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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hersha Hospitality Trust in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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5 analysts have issued 1-year price targets for Hersha Hospitality Trust's shares. Their HT share price forecasts range from $7.00 to $13.00. On average, they anticipate the company's share price to reach $9.60 in the next twelve months. This suggests a possible upside of 55.3% from the stock's current price.
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Hersha Hospitality Trust's stock was trading at $8.52 at the beginning of 2023. Since then, HT stock has decreased by 27.5% and is now trading at $6.18.
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Hersha Hospitality Trust saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,080,000 shares, an increase of 15.2% from the April 30th total of 937,800 shares. Based on an average daily trading volume, of 725,300 shares, the days-to-cover ratio is presently 1.5 days. Approximately 3.3% of the company's stock are short sold.
View Hersha Hospitality Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our HT earnings forecast.

Hersha Hospitality Trust (NYSE:HT) released its quarterly earnings data on Wednesday, April, 27th. The real estate investment trust reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.53. Hersha Hospitality Trust had a net margin of 37.11% and a trailing twelve-month return on equity of 20.75%. During the same quarter in the prior year, the firm posted ($0.36) earnings per share.

Hersha Hospitality Trust declared a quarterly dividend on Thursday, May 18th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.05 per share on Monday, July 17th. This represents a $0.20 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for HT.

ETFs with the largest weight of Hersha Hospitality Trust (NYSE:HT) stock in their portfolio include Cambria Global Real Estate ETF (BLDG), Nuveen Short-Term REIT ETF (NURE), iShares Core U.S. REIT ETF (USRT), iShares US Credit Bond ETF (CRED), SPDR Dow Jones REIT ETF (RWR) and First Trust S&P REIT Index Fund (FRI).Dimensional US Real Estate ETF (DFAR).

Hersha Hospitality Trust (NYSE:HT) pays an annual dividend of $0.20 per share and currently has a dividend yield of 3.42%. The dividend payout ratio is 6.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HT will have a dividend payout ratio of 19.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HT.

Hersha Hospitality Trust updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $0.39-$0.45 for the period, compared to the consensus estimate of $0.42. The company issued revenue guidance of -.

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.

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).

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

Hersha Hospitality Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.33%), State Street Corp (2.78%), Prudential Financial Inc. (2.35%), Geode Capital Management LLC (1.61%), Two Sigma Advisers LP (1.54%) and Jane Street Group LLC (1.30%). Insiders that own company stock include Ashish R Parikh, Jay H Shah, Michael A Leven, Neil H Shah and Thomas J Hutchison III.
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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.
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One share of HT stock can currently be purchased for approximately $6.18.

Hersha Hospitality Trust (NYSE:HT) has a market capitalization of $246.46 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 $3.11 on an earnings per share basis.

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.