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About Hersha Hospitality Trust (NYSE:HT)
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 7,584 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
SymbolNYSE:HT
CUSIP42782510
Phone717-236-4400
Debt
Debt-to-Equity Ratio1.05
Current Ratio0.43
Quick Ratio0.43
Price-To-Earnings
Trailing P/E Ratio9.38
Forward P/E Ratio11.09
P/E Growth2.21
Sales & Book Value
Annual Sales$498.24 million
Price / Sales1.61
Cash Flow$4.6364 per share
Price / Cash4.40
Book Value$25.13 per share
Price / Book0.81
Profitability
EPS (Most Recent Fiscal Year)$2.16
Net Income$99.86 million
Net Margins11.06%
Return on Equity5.74%
Return on Assets2.50%
Miscellaneous
Employees51
Outstanding Shares39,330,000
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 announced a quarterly dividend on Tuesday, March 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.28 per share on Friday, April 13th. This represents a $1.12 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Wednesday, March 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 buyback program on Thursday, January 4th 2018, which allows the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's leadership believes its stock is undervalued.
How were Hersha Hospitality Trust's earnings last quarter?
Hersha Hospitality Trust (NYSE:HT) announced its earnings results on Tuesday, April, 24th. The real estate investment trust reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by $0.84. The real estate investment trust earned $99.64 million during the quarter, compared to analysts' expectations of $102.92 million. Hersha Hospitality Trust had a return on equity of 5.74% and a net margin of 11.06%. View Hersha Hospitality Trust's Earnings History.
When is Hersha Hospitality Trust's next earnings date?
What price target have analysts set for HT?
8 Wall Street analysts have issued 12-month target prices for Hersha Hospitality Trust's shares. Their forecasts range from $17.00 to $21.00. On average, they expect Hersha Hospitality Trust's share price to reach $19.0714 in the next year. View Analyst Ratings for Hersha Hospitality Trust.
Who are some of Hersha Hospitality Trust's key competitors?
Some companies that are related to Hersha Hospitality Trust include EastGroup Properties (EGP), Americold Realty Trust (COLD), MFA Financial (MFA), PotlatchDeltic (PCH), Geo Group (GEO), Colony NorthStar (CLNS), National Health Investors (NHI), Keppel REIT (KREVF), Brandywine Realty Trust (BDN), Outfront Media (OUT), Corporate Office Properties Trust (OFC), DDR (DDR), Two Harbors Investment (TWO), Pebblebrook Hotel (PEB) and Physicians Realty Trust (DOC).
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, Chief Financial Officer (Age 48)
- Mr. Michael R. Gillespie, Chief Accounting Officer, Controller & Assistant Sec. (Age 45)
Has Hersha Hospitality Trust been receiving favorable news coverage?
Media coverage about HT stock has trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hersha Hospitality Trust earned a media sentiment score of 0.14 on Accern's scale. They also gave media coverage about the real estate investment trust an impact score of 45.98 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are Hersha Hospitality Trust's major shareholders?
Hersha Hospitality Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include
FOSUN INTERNATIONAL LTD
(5.11%),
FOSUN INTERNATIONAL LTD
(5.11%), BlackRock Inc. (16.98%), Dalton Greiner Hartman Maher & Co. (2.96%), Northern Trust Corp (2.22%) and LSV Asset Management (2.15%). Company insiders that own Hersha Hospitality Trust stock include Ashish R Parikh, Hasu P Shah, Jay H Shah, 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 JPMorgan Chase & Co., Citadel Advisors LLC, Allianz Asset Management GmbH, Loomis Sayles & Co. L P, Schroder Investment Management Group, Royal Bank of Canada, Guggenheim Capital LLC and BNP Paribas Arbitrage SA. 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 Matarin Capital Management LLC, WINTON GROUP Ltd, LSV Asset Management, Dalton Greiner Hartman Maher & Co., Robeco Institutional Asset Management B.V., Amundi Pioneer Asset Management Inc., Susquehanna Fundamental Investments LLC and Northern Trust Corp. Company insiders that have bought Hersha Hospitality Trust stock in the last two years include Ashish R Parikh, Hasu P Shah, Jay H Shah 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 $20.38.
How big of a company is Hersha Hospitality Trust?
Hersha Hospitality Trust has a market capitalization of $792.90 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.
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 (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.
