Shares of Hersha Hospitality Trust (NYSE:HT) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the stock. Ten analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $20.80.

A number of brokerages recently issued reports on HT. Royal Bank Of Canada decreased their price target on shares of Hersha Hospitality Trust from $23.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 9th. RBC Capital Markets restated a “sector perform” rating and set a $21.00 price objective (down previously from $23.00) on shares of Hersha Hospitality Trust in a research report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Canaccord Genuity restated a “hold” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a research report on Friday, July 29th. Finally, FBR & Co reduced their price objective on shares of Hersha Hospitality Trust from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, October 27th.

Hersha Hospitality Trust (NYSE:HT) opened at 19.08 on Wednesday. The firm’s 50-day moving average is $18.19 and its 200-day moving average is $18.53. The firm has a market cap of $798.31 million, a price-to-earnings ratio of 8.26 and a beta of 1.28. Hersha Hospitality Trust has a 52 week low of $15.36 and a 52 week high of $24.13.

Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings data on Wednesday, October 26th. The real estate investment trust reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.03. Hersha Hospitality Trust had a net margin of 22.37% and a return on equity of 14.23%. The business earned $120.60 million during the quarter, compared to analyst estimates of $116.01 million. During the same quarter last year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Hersha Hospitality Trust will post $2.50 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 3rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $1.12 annualized dividend and a yield of 5.87%. Hersha Hospitality Trust’s dividend payout ratio is currently 47.86%.

In other news, Chairman Hasu P. Shah acquired 3,000 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were bought at an average cost of $19.00 per share, with a total value of $57,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jay H. Shah acquired 4,700 shares of the company’s stock in a transaction on Monday, September 12th. The stock was purchased at an average cost of $18.40 per share, for a total transaction of $86,480.00. Following the completion of the purchase, the chief executive officer now directly owns 275,730 shares in the company, valued at approximately $5,073,432. The disclosure for this purchase can be found here. 7.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Hersha Hospitality Trust by 0.5% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 8,548 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 41 shares during the last quarter. Barclays PLC raised its stake in shares of Hersha Hospitality Trust by 0.6% in the first quarter. Barclays PLC now owns 59,244 shares of the real estate investment trust’s stock valued at $1,244,000 after buying an additional 342 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Hersha Hospitality Trust by 3.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 18,178 shares of the real estate investment trust’s stock valued at $312,000 after buying an additional 551 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Hersha Hospitality Trust by 0.3% in the third quarter. Nationwide Fund Advisors now owns 203,378 shares of the real estate investment trust’s stock valued at $3,665,000 after buying an additional 664 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Hersha Hospitality Trust by 0.9% in the third quarter. California State Teachers Retirement System now owns 87,642 shares of the real estate investment trust’s stock valued at $1,579,000 after buying an additional 800 shares during the last quarter.

Hersha Hospitality Trust Company Profile

Hersha Hospitality Trust is a real estate investment trust. The Company operates through investment in hotel properties segment. It invests in institutional grade hotels in urban gateway markets, including New York, Washington District of Columbia (DC), Boston, Philadelphia, South Florida and select markets on the West Coast.

5 Day Chart for NYSE:HT

Receive News & Stock Ratings for Hersha Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hersha Hospitality Trust and related stocks with our FREE daily email newsletter.