Brokerages Set Hersha Hospitality Trust (NYSE:HT) PT at $7.19

Shares of Hersha Hospitality Trust (NYSE:HT) have received a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $7.19.

HT has been the topic of several recent analyst reports. B. Riley increased their target price on shares of Hersha Hospitality Trust from $8.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, March 4th. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 24th. Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 price target on shares of Hersha Hospitality Trust in a research note on Friday, March 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $8.00 price target (up previously from $7.00) on shares of Hersha Hospitality Trust in a research note on Thursday, February 25th.

Shares of HT opened at $10.65 on Monday. Hersha Hospitality Trust has a twelve month low of $3.62 and a twelve month high of $13.05. The company has a market cap of $416.76 million, a P/E ratio of -2.65 and a beta of 2.79. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $11.07 and its 200-day simple moving average is $8.09.

Hersha Hospitality Trust (NYSE:HT) last announced its earnings results on Tuesday, February 23rd. The real estate investment trust reported ($1.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.70). Hersha Hospitality Trust had a negative net margin of 51.54% and a negative return on equity of 17.94%. Analysts predict that Hersha Hospitality Trust will post -1.7 earnings per share for the current fiscal year.

In other Hersha Hospitality Trust news, Director Thomas J. Hutchison III sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 30th. The shares were sold at an average price of $10.92, for a total transaction of $109,200.00. Following the transaction, the director now owns 108,842 shares of the company’s stock, valued at approximately $1,188,554.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Everence Capital Management Inc. bought a new stake in shares of Hersha Hospitality Trust in the 1st quarter valued at about $200,000. Campbell Capital Management Inc. boosted its holdings in shares of Hersha Hospitality Trust by 65.7% in the 1st quarter. Campbell Capital Management Inc. now owns 116,000 shares of the real estate investment trust’s stock valued at $1,224,000 after buying an additional 46,000 shares in the last quarter. Pensionfund DSM Netherlands boosted its holdings in shares of Hersha Hospitality Trust by 100.0% in the 1st quarter. Pensionfund DSM Netherlands now owns 40,000 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 20,000 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Hersha Hospitality Trust in the 4th quarter valued at about $98,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Hersha Hospitality Trust by 44.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 143,155 shares of the real estate investment trust’s stock valued at $1,129,000 after buying an additional 44,300 shares in the last quarter. Institutional investors and hedge funds own 69.18% of the company’s stock.

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 and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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