Hersha Hospitality Trust (NYSE:HT) will post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Hersha Hospitality Trust to post earnings of ($0.13) per share for the quarter.

Hersha Hospitality Trust (NYSE HT) opened at $17.74 on Wednesday. Hersha Hospitality Trust has a 52 week low of $17.10 and a 52 week high of $21.48. 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 company has a market capitalization of $736.50, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 2.05 and a beta of 1.36.

Hersha Hospitality Trust declared that its board has approved a share buyback program on Wednesday, January 3rd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, January 5th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.12 dividend on an annualized basis and a yield of 6.31%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is presently 52.09%.

In related news, Chairman Hasu P. Shah sold 14,500 shares of the firm’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $17.48, for a total transaction of $253,460.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.10% of the company’s stock.

A number of equities analysts have commented on the company. ValuEngine lowered Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Barclays lowered Hersha Hospitality Trust from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $19.00 to $17.00 in a research note on Wednesday, December 13th. B. Riley reiterated a “buy” rating on shares of Hersha Hospitality Trust in a research note on Wednesday, November 1st. Finally, FBR & Co reiterated a “buy” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.40.

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About Hersha Hospitality Trust

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.

Earnings History for Hersha Hospitality Trust (NYSE:HT)

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