Hersha Hospitality Trust (NYSE:HT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
8 Wall Street analysts have issued ratings and price targets for Hersha Hospitality Trust in the last 12 months. Their average twelve-month price target is $19.0714, suggesting that the stock has a possible downside of 6.51%. The high price target for HT is $21.00 and the low price target for HT is $17.00. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.25 | 2.44 | 2.30 | 2.36 |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $19.0714 | $18.8889 | $19.10 | $19.60 |
| Price Target Upside: | 6.51% downside | 11.37% upside | 10.02% upside | 11.81% upside |
Hersha Hospitality Trust (NYSE:HT) Consensus Price Target History
Hersha Hospitality Trust (NYSE:HT) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Hersha Hospitality Trust (NYSE:HT) Dividend Information
Hersha Hospitality Trust pays an annual dividend of $1.12 per share, with a dividend yield of 5.49%. HT's most recent quarterly dividend payment was Friday, April 13. Hersha Hospitality Trust pays out 51.85% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $1.12 |
| Dividend Yield: | 5.49% |
| Dividend Growth: | 3.80% (3 Year Average) |
| Payout Ratio(s): | 51.85% (Trailing 12 Months of Earnings)
60.87% (Based on This Year's Estimates)
54.37% (Based on Next Year's Estimates)
24.16% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Hersha Hospitality Trust (NYSE:HT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/13/2018 | quarterly | $0.28 | 6.35% | 3/28/2018 | 3/29/2018 | 4/13/2018 |
| 12/15/2017 | quarterly | $0.28 | 6.33% | 1/4/2018 | 1/5/2018 | 1/16/2018 |
| 9/15/2017 | Quarterly | $0.28 | 6.07% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 6/2/2017 | quarterly | $0.28 | 5.89% | 6/28/2017 | 6/30/2017 | 7/17/2017 |
| 3/13/2017 | Quarterly | $0.28 | | 3/29/2017 | 3/31/2017 | 4/17/2017 |
| 3/13/2017 | quarterly | $0.28 | 5.95% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 12/19/2016 | quarterly | $0.28 | 5.19% | 1/3/2017 | 1/5/2017 | 1/17/2017 |
| 9/22/2016 | Quarterly | $0.28 | | 9/29/2016 | 10/3/2016 | 10/17/2016 |
| 5/31/2016 | Quarterly | $0.28 | | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/17/2016 | Quarterly | $0.28 | | 3/30/2016 | 4/1/2016 | 4/15/2016 |
| 12/17/2015 | Quarterly | $0.28 | | 12/30/2015 | 1/4/2016 | 1/15/2016 |
| 9/24/2015 | | $0.28 | | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/22/2015 | quarterly | $0.07 | 4.35% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 3/20/2015 | quarterly | $0.07 | 4.08% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 12/11/2014 | quarterly | $0.07 | 3.85% | 12/31/2014 | 1/5/2015 | 1/15/2015 |
| 9/22/2014 | quarterly | $0.07 | 4.37% | 9/30/2014 | 10/2/2014 | 10/15/2014 |
| 5/22/2014 | quarterly | $0.06 | 3.76% | 6/26/2014 | 6/30/2014 | 7/15/2014 |
| 3/13/2014 | quarterly | $0.06 | 4.13% | 3/27/2014 | 3/31/2014 | 4/15/2014 |
| 12/16/2013 | quarterly | $0.06 | 4.36% | 12/30/2013 | 1/2/2014 | 1/16/2014 |
| 9/17/2013 | quarterly | $0.06 | 4.29% | 9/27/2013 | 10/1/2013 | 10/15/2013 |
| 5/23/2013 | quarterly | $0.06 | 4.03% | 6/27/2013 | 7/1/2013 | 7/15/2013 |
| 3/15/2013 | quarterly | $0.06 | 3.88% | 3/27/2013 | 4/1/2013 | 4/15/2013 |
| 12/9/2012 | quarterly | $0.06 | 5.13% | 12/27/2012 | 12/31/2012 | 1/15/2013 |
(Data available from 1/1/2013 forward)
Hersha Hospitality Trust (NYSE HT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 10.30%
Institutional Ownership Percentage: 93.76%
Hersha Hospitality Trust (NYSE HT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/2/2018 | Ashish R Parikh | CFO | Buy | 1,485 | $16.84 | $25,007.40 | 109,465 |  |
