$0.58 EPS Expected for Hersha Hospitality Trust (HT) This Quarter

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Equities research analysts expect Hersha Hospitality Trust (NYSE:HT) to post earnings per share (EPS) of $0.58 for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Hersha Hospitality Trust’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.60. Hersha Hospitality Trust posted earnings of $0.48 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.8%. The business is expected to report its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that Hersha Hospitality Trust will report full-year earnings of $2.18 per share for the current fiscal year, with EPS estimates ranging from $2.16 to $2.20. For the next fiscal year, analysts forecast that the firm will post earnings of $2.31 per share, with EPS estimates ranging from $1.99 to $2.61. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Hersha Hospitality Trust.

Hersha Hospitality Trust (NYSE:HT) last posted its earnings results on Tuesday, October 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $127.88 million during the quarter, compared to analysts’ expectations of $134.82 million.

Several analysts recently weighed in on HT shares. Zacks Investment Research downgraded Hersha Hospitality Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Barclays upped their price target on Hersha Hospitality Trust from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Monday, July 30th. ValuEngine downgraded Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Deutsche Bank set a $19.00 price target on Hersha Hospitality Trust and gave the stock a “hold” rating in a research note on Thursday, October 25th. Finally, B. Riley set a $19.00 price target on Hersha Hospitality Trust and gave the stock a “hold” rating in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Hersha Hospitality Trust currently has a consensus rating of “Hold” and a consensus price target of $21.63.

In other Hersha Hospitality Trust news, Director Thomas J. Hutchison III sold 5,000 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $22.69, for a total transaction of $113,450.00. Following the sale, the director now directly owns 85,510 shares in the company, valued at approximately $1,940,221.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Hasu P. Shah bought 1,450 shares of the business’s stock in a transaction on Monday, October 29th. The shares were acquired at an average price of $17.25 per share, for a total transaction of $25,012.50. The disclosure for this purchase can be found here. Insiders purchased a total of 13,500 shares of company stock worth $233,860 in the last 90 days. 10.30% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new stake in Hersha Hospitality Trust during the 2nd quarter valued at $151,000. Commonwealth Bank of Australia boosted its stake in Hersha Hospitality Trust by 72.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,920 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 3,320 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Hersha Hospitality Trust during the 2nd quarter valued at $184,000. 6 Meridian purchased a new stake in Hersha Hospitality Trust during the 2nd quarter valued at $202,000. Finally, AQR Capital Management LLC purchased a new stake in Hersha Hospitality Trust during the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Shares of HT stock traded down $0.12 during midday trading on Friday, reaching $17.97. 460,622 shares of the stock were exchanged, compared to its average volume of 488,420. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $706.47 million, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.96 and a beta of 1.52. Hersha Hospitality Trust has a 1 year low of $16.60 and a 1 year high of $24.16.

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 hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,666 rooms are 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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