Hersha Hospitality Trust (NYSE:HT) – Equities researchers at Jefferies Financial Group issued their FY2022 earnings per share (EPS) estimates for shares of Hersha Hospitality Trust in a report released on Monday, September 14th. Jefferies Financial Group analyst D. Katz expects that the real estate investment trust will earn $0.36 per share for the year.
Several other equities analysts have also recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Hersha Hospitality Trust from $4.50 to $6.50 and gave the stock a “hold” rating in a research note on Friday, June 5th. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, June 16th. Wells Fargo & Company lowered their price objective on shares of Hersha Hospitality Trust from $6.00 to $4.50 and set an “underweight” rating on the stock in a research note on Wednesday, July 22nd. ValuEngine raised shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 3rd. Finally, DA Davidson raised shares of Hersha Hospitality Trust from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $5.00 to $8.00 in a research note on Wednesday, June 17th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.81.
Shares of HT opened at $6.39 on Tuesday. The firm’s 50 day moving average is $6.26 and its 200-day moving average is $5.79. The stock has a market capitalization of $247.86 million, a P/E ratio of -2.20 and a beta of 2.35. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.24 and a quick ratio of 0.24. Hersha Hospitality Trust has a 12-month low of $2.29 and a 12-month high of $15.30.
Hersha Hospitality Trust (NYSE:HT) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.75) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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%.
In related news, CEO Jay H. Shah purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was acquired at an average cost of $5.96 per share, for a total transaction of $29,800.00. Following the completion of the acquisition, the chief executive officer now owns 464,115 shares in the company, valued at approximately $2,766,125.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jay H. Shah purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average price of $5.63 per share, with a total value of $112,600.00. Following the completion of the acquisition, the chief executive officer now owns 464,115 shares of the company’s stock, valued at approximately $2,612,967.45. The disclosure for this purchase can be found here. Over the last three months, insiders bought 75,000 shares of company stock worth $414,900. 12.90% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of HT. Asio Capital LLC acquired a new stake in shares of Hersha Hospitality Trust during the second quarter worth approximately $29,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Hersha Hospitality Trust during the second quarter worth approximately $31,000. PNC Financial Services Group Inc. boosted its holdings in shares of Hersha Hospitality Trust by 244.8% during the first quarter. PNC Financial Services Group Inc. now owns 8,857 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 6,288 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Hersha Hospitality Trust during the first quarter worth approximately $51,000. Finally, Jane Street Group LLC acquired a new stake in shares of Hersha Hospitality Trust during the first quarter worth approximately $52,000. Institutional investors and hedge funds own 73.30% 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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