| 3/2/2018 | Jay H Shah | CEO | Buy | 2,975 | $16.75 | $49,831.25 | 320,752 | |
| 12/28/2017 | Hasu P Shah | Chairman | Sell | 14,500 | $17.48 | $253,460.00 | | |
| 12/28/2017 | Hasu P Shah | Chairman | Sell | 14,500 | $17.48 | $253,460.00 | | |
| 11/6/2017 | Neil H Shah | Insider | Buy | 2,850 | $17.54 | $49,989.00 | 316,352 | |
| 11/3/2017 | Neil H Shah | COO | Buy | 1,425 | $17.54 | $24,994.50 | 316,352 | |
| 11/1/2017 | Neil H Shah | Insider | Buy | 7,044 | $17.44 | $122,847.36 | 310,692 | |
| 10/30/2017 | Neil H Shah | Insider | Buy | 5,673 | $17.48 | $99,164.04 | 305,033 | |
| 10/26/2017 | Neil H Shah | COO | Buy | 2,823 | $17.71 | $49,995.33 | 305,033 | |
| 9/8/2017 | Neil H Shah | Insider | Buy | 1,500 | $17.91 | $26,865.00 | 302,210 | |
| 9/6/2017 | Neil H Shah | Insider | Buy | 237 | $17.95 | $4,254.15 | 300,710 | |
| 8/30/2017 | Neil H Shah | Insider | Buy | 4,165 | $17.93 | $74,678.45 | 297,418 | |
| 8/29/2017 | Neil H Shah | COO | Buy | 1,667 | $17.86 | $29,772.62 | 297,418 | |
| 8/28/2017 | Neil H Shah | COO | Buy | 1,110 | $17.96 | $19,935.60 | 297,418 | |
| 7/11/2017 | Neil H Shah | COO | Buy | 1,400 | $18.00 | $25,200.00 | 296,308 | |
| 3/27/2017 | Thomas J Hutchison III | Director | Sell | 5,000 | $18.76 | $93,800.00 | 64,697 | |
| 12/29/2016 | Thomas J Hutchison III | Director | Sell | 8,000 | $21.34 | $170,720.00 | 58,181 | |
| 11/30/2016 | Thomas J Hutchison III | Director | Sell | 10,000 | $20.07 | $200,700.00 | 66,181 | |
| 11/3/2016 | Neil H Shah | Insider | Buy | 1,471 | $17.00 | $25,007.00 | 294,908 | |
| 11/2/2016 | Neil H Shah | Insider | Buy | 2,879 | $17.35 | $49,950.65 | 291,987 | |
| 11/1/2016 | Jay H Shah | CEO | Buy | 1,429 | $17.50 | $25,007.50 | 279,174 | |
| 9/13/2016 | Neil H Shah | Insider | Buy | 1,385 | $18.00 | $24,930.00 | 290,558 | |
| 9/12/2016 | Jay H Shah | CEO | Buy | 4,700 | $18.40 | $86,480.00 | 275,730 | |
| 9/6/2016 | Jay H Shah | CEO | Buy | 665 | $18.74 | $12,462.10 | 273,045 | |
| 8/17/2016 | Hasu P Shah | Chairman | Buy | 3,000 | $19.00 | $57,000.00 | | |
| 2/25/2016 | Donald J Landry | Director | Buy | 1,000 | $20.37 | $20,370.00 | 48,692 | |
| 2/22/2016 | Michael R Gillespie | CAO | Buy | 500 | $20.59 | $10,295.00 | 39,637 | |
| 2/19/2016 | Ashish R Parikh | CFO | Buy | 1,250 | $20.00 | $25,000.00 | 107,980 | |
| 2/19/2016 | Jay H Shah | CEO | Buy | 5,000 | $19.95 | $99,750.00 | 343,030 | |
| 12/30/2014 | Thomas J Hutchison III | Director | Sell | 18,700 | $7.20 | $134,640.00 | | |
| 12/3/2014 | Thomas J Hutchison III | Director | Sell | 92,041 | $7.44 | $684,785.04 | | |
| 12/1/2014 | Thomas J Hutchison III | Director | Sell | 2,037 | $7.39 | $15,053.43 | | |
| 11/28/2014 | Thomas J Hutchison III | Director | Sell | 17,194 | $7.41 | $127,407.54 | | |
| 11/7/2014 | Neil H Shah | COO | Sell | 500,000 | $7.34 | $3,670,000.00 | | |
| 11/6/2014 | Ashish R Parikh | CFO | Sell | 100,000 | $7.36 | $736,000.00 | | |
| 12/24/2013 | Neil Shah | COO | Sell | 74,290 | $5.70 | $423,453.00 | 2,328,276 | |
| 8/1/2013 | Thomas Hutchison III | Director | Buy | 10,800 | $5.53 | $59,724.00 | 331,254 | |
(Data available from 1/1/2013 forward)
Hersha Hospitality Trust (NYSE HT) News Headlines
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Hersha Hospitality Trust (NYSE:HT) SEC Filings
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Hersha Hospitality Trust (NYSE:HT) Income Statement, Balance Sheet and Cash Flow Statement
Hersha Hospitality Trust (NYSE HT) Stock Chart for Wednesday, May, 23, 2018
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