Wall Street brokerages expect Hersha Hospitality Trust (NYSE:HT) to post sales of $115.53 million for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Hersha Hospitality Trust’s earnings, with estimates ranging from $112.02 million to $119.90 million. Hersha Hospitality Trust posted sales of $111.45 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The company is scheduled to report its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Hersha Hospitality Trust will report full-year sales of $115.53 million for the current financial year, with estimates ranging from $487.61 million to $495.50 million. For the next fiscal year, analysts anticipate that the firm will report sales of $504.41 million per share, with estimates ranging from $491.10 million to $517.16 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Hersha Hospitality Trust.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “hold” rating to a “strong sell” rating in a research note on Monday, November 20th. FBR & Co set a $20.00 price target on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a research note on Monday, August 28th. ValuEngine raised shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Hersha Hospitality Trust in a research note on Friday, September 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price target on shares of Hersha Hospitality Trust in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Hersha Hospitality Trust presently has a consensus rating of “Hold” and a consensus target price of $19.40.

In other news, COO Neil H. Shah acquired 2,823 shares of the stock in a transaction on Thursday, October 26th. The shares were purchased at an average price of $17.71 per share, for a total transaction of $49,995.33. Following the transaction, the chief operating officer now directly owns 305,033 shares of the company’s stock, valued at $5,402,134.43. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Neil H. Shah acquired 5,673 shares of the stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $17.48 per share, for a total transaction of $99,164.04. Following the transaction, the insider now directly owns 305,033 shares in the company, valued at $5,331,976.84. The disclosure for this purchase can be found here. Insiders have acquired a total of 19,815 shares of company stock valued at $346,990 in the last ninety days. Insiders own 8.10% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Pinebridge Investments L.P. increased its position in shares of Hersha Hospitality Trust by 1.0% in the second 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 during the period. SG Americas Securities LLC bought a new position in shares of Hersha Hospitality Trust in the third quarter worth $135,000. Stevens Capital Management LP bought a new position in shares of Hersha Hospitality Trust in the third quarter worth $200,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Hersha Hospitality Trust in the second quarter worth $219,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Hersha Hospitality Trust in the third quarter worth $258,000. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Shares of Hersha Hospitality Trust (HT) opened at $17.46 on Thursday. Hersha Hospitality Trust has a 52 week low of $17.15 and a 52 week high of $21.95. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $730.26, a P/E ratio of 7.98, a P/E/G ratio of 2.14 and a beta of 1.34.

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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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