Brokerages predict that Hersha Hospitality Trust (NYSE:HT) will announce $0.81 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Hersha Hospitality Trust’s earnings. The lowest EPS estimate is $0.79 and the highest is $0.86. Hersha Hospitality Trust reported earnings per share of $0.86 in the same quarter last year, which would indicate a negative year over year growth rate of 5.8%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, July 30th.

On average, analysts expect that Hersha Hospitality Trust will report full year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.22 to $2.33. For the next fiscal year, analysts forecast that the business will post earnings of $2.39 per share, with EPS estimates ranging from $2.07 to $2.49. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Hersha Hospitality Trust.

Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings results on Monday, April 29th. The real estate investment trust reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.42). Hersha Hospitality Trust had a net margin of 0.99% and a return on equity of 1.34%. The company had revenue of $114.79 million for the quarter, compared to the consensus estimate of $109.18 million.

Several research firms have recently weighed in on HT. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Hersha Hospitality Trust presently has a consensus rating of “Hold” and an average price target of $19.54.

In other Hersha Hospitality Trust news, insider Neil H. Shah acquired 6,060 shares of Hersha Hospitality Trust stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average price of $16.48 per share, with a total value of $99,868.80. Following the completion of the purchase, the insider now directly owns 328,252 shares of the company’s stock, valued at approximately $5,409,592.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.80% of the company’s stock.

A number of large investors have recently modified their holdings of HT. Systematic Financial Management LP purchased a new stake in Hersha Hospitality Trust during the 2nd quarter valued at about $877,000. State of Alaska Department of Revenue grew its stake in Hersha Hospitality Trust by 8.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 25,826 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 1,988 shares in the last quarter. Foundry Partners LLC purchased a new stake in Hersha Hospitality Trust during the 2nd quarter valued at about $4,037,000. New York State Teachers Retirement System grew its stake in Hersha Hospitality Trust by 26.6% during the 2nd quarter. New York State Teachers Retirement System now owns 20,972 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 4,400 shares in the last quarter. Finally, A. D. Beadell Investment Counsel Inc. purchased a new stake in Hersha Hospitality Trust during the 2nd quarter valued at about $192,000. 96.14% of the stock is owned by institutional investors.

Shares of Hersha Hospitality Trust stock traded up $0.10 on Friday, hitting $16.50. 213,733 shares of the company traded hands, compared to its average volume of 261,121. The company has a 50 day moving average of $16.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.55 and a current ratio of 0.55. Hersha Hospitality Trust has a 52 week low of $16.05 and a 52 week high of $24.16. The stock has a market cap of $647.05 million, a P/E ratio of 7.50, a PEG ratio of 1.55 and a beta of 1.30.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date was Thursday, June 27th. Hersha Hospitality Trust’s dividend payout ratio (DPR) is 50.91%.

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

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