Analysts expect Hersha Hospitality Trust (NYSE:HT) to report sales of $131.98 million for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Hersha Hospitality Trust’s earnings. The highest sales estimate is $139.10 million and the lowest is $118.11 million. Hersha Hospitality Trust posted sales of $120.61 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.4%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, October 25th.

According to Zacks, analysts expect that Hersha Hospitality Trust will report full-year sales of $131.98 million for the current fiscal year, with estimates ranging from $474.45 million to $511.13 million. For the next year, analysts anticipate that the firm will post sales of $506.27 million per share, with estimates ranging from $474.06 million to $523.64 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Hersha Hospitality Trust.

Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.02). The company had revenue of $138.00 million during the quarter, compared to the consensus estimate of $134.55 million. Hersha Hospitality Trust had a return on equity of 14.78% and a net margin of 22.77%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share.

A number of analysts have commented on HT shares. FBR & Co set a $20.00 price target on shares of Hersha Hospitality Trust and gave the company a “buy” rating in a research report on Monday, August 28th. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Hersha Hospitality Trust in a research report on Friday, September 8th. BidaskClub raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price target on shares of Hersha Hospitality Trust in a research report on Thursday, September 7th. Finally, Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Hersha Hospitality Trust presently has a consensus rating of “Hold” and an average price target of $19.89.

Hersha Hospitality Trust (HT) traded up 0.42% on Thursday, reaching $19.19. The company’s stock had a trading volume of 564,297 shares. The company has a market cap of $802.79 million, a P/E ratio of 8.42 and a beta of 1.39. Hersha Hospitality Trust has a 12 month low of $16.80 and a 12 month high of $22.14. The stock’s 50 day moving average price is $18.60 and its 200 day moving average price is $18.61.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.84%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is presently 48.70%.

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In related news, insider Neil H. Shah acquired 4,165 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were bought at an average price of $17.93 per share, with a total value of $74,678.45. Following the transaction, the insider now directly owns 297,418 shares of the company’s stock, valued at $5,332,704.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Neil H. Shah acquired 1,500 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of $17.91 per share, for a total transaction of $26,865.00. Following the transaction, the insider now directly owns 302,210 shares in the company, valued at $5,412,581.10. The disclosure for this purchase can be found here. Insiders have bought a total of 8,679 shares of company stock worth $155,506 in the last three months. Insiders own 8.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its position in shares of Hersha Hospitality Trust by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,503 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 54 shares in the last quarter. Texas Permanent School Fund lifted its position in Hersha Hospitality Trust by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 30,498 shares of the real estate investment trust’s stock valued at $565,000 after acquiring an additional 255 shares in the last quarter. M&T Bank Corp lifted its position in Hersha Hospitality Trust by 1.1% in the 2nd quarter. M&T Bank Corp now owns 28,042 shares of the real estate investment trust’s stock valued at $519,000 after acquiring an additional 298 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Hersha Hospitality Trust by 0.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 50,302 shares of the real estate investment trust’s stock valued at $945,000 after acquiring an additional 403 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Hersha Hospitality Trust by 0.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 276,497 shares of the real estate investment trust’s stock valued at $5,118,000 after acquiring an additional 926 shares in the last quarter. 98.38% of the stock is currently owned by institutional investors.

Hersha Hospitality Trust Company Profile

Hersha Hospitality Trust is a self-advised real estate investment trust (REIT). The Company invests primarily in institutional grade hotels in urban gateway markets, including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. As of July 20, 2017, the Company’s hotels included 51 hotels totaling 7,804 rooms 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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