Hersha Hospitality Trust (NYSE:HT) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 24th. Analysts expect Hersha Hospitality Trust to post earnings of ($0.43) per share for the quarter. Hersha Hospitality Trust has set its Q1 guidance at ($0.03)-($0.01) EPS and its FY18 guidance at $1.89-2.07 EPS.
Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.09. The company had revenue of $122.62 million for the quarter, compared to analyst estimates of $115.68 million. Hersha Hospitality Trust had a net margin of 17.46% and a return on equity of 9.47%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. On average, analysts expect Hersha Hospitality Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Hersha Hospitality Trust stock opened at $19.03 on Tuesday. The company has a market cap of $755.06, a P/E ratio of 8.81, a P/E/G ratio of 2.85 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.31 and a current ratio of 0.31. Hersha Hospitality Trust has a 1 year low of $16.60 and a 1 year high of $19.87.
The business also recently declared a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend was Wednesday, March 28th. Hersha Hospitality Trust’s dividend payout ratio (DPR) is presently 51.85%.
Hersha Hospitality Trust announced that its Board of Directors has initiated a stock repurchase plan 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 repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In other Hersha Hospitality Trust news, CEO Jay H. Shah bought 2,975 shares of Hersha Hospitality Trust stock in a transaction on Friday, March 2nd. The shares were purchased at an average cost of $16.75 per share, with a total value of $49,831.25. Following the acquisition, the chief executive officer now directly owns 320,752 shares of the company’s stock, valued at approximately $5,372,596. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ashish R. Parikh bought 1,485 shares of Hersha Hospitality Trust stock in a transaction on Friday, March 2nd. The shares were acquired at an average cost of $16.84 per share, for a total transaction of $25,007.40. Following the completion of the acquisition, the chief financial officer now directly owns 109,465 shares in the company, valued at $1,843,390.60. The disclosure for this purchase can be found here. Insiders own 8.10% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Saturday, March 24th. Robert W. Baird set a $18.00 price target on shares of Hersha Hospitality Trust and gave the company a “buy” rating in a report on Tuesday, February 27th. ValuEngine lowered shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 price target (down from $18.50) on shares of Hersha Hospitality Trust in a report on Thursday, February 22nd. Finally, B. Riley set a $20.00 price target on shares of Hersha Hospitality Trust and gave the company a “buy” rating in a report on Wednesday, February 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of $18.89.
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Hersha Hospitality Trust Company Profile
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 7,584 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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