earnings at ($1.30) EPS.
A number of other equities research analysts also recently issued reports on the company. BMO Capital Markets restated a “sell” rating and set a $4.00 price objective on shares of Hersha Hospitality Trust in a research report on Wednesday, August 5th. ValuEngine upgraded Hersha Hospitality Trust from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. DA Davidson raised Hersha Hospitality Trust from an “underperform” rating to a “neutral” rating and upped their target price for the company from $5.00 to $8.00 in a research note on Wednesday, June 17th. Barclays upped their target price on Hersha Hospitality Trust from $3.00 to $6.00 and gave the company an “underweight” rating in a research note on Monday, June 22nd. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $4.00 target price on shares of Hersha Hospitality Trust in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $6.81.
Shares of HT stock opened at $6.39 on Wednesday. Hersha Hospitality Trust has a 1 year low of $2.29 and a 1 year high of $15.30. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s 50 day simple moving average is $6.26 and its two-hundred day simple moving average is $5.79. The company has a market cap of $247.86 million, a PE ratio of -2.20 and a beta of 2.35.
Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported ($1.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.58) by ($1.17). Hersha Hospitality Trust had a negative net margin of 25.97% and a negative return on equity of 11.73%.
A number of hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in Hersha Hospitality Trust by 312.0% in the 2nd quarter. Jane Street Group LLC now owns 60,133 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 45,537 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Hersha Hospitality Trust in the 2nd quarter worth $104,000. Advisor Group Holdings Inc. raised its stake in Hersha Hospitality Trust by 20.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 18,277 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 3,100 shares during the last quarter. Marshall Wace North America L.P. raised its stake in Hersha Hospitality Trust by 228.4% in the 2nd quarter. Marshall Wace North America L.P. now owns 12,606 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 8,767 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Hersha Hospitality Trust in the 2nd quarter worth $713,000. Institutional investors own 73.30% of the company’s stock.
In other Hersha Hospitality Trust news, COO Neil H. Shah acquired 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average price of $5.75 per share, for a total transaction of $172,500.00. Following the acquisition, the chief operating officer now owns 508,511 shares in the company, valued at approximately $2,923,938.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jay H. Shah acquired 5,000 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were acquired at an average price of $5.96 per share, with a total value of $29,800.00. Following the acquisition, the chief executive officer now owns 464,115 shares in the company, valued at approximately $2,766,125.40. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 75,000 shares of company stock valued at $414,900. Company insiders own 12.90% of the company’s stock.
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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