Brokers Offer Predictions for Hersha Hospitality Trust’s Q3 2019 Earnings (HT)

Hersha Hospitality Trust (NYSE:HT) – Research analysts at Jefferies Financial Group increased their Q3 2019 earnings per share (EPS) estimates for Hersha Hospitality Trust in a research report issued on Thursday, October 25th, according to Zacks Investment Research. Jefferies Financial Group analyst D. Katz now expects that the real estate investment trust will post earnings per share of $0.68 for the quarter, up from their prior forecast of $0.66.

A number of other research firms have also recently weighed in on HT. Zacks Investment Research cut Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Stifel Nicolaus increased their price objective on Hersha Hospitality Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Robert W. Baird cut Hersha Hospitality Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, August 20th. Finally, Barclays increased their price objective on Hersha Hospitality Trust from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Hersha Hospitality Trust has an average rating of “Hold” and an average price target of $21.63.

Hersha Hospitality Trust stock traded down $0.10 during mid-day trading on Monday, reaching $18.07. 161,749 shares of the company were exchanged, compared to its average volume of 489,032. Hersha Hospitality Trust has a twelve month low of $16.60 and a twelve month high of $24.16. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $716.33 million, a price-to-earnings ratio of 8.37, a PEG ratio of 1.99 and a beta of 1.52.

Hersha Hospitality Trust (NYSE:HT) last announced its earnings results on Tuesday, October 23rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The company had revenue of $127.88 million during the quarter, compared to analysts’ expectations of $134.82 million.

Several hedge funds have recently modified their holdings of HT. Wells Fargo & Company MN raised its stake in shares of Hersha Hospitality Trust by 4.5% during the 1st quarter. Wells Fargo & Company MN now owns 170,698 shares of the real estate investment trust’s stock worth $3,055,000 after buying an additional 7,399 shares in the last quarter. Northern Trust Corp increased its stake in Hersha Hospitality Trust by 6.8% in the 1st quarter. Northern Trust Corp now owns 871,798 shares of the real estate investment trust’s stock valued at $15,606,000 after purchasing an additional 55,256 shares in the last quarter. California Public Employees Retirement System increased its stake in Hersha Hospitality Trust by 3.3% in the 1st quarter. California Public Employees Retirement System now owns 134,582 shares of the real estate investment trust’s stock valued at $2,409,000 after purchasing an additional 4,362 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hersha Hospitality Trust by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 737,811 shares of the real estate investment trust’s stock valued at $13,207,000 after purchasing an additional 2,849 shares in the last quarter. Finally, UBS Group AG increased its stake in Hersha Hospitality Trust by 429.4% in the 1st quarter. UBS Group AG now owns 49,148 shares of the real estate investment trust’s stock valued at $880,000 after purchasing an additional 39,864 shares in the last quarter. 97.52% of the stock is owned by institutional investors and hedge funds.

In other Hersha Hospitality Trust news, insider Neil H. Shah bought 3,000 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of $17.30 per share, with a total value of $51,900.00. Following the purchase, the insider now owns 323,752 shares in the company, valued at approximately $5,600,909.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jay H. Shah bought 5,800 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were acquired at an average cost of $17.30 per share, with a total value of $100,340.00. Following the completion of the purchase, the chief executive officer now owns 289,420 shares in the company, valued at approximately $5,006,966. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,500 shares of company stock valued at $233,860 over the last ninety days. 10.30% of the stock is owned by insiders.

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 hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,666 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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Earnings History and Estimates for Hersha Hospitality Trust (NYSE:HT)

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