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 7,730 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company's common shares are traded on The New York Stock Exchange under the ticker HT.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:HT
Previous Symbol
CUSIP42782510
Phone717-236-4400
Debt
Debt-to-Equity Ratio1.09
Current Ratio0.45
Quick Ratio0.45
Price-To-Earnings
Trailing P/E Ratio8.56
Forward P/E Ratio9.63
P/E Growth2.06
Sales & Book Value
Annual Sales$498.24 million
Price / Sales1.46
Cash Flow$4.5098 per share
Price / Cash Flow4.10
Book Value$21.34 per share
Price / Book0.87
Profitability
EPS (Most Recent Fiscal Year)$2.16
Net Income$99.86 million
Net Margins-1.61%
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees51
Outstanding Shares39,420,000
Market Cap$739.59 million
OptionableOptionable
Hersha Hospitality Trust (NYSE:HT) Frequently Asked Questions
What is Hersha Hospitality Trust's stock symbol?
Hersha Hospitality Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "HT."
How often does Hersha Hospitality Trust pay dividends? What is the dividend yield for Hersha Hospitality Trust?
Hersha Hospitality Trust declared a quarterly dividend on Tuesday, September 18th. Investors of record on Monday, October 1st will be paid a dividend of $0.28 per share on Monday, October 15th. This represents a $1.12 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date of this dividend is Friday, September 28th. View Hersha Hospitality Trust's Dividend History.
How will Hersha Hospitality Trust's stock buyback program work?
Hersha Hospitality Trust declared that its Board of Directors has initiated a share repurchase plan on Thursday, January 4th 2018, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.
How were Hersha Hospitality Trust's earnings last quarter?
Hersha Hospitality Trust (NYSE:HT) issued its earnings results on Tuesday, October, 23rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.06) by $0.03. The real estate investment trust had revenue of $127.88 million for the quarter, compared to the consensus estimate of $134.82 million. View Hersha Hospitality Trust's Earnings History.
When is Hersha Hospitality Trust's next earnings date?
What guidance has Hersha Hospitality Trust issued on next quarter's earnings?
Hersha Hospitality Trust issued an update on its FY 2018 earnings guidance on Tuesday, October, 23rd. The company provided earnings per share guidance of $2.15-2.20 for the period. Hersha Hospitality Trust also updated its Q4 2018 guidance to $0.53-0.58 EPS.
What price target have analysts set for HT?
9 equities research analysts have issued 12-month price targets for Hersha Hospitality Trust's stock. Their predictions range from $19.00 to $24.00. On average, they expect Hersha Hospitality Trust's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price. View Analyst Price Targets for Hersha Hospitality Trust.
What is the consensus analysts' recommendation for Hersha Hospitality Trust?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hersha Hospitality Trust in the last year. There are currently 2 sell ratings, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Hersha Hospitality Trust.
Has Hersha Hospitality Trust been receiving favorable news coverage?
Media stories about HT stock have been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Hersha Hospitality Trust earned a coverage optimism score of 1.5 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.
Who are some of Hersha Hospitality Trust's key competitors?
Some companies that are related to Hersha Hospitality Trust include Stag Industrial (STAG), Outfront Media (OUT), Empire State Realty Trust (ESRT), The GEO Group (GEO), Retail Properties of America (RPAI), Corporate Office Properties Trust (OFC), Great Portland Estates (GPEAF), Corecivic (CXW), Keppel REIT (KREVF), Columbia Property Trust (CXP), Brandywine Realty Trust (BDN), Apollo Commercial Real Est. Finance (ARI), Pebblebrook Hotel Trust (PEB), Acadia Realty Trust (AKR) and Tanger Factory Outlet Centers (SKT).
Who are Hersha Hospitality Trust's key executives?
Hersha Hospitality Trust's management team includes the folowing people:
- Mr. Hasu P. Shah, Chairman (Age 73)
- Mr. Jay H. Shah, CEO & Trustee (Age 49)
- Mr. Neil H. Shah, Pres & COO (Age 44)
- Mr. Ashish R. Parikh CPA, CFO & Assistant Sec. (Age 48)
- Mr. Michael R. Gillespie, Chief Accounting Officer, Controller & Assistant Sec. (Age 45)
Who are Hersha Hospitality Trust's major shareholders?
Hersha Hospitality Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.38%), Vanguard Group Inc. (14.65%), Jennison Associates LLC (8.80%), Dalton Greiner Hartman Maher & Co. (3.20%), Robeco Institutional Asset Management B.V. (2.37%) and LSV Asset Management (2.20%). Company insiders that own Hersha Hospitality Trust stock include Ashish R Parikh, Hasu P Shah, Jay H Shah, Michael R Gillespie, Neil H Shah and Thomas J Hutchison III. View Institutional Ownership Trends for Hersha Hospitality Trust.
Which institutional investors are selling Hersha Hospitality Trust stock?
HT stock was sold by a variety of institutional investors in the last quarter, including Real Estate Management Services LLC, BlackRock Inc., Putnam Investments LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Russell Investments Group Ltd., Morgan Stanley and Laurion Capital Management LP. Company insiders that have sold Hersha Hospitality Trust company stock in the last year include Hasu P Shah and Thomas J Hutchison III. View Insider Buying and Selling for Hersha Hospitality Trust.
Which institutional investors are buying Hersha Hospitality Trust stock?
HT stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Matarin Capital Management LLC, Robeco Institutional Asset Management B.V., Hillcrest Asset Management LLC, Renaissance Technologies LLC, Chicago Equity Partners LLC, Mackenzie Financial Corp and NN Investment Partners Holdings N.V.. Company insiders that have bought Hersha Hospitality Trust stock in the last two years include Ashish R Parikh, Hasu P Shah, Jay H Shah, Michael R Gillespie and Neil H Shah. View Insider Buying and Selling for Hersha Hospitality Trust.
How do I buy shares of Hersha Hospitality Trust?
Shares of HT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Hersha Hospitality Trust's stock price today?
One share of HT stock can currently be purchased for approximately $18.49.
How big of a company is Hersha Hospitality Trust?
Hersha Hospitality Trust has a market capitalization of $739.59 million and generates $498.24 million in revenue each year. The real estate investment trust earns $99.86 million in net income (profit) each year or $2.16 on an earnings per share basis. Hersha Hospitality Trust employs 51 workers across the globe.
What is Hersha Hospitality Trust's official website?
How can I contact Hersha Hospitality Trust?
Hersha Hospitality Trust's mailing address is 44 HERSHA DRIVE, HARRISBURG PA, 17102. The real estate investment trust can be reached via phone at 717-236-4400 or via email at [email protected]
MarketBeat Community Rating for Hersha Hospitality Trust (NYSE HT)
MarketBeat's community ratings are surveys of what our community members think about Hersha Hospitality Trust and other stocks. Vote "Outperform" if you believe HT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HT will underperform the S&P 500 over the long term. You may vote once every thirty days.
