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. The Company's common shares are traded on The New York Stock Exchange under the ticker HT.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Phone717-236-4400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$495.06 million
Profitability
Miscellaneous
Employees54
Next Earnings Date7/23/2019 (Estimated)
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 Friday, March 8th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.28 per share on Monday, April 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date of this dividend is Thursday, March 28th. View Hersha Hospitality Trust's Dividend History.
How will Hersha Hospitality Trust's stock buyback program work?
Hersha Hospitality Trust announced that its Board of Directors has authorized a stock buyback plan on Thursday, January 4th 2018, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.
How were Hersha Hospitality Trust's earnings last quarter?
Hersha Hospitality Trust (NYSE:HT) posted its earnings results on Monday, April, 29th. The real estate investment trust reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.08 by $0.42. The real estate investment trust had revenue of $114.79 million for the quarter, compared to analysts' expectations of $109.18 million. Hersha Hospitality Trust had a return on equity of 1.34% and a net margin of 0.99%. 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 updated its FY 2019 earnings guidance on Monday, April, 29th. The company provided earnings per share guidance of $2.22-2.35 for the period. Hersha Hospitality Trust also updated its Q2 2019 guidance to $0.79-0.83 EPS.
What price target have analysts set for HT?
10 brokerages have issued 1-year price objectives for Hersha Hospitality Trust's shares. Their predictions range from $16.75 to $24.00. On average, they anticipate Hersha Hospitality Trust's share price to reach $20.3438 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Price Targets for Hersha Hospitality Trust.
What is the consensus analysts' recommendation for Hersha Hospitality Trust?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hersha Hospitality Trust in the last year. There are currently 3 sell ratings, 5 hold ratings and 2 buy ratings 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 articles about HT stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news 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 news impact score of 1.9 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are some of Hersha Hospitality Trust's key competitors?
Some companies that are related to Hersha Hospitality Trust include Apollo Commercial Real Est. Finance (ARI), Agree Realty (ADC), Empire State Realty Trust (ESRT), Retail Properties of America (RPAI), Corecivic (CXW), Brandywine Realty Trust (BDN), The GEO Group (GEO), Columbia Property Trust (CXP), QTS Realty Trust (QTS), Potlatchdeltic (PCH), Colony Capital (CLNY), Caretrust REIT (CTRE), Acadia Realty Trust (AKR), Great Portland Estates (GPEAF) and American Assets Trust (AAT).
What other stocks do shareholders of Hersha Hospitality Trust own?
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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (18.78%), Jennison Associates LLC (7.81%), Dalton Greiner Hartman Maher & Co. (3.11%), LSV Asset Management (2.73%), Northern Trust Corp (2.00%) and Dimensional Fund Advisors LP (1.68%). 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 major investors are selling Hersha Hospitality Trust stock?
HT stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Dalton Greiner Hartman Maher & Co., Renaissance Technologies LLC, Bank of Montreal Can, Robeco Institutional Asset Management B.V., JPMorgan Chase & Co., Real Estate Management Services LLC and Jacobs Levy Equity Management Inc.. View Insider Buying and Selling for Hersha Hospitality Trust.
Which major investors are buying Hersha Hospitality Trust stock?
HT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Amundi Pioneer Asset Management Inc., Goldman Sachs Group Inc., Hillcrest Asset Management LLC, Martingale Asset Management L P, Geode Capital Management LLC, Charles Schwab Investment Management Inc. and Wakefield Asset Management LLLP. 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 $18.14.
How big of a company is Hersha Hospitality Trust?
Hersha Hospitality Trust has a market capitalization of $711.45 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.
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.
