Hersha Hospitality Trust (HT) Expected to Post Earnings of $0.58 Per Share

Wall Street analysts expect that Hersha Hospitality Trust (NYSE:HT) will announce earnings per share of $0.58 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Hersha Hospitality Trust’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.56. Hersha Hospitality Trust reported earnings of $0.48 per share during the same quarter last year, which indicates a positive year over year growth rate of 20.8%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, February 25th.

On average, analysts expect that Hersha Hospitality Trust will report full year earnings of $2.18 per share for the current fiscal year, with EPS estimates ranging from $2.16 to $2.20. For the next financial year, analysts forecast that the business will report earnings of $2.32 per share, with EPS estimates ranging from $1.99 to $2.61. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Hersha Hospitality Trust.

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Several equities analysts have recently weighed in on HT shares. Zacks Investment Research cut Hersha Hospitality Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine cut Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Deutsche Bank set a $19.00 price objective on Hersha Hospitality Trust and gave the company a “hold” rating in a report on Thursday, October 25th. B. Riley set a $19.00 price objective on Hersha Hospitality Trust and gave the company a “hold” rating in a report on Thursday, October 25th. Finally, Robert W. Baird set a $20.00 price objective on Hersha Hospitality Trust and gave the company a “hold” rating in a report on Thursday, October 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.42.

Shares of NYSE HT traded up $0.32 during mid-day trading on Monday, hitting $18.64. The company had a trading volume of 314,136 shares, compared to its average volume of 464,413. The stock has a market capitalization of $734.86 million, a price-to-earnings ratio of 8.63, a PEG ratio of 1.87 and a beta of 1.43. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.45 and a quick ratio of 0.45. Hersha Hospitality Trust has a one year low of $16.50 and a one year high of $24.16.

In related news, Director Thomas J. Hutchison III sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the sale, the director now directly owns 75,510 shares in the company, valued at approximately $1,279,139.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Neil H. Shah bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, December 21st. The stock was purchased at an average price of $16.84 per share, with a total value of $50,520.00. Following the completion of the purchase, the insider now directly owns 326,752 shares in the company, valued at approximately $5,502,503.68. The disclosure for this purchase can be found here. Company insiders own 10.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Hersha Hospitality Trust by 1.0% during the third quarter. Vanguard Group Inc. now owns 5,776,695 shares of the real estate investment trust’s stock worth $130,958,000 after acquiring an additional 56,252 shares during the last quarter. Vanguard Group Inc lifted its position in Hersha Hospitality Trust by 1.0% during the third quarter. Vanguard Group Inc now owns 5,776,695 shares of the real estate investment trust’s stock worth $130,958,000 after acquiring an additional 56,252 shares during the last quarter. SG Capital Management LLC acquired a new stake in Hersha Hospitality Trust during the fourth quarter worth approximately $4,756,000. MetLife Investment Advisors LLC lifted its position in Hersha Hospitality Trust by 26.2% during the third quarter. MetLife Investment Advisors LLC now owns 26,742 shares of the real estate investment trust’s stock worth $606,000 after acquiring an additional 5,554 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its position in Hersha Hospitality Trust by 24.4% during the third quarter. Virginia Retirement Systems ET AL now owns 150,700 shares of the real estate investment trust’s stock worth $3,416,000 after acquiring an additional 29,600 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

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 7,730 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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