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NYSE:HT - Hersha Hospitality Trust Stock Price, Forecast & News

$14.01
-0.08 (-0.57 %)
(As of 12/12/2019 03:30 AM ET)
Today's Range
$13.99
Now: $14.01
$14.14
50-Day Range
$13.71
MA: $14.10
$14.59
52-Week Range
$13.00
Now: $14.01
$20.38
Volume286,484 shs
Average Volume374,854 shs
Market Capitalization$540.94 million
P/E Ratio6.37
Dividend Yield7.95%
Beta1.3
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP42782510
Phone717-236-4400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$495.06 million
Cash Flow$2.52 per share
Book Value$24.22 per share

Profitability

Net Income$9.99 million

Miscellaneous

Employees54
Market Cap$540.94 million
Next Earnings Date2/24/2020 (Estimated)
OptionableOptionable

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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 Thursday, September 19th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.28 per share on Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend is Friday, September 27th. View Hersha Hospitality Trust's Dividend History.

How will Hersha Hospitality Trust's stock buyback program work?

Hersha Hospitality Trust declared that its board has approved a share buyback program on Thursday, January 4th 2018, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

How were Hersha Hospitality Trust's earnings last quarter?

Hersha Hospitality Trust (NYSE:HT) released its quarterly earnings results on Tuesday, November, 5th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.67. The real estate investment trust had revenue of $135 million for the quarter, compared to analysts' expectations of $135.62 million. Hersha Hospitality Trust had a net margin of 0.36% and a return on equity of 0.21%. View Hersha Hospitality Trust's Earnings History.

When is Hersha Hospitality Trust's next earnings date?

Hersha Hospitality Trust is scheduled to release their next quarterly earnings announcement on Monday, February 24th 2020. View Earnings Estimates for Hersha Hospitality Trust.

What price target have analysts set for HT?

8 Wall Street analysts have issued twelve-month price targets for Hersha Hospitality Trust's shares. Their forecasts range from $12.50 to $18.00. On average, they expect Hersha Hospitality Trust's share price to reach $14.20 in the next year. This suggests a possible upside of 1.4% from the stock's current price. View Analyst Price Targets for Hersha Hospitality Trust.

What is the consensus analysts' recommendation for Hersha Hospitality Trust?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hersha Hospitality Trust in the last year. There are currently 4 sell ratings, 3 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?

News headlines about HT stock have trended negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Hersha Hospitality Trust earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Hersha Hospitality Trust.

Are investors shorting Hersha Hospitality Trust?

Hersha Hospitality Trust saw a increase in short interest in November. As of November 29th, there was short interest totalling 3,360,000 shares, an increase of 5.7% from the November 14th total of 3,180,000 shares. Based on an average daily trading volume, of 416,500 shares, the days-to-cover ratio is currently 8.1 days. Currently, 9.6% of the shares of the stock are sold short. View Hersha Hospitality Trust's Current Options Chain.

Who are some of Hersha Hospitality Trust's key competitors?

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 New Residential Investment (NRZ), AT&T (T), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), AbbVie (ABBV), Simon Property Group (SPG), Ventas (VTR), Medical Properties Trust (MPW), Ares Capital (ARCC) and Bank of America (BAC).

Who are Hersha Hospitality Trust's key executives?

Hersha Hospitality Trust's management team includes the folowing people:
  • Mr. Hasu P. Shah, Exec. Chairman (Age 74)
  • Mr. Jay H. Shah, CEO & Trustee (Age 50)
  • Mr. Neil H. Shah, Pres & COO (Age 45)
  • Mr. Ashish R. Parikh CPA, CFO & Assistant Sec. (Age 49)
  • Mr. Michael R. Gillespie CPA, Chief Accounting Officer, Controller & Assistant Sec. (Age 46)

Who are Hersha Hospitality Trust's major shareholders?

Hersha Hospitality Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Dalton Greiner Hartman Maher & Co. (3.63%), Real Estate Management Services LLC (1.52%), Hillcrest Asset Management LLC (1.40%), Millennium Management LLC (0.72%), O Keefe Stevens Advisory Inc. (0.61%) and Foundry Partners LLC (0.60%). Company insiders that own Hersha Hospitality Trust stock include Ashish R Parikh, Frank E Celli, Hasu P Shah, Jay H Shah, John Sabin, 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 Robeco Institutional Asset Management B.V., Hillcrest Asset Management LLC, Systematic Financial Management LP, Fisher Asset Management LLC, Foundry Partners LLC, Stifel Financial Corp, Spirit of America Management Corp NY and Barclays PLC. View Insider Buying and Selling for Hersha Hospitality Trust.

Which institutional investors are buying Hersha Hospitality Trust stock?

HT stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Dalton Greiner Hartman Maher & Co., Real Estate Management Services LLC, California Public Employees Retirement System, O Keefe Stevens Advisory Inc., Voya Investment Management LLC, Sumitomo Mitsui Trust Holdings Inc. and Rhumbline Advisers. Company insiders that have bought Hersha Hospitality Trust stock in the last two years include Ashish R Parikh, Frank E Celli, Hasu P Shah, Jay H Shah, John Sabin, 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, Robinhood, Fidelity and Charles Schwab.

What is Hersha Hospitality Trust's stock price today?

One share of HT stock can currently be purchased for approximately $14.01.

How big of a company is Hersha Hospitality Trust?

Hersha Hospitality Trust has a market capitalization of $540.94 million and generates $495.06 million in revenue each year. The real estate investment trust earns $9.99 million in net income (profit) each year or $2.20 on an earnings per share basis. Hersha Hospitality Trust employs 54 workers across the globe.View Additional Information About Hersha Hospitality Trust.

What is Hersha Hospitality Trust's official website?

The official website for Hersha Hospitality Trust is http://www.hersha.com/.

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  309 (Vote Outperform)
Underperform Votes:  470 (Vote Underperform)
Total Votes:  779
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.
This page was last updated on 12/12/2019 by MarketBeat.com Staff

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