$0.14 EPS Expected for Hersha Hospitality Trust (HT) This Quarter
Analysts forecast that Hersha Hospitality Trust (NYSE:HT) will report $0.14 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Hersha Hospitality Trust’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.18. Hersha Hospitality Trust posted earnings per share of $0.06 in the same quarter last year, which indicates a positive year over year growth rate of 133.3%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, April 29th.
According to Zacks, analysts expect that Hersha Hospitality Trust will report full-year earnings of $2.29 per share for the current year, with EPS estimates ranging from $2.17 to $2.39. For the next fiscal year, analysts anticipate that the business will report earnings of $2.39 per share, with EPS estimates ranging from $2.05 to $2.52. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Hersha Hospitality Trust.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. ValuEngine cut shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Deutsche Bank reaffirmed a “hold” rating and set a $18.00 price target on shares of Hersha Hospitality Trust in a research note on Thursday, February 28th. Finally, Raymond James cut shares of Hersha Hospitality Trust from a “mkt perform” rating to an “underperform” rating in a research note on Tuesday, January 8th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.31.
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.12 annualized dividend and a dividend yield of 6.26%. Hersha Hospitality Trust’s dividend payout ratio is currently 50.91%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. boosted its position in shares of Hersha Hospitality Trust by 200.0% in the first quarter. Meeder Asset Management Inc. now owns 1,758 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,172 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Hersha Hospitality Trust during the fourth quarter valued at approximately $131,000. AQR Capital Management LLC acquired a new position in Hersha Hospitality Trust during the third quarter valued at approximately $203,000. Municipal Employees Retirement System of Michigan acquired a new position in Hersha Hospitality Trust during the fourth quarter valued at approximately $184,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Hersha Hospitality Trust during the third quarter valued at approximately $262,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.
Hersha Hospitality Trust Company Profile
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.
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