Hersha Hospitality Trust (HT) Receives Consensus Recommendation of “Hold” from Brokerages

Hersha Hospitality Trust (NYSE:HT) has been assigned a consensus rating of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $20.11.

Several equities research analysts have commented on HT shares. Deutsche Bank restated a “hold” rating and issued a $18.00 price target on shares of Hersha Hospitality Trust in a research note on Thursday, February 28th. ValuEngine lowered shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Finally, Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th.

Large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund bought a new stake in Hersha Hospitality Trust during the fourth quarter worth approximately $242,000. Nisa Investment Advisors LLC acquired a new position in Hersha Hospitality Trust in the 4th quarter worth approximately $316,000. Rhumbline Advisers boosted its stake in Hersha Hospitality Trust by 21.4% in the 4th quarter. Rhumbline Advisers now owns 111,704 shares of the real estate investment trust’s stock worth $1,959,000 after purchasing an additional 19,688 shares during the period. Canada Pension Plan Investment Board acquired a new position in Hersha Hospitality Trust in the 4th quarter worth approximately $1,158,000. Finally, Strs Ohio boosted its stake in Hersha Hospitality Trust by 5.9% in the 4th quarter. Strs Ohio now owns 61,820 shares of the real estate investment trust’s stock worth $1,084,000 after purchasing an additional 3,420 shares during the period. Hedge funds and other institutional investors own 96.75% of the company’s stock.

Shares of HT stock traded down $0.15 during trading hours on Thursday, hitting $16.91. 264,112 shares of the company were exchanged, compared to its average volume of 369,698. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.55 and a current ratio of 0.55. Hersha Hospitality Trust has a one year low of $16.50 and a one year high of $24.16. The stock has a market capitalization of $681.16 million, a price-to-earnings ratio of 7.70, a PEG ratio of 1.62 and a beta of 1.40.

Hersha Hospitality Trust (NYSE:HT) last released its quarterly earnings data on Monday, April 29th. The real estate investment trust reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.42). The business had revenue of $114.79 million for the quarter, compared to analyst estimates of $109.18 million. Hersha Hospitality Trust had a return on equity of 1.34% and a net margin of 0.99%. As a group, research analysts forecast that Hersha Hospitality Trust will post 2.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.62%. Hersha Hospitality Trust’s dividend payout ratio is presently 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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Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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