Brokerages Expect Hersha Hospitality Trust (NYSE:HT) to Announce -$0.21 EPS

Wall Street brokerages expect Hersha Hospitality Trust (NYSE:HT) to post earnings of ($0.21) per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Hersha Hospitality Trust’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.30). Hersha Hospitality Trust reported earnings of ($0.62) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 66.1%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, August 4th.

On average, analysts expect that Hersha Hospitality Trust will report full year earnings of ($0.54) per share for the current year, with EPS estimates ranging from ($0.99) to $0.02. For the next year, analysts expect that the business will report earnings of $0.93 per share, with EPS estimates ranging from $0.36 to $2.20. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Hersha Hospitality Trust.

Hersha Hospitality Trust (NYSE:HT) last posted its earnings results on Wednesday, April 28th. The real estate investment trust reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.62) by $0.69. Hersha Hospitality Trust had a negative return on equity of 17.94% and a negative net margin of 51.54%.

Several research firms recently issued reports on HT. BMO Capital Markets reiterated a “sell” rating and issued a $9.00 price objective on shares of Hersha Hospitality Trust in a report on Thursday, April 29th. Barclays lifted their price objective on Hersha Hospitality Trust from $6.00 to $10.00 and gave the stock an “underweight” rating in a report on Tuesday, May 4th. Robert W. Baird reiterated a “hold” rating and issued a $10.00 price objective on shares of Hersha Hospitality Trust in a report on Friday, March 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $8.00 price objective (up from $7.00) on shares of Hersha Hospitality Trust in a report on Thursday, February 25th. Finally, Zacks Investment Research upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 5th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $8.31.

Shares of NYSE:HT traded up $0.60 during trading on Tuesday, reaching $11.05. 448,995 shares of the company’s stock traded hands, compared to its average volume of 461,325. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.15. Hersha Hospitality Trust has a fifty-two week low of $3.94 and a fifty-two week high of $13.05. The firm has a market cap of $432.41 million, a PE ratio of -2.75 and a beta of 2.79. The company has a 50-day simple moving average of $10.86 and a 200-day simple moving average of $9.10.

In other news, Director Thomas J. Hutchison III sold 10,000 shares of Hersha Hospitality Trust stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $11.84, for a total transaction of $118,400.00. Following the sale, the director now owns 98,842 shares of the company’s stock, valued at approximately $1,170,289.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael A. Leven sold 4,200 shares of Hersha Hospitality Trust stock in a transaction that occurred on Friday, May 14th. The shares were sold at an average price of $24.35, for a total transaction of $102,270.00. The disclosure for this sale can be found here. Insiders sold a total of 31,850 shares of company stock worth $514,006 over the last three months. Corporate insiders own 12.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Hersha Hospitality Trust during the 1st quarter valued at approximately $80,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hersha Hospitality Trust during the 1st quarter valued at approximately $113,000. Algert Global LLC purchased a new stake in shares of Hersha Hospitality Trust during the 1st quarter valued at approximately $129,000. Virtu Financial LLC purchased a new stake in shares of Hersha Hospitality Trust during the 4th quarter valued at approximately $98,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Hersha Hospitality Trust during the 4th quarter valued at approximately $110,000. 69.18% of the stock is currently owned by hedge funds and other institutional investors.

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 and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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Earnings History and Estimates for Hersha Hospitality Trust (NYSE:HT)

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