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Hersha Hospitality Trust (HT) Stock Forecast, Price & News

$9.89
-0.05 (-0.50%)
(As of 10:39 AM ET)
Compare
Today's Range
$9.88
$9.94
50-Day Range
$6.09
$9.94
52-Week Range
$5.64
$10.31
Volume
314,517 shs
Average Volume
674,943 shs
Market Capitalization
$396.59 million
P/E Ratio
3.19
Dividend Yield
2.02%
Price Target
$9.63

Hersha Hospitality Trust MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.0% Downside
$9.63 Price Target
Short Interest
Healthy
1.96% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.50mentions of Hersha Hospitality Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.32%
From $0.74 to $0.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.89 out of 5 stars

Finance Sector

106th out of 848 stocks

Real Estate Investment Trusts Industry

17th out of 183 stocks


HT stock logo

About Hersha Hospitality Trust (NYSE:HT) Stock

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates luxury and lifestyle hotels in coastal gateway and resort markets. The Company's 25 hotels totaling 3,811 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida, and California. The Company's common shares are traded on The New York Stock Exchange under the ticker HT.

HT Price History

HT Stock News Headlines

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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMMF, RPT, HT
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Analyst Ratings for Hersha Hospitality
Barclays upgrades Hersha Hospitality (HT) to a Hold
Crude Oil Rises; GD Culture Group Shares Spike Higher
See More Headlines
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HT Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Today
9/25/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
42782510
Employees
27
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$9.63
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$7.00
Forecasted Upside/Downside
-3.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$146.72 million
Pretax Margin
46.65%

Debt

Sales & Book Value

Annual Sales
$405.87 million
Cash Flow
$5.49 per share
Book Value
$19.08 per share

Miscellaneous

Free Float
31,763,000
Market Cap
$398.59 million
Optionable
Optionable
Beta
1.90
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Key Executives

  • Mr. Jay H. Shah (Age 54)
    Exec. Chairman of Board
    Comp: $825.84k
  • Mr. Neil H. Shah (Age 49)
    Pres, CEO & Director
    Comp: $827.49k
  • Mr. Ashish R. Parikh CPA (Age 53)
    CFO, Exec. VP & Assistant Sec.
    Comp: $641.72k
  • Mr. Michael R. Gillespie CPA (Age 50)
    Chief Accounting Officer, Exec. VP & Assistant Sec.
    Comp: $391.73k
  • Mr. Greg Costa
    Mang., Investor Relations & Fin.
  • Ms. Stephanie Galli
    Sr. VP & Gen. Counsel
  • Mr. William J. Walsh
    Sr. VP of Asset Management
  • Mr. David L. Desfor (Age 62)
    Treasurer & Corp. Sec.
  • Mr. Bharat C. Mehta (Age 78)
    Exec. Officer
  • Ms. Melissa Hauser
    Director of Acquisitions and Director of Asset Management













HT Stock - Frequently Asked Questions

Should I buy or sell Hersha Hospitality Trust stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hersha Hospitality Trust in the last year. There are currently 10 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HT, but not buy additional shares or sell existing shares.
View HT analyst ratings
or view top-rated stocks.

What is Hersha Hospitality Trust's stock price forecast for 2023?

10 equities research analysts have issued 12 month target prices for Hersha Hospitality Trust's stock. Their HT share price forecasts range from $7.00 to $10.00. On average, they predict the company's stock price to reach $9.63 in the next twelve months. This suggests that the stock has a possible downside of 3.2%.
View analysts price targets for HT
or view top-rated stocks among Wall Street analysts.

How have HT shares performed in 2023?

Hersha Hospitality Trust's stock was trading at $8.52 at the beginning of 2023. Since then, HT stock has increased by 16.7% and is now trading at $9.94.
View the best growth stocks for 2023 here
.

Are investors shorting Hersha Hospitality Trust?

Hersha Hospitality Trust saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 652,900 shares, a decline of 36.0% from the August 15th total of 1,020,000 shares. Based on an average daily trading volume, of 849,700 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.0% of the shares of the company are short sold.
View Hersha Hospitality Trust's Short Interest
.

When is Hersha Hospitality Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our HT earnings forecast
.

How were Hersha Hospitality Trust's earnings last quarter?

Hersha Hospitality Trust (NYSE:HT) issued its quarterly earnings data on Wednesday, April, 27th. The real estate investment trust reported ($0.58) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.53. Hersha Hospitality Trust had a net margin of 38.77% and a trailing twelve-month return on equity of 19.42%. During the same quarter last year, the company earned ($0.36) EPS.

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 Wednesday, September 13th. Investors of record on Friday, September 29th will be given a dividend of $0.05 per share on Monday, October 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for HT
.

What ETFs hold Hersha Hospitality Trust's stock?

ETFs with the largest weight of Hersha Hospitality Trust (NYSE:HT) stock in their portfolio include Private Real Estate Strategy via Liquid REITs ETF (PRVT).Nuveen Short-Term REIT ETF (NURE).

Is Hersha Hospitality Trust a good dividend stock?

Hersha Hospitality Trust (NYSE:HT) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.03%. The dividend payout ratio is 6.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HT will have a dividend payout ratio of 21.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HT.

What guidance has Hersha Hospitality Trust issued on next quarter's earnings?

Hersha Hospitality Trust issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $0.24-$0.30 for the period, compared to the consensus earnings per share estimate of $0.29. The company issued revenue guidance of -.

What is Jay H. Shah's approval rating as Hersha Hospitality Trust's CEO?

20 employees have rated Hersha Hospitality Trust Chief Executive Officer Jay H. Shah on Glassdoor.com. Jay H. Shah has an approval rating of 53% among the company's employees. This puts Jay H. Shah in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Hersha Hospitality Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hersha Hospitality Trust investors own include Simon Property Group (SPG), Energy Transfer (ET), New Residential Investment (NRZ), NVIDIA (NVDA), Enterprise Products Partners (EPD), AT&T (T), QUALCOMM (QCOM), Main Street Capital (MAIN), Iron Mountain (IRM) and Medical Properties Trust (MPW).

What is Hersha Hospitality Trust's stock symbol?

Hersha Hospitality Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "HT."

Who are Hersha Hospitality Trust's major shareholders?

Hersha Hospitality Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.23%), State Street Corp (2.54%), Geode Capital Management LLC (1.64%), Renaissance Technologies LLC (1.31%), Dimensional Fund Advisors LP (1.27%) and Goldman Sachs Group Inc. (0.93%). Insiders that own company stock include Ashish R Parikh, Jay H Shah, Michael A Leven and Thomas J Hutchison III.
View institutional ownership trends
.

How do I buy shares of Hersha Hospitality Trust?

Shares of HT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hersha Hospitality Trust's stock price today?

One share of HT stock can currently be purchased for approximately $9.94.

How much money does Hersha Hospitality Trust make?

Hersha Hospitality Trust (NYSE:HT) has a market capitalization of $398.59 million and generates $405.87 million in revenue each year. The real estate investment trust earns $146.72 million in net income (profit) each year or $3.10 on an earnings per share basis.

How can I contact Hersha Hospitality Trust?

Hersha Hospitality Trust's mailing address is 44 HERSHA DRIVE, HARRISBURG PA, 17102. The official website for the company is www.hersha.com. The real estate investment trust can be reached via phone at (215) 238-1281, via email at investorrelations@hersha.com, or via fax at 215-238-0157.

This page (NYSE:HT) was last updated on 9/26/2023 by MarketBeat.com Staff

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