Q2 2020 EPS Estimates for Hersha Hospitality Trust Raised by B. Riley (NYSE:HT)

Hersha Hospitality Trust (NYSE:HT) – Equities research analysts at B. Riley raised their Q2 2020 earnings per share estimates for shares of Hersha Hospitality Trust in a research note issued on Wednesday, May 1st, according to Zacks Investment Research. B. Riley analyst B. Maher now forecasts that the real estate investment trust will post earnings per share of $0.75 for the quarter, up from their prior forecast of $0.73.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Hersha Hospitality Trust from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, May 1st. ValuEngine raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Deutsche Bank reissued a “hold” rating and set a $18.00 price objective on shares of Hersha Hospitality Trust in a research note on Thursday, February 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.31.

Shares of HT traded up $0.12 during trading hours on Thursday, hitting $17.87. The stock had a trading volume of 147,600 shares, compared to its average volume of 377,970. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.55. Hersha Hospitality Trust has a 12 month low of $16.50 and a 12 month high of $24.16. The firm has a market capitalization of $708.61 million, a P/E ratio of 8.12, a PEG ratio of 1.68 and a beta of 1.43.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund grew its stake in shares of Hersha Hospitality Trust by 3.1% during the first quarter. Texas Permanent School Fund now owns 24,478 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 743 shares during the last quarter. Comerica Bank grew its stake in shares of Hersha Hospitality Trust by 2.6% during the first quarter. Comerica Bank now owns 36,155 shares of the real estate investment trust’s stock valued at $655,000 after buying an additional 903 shares during the last quarter. Pinebridge Investments L.P. grew its stake in shares of Hersha Hospitality Trust by 1.6% during the first quarter. Pinebridge Investments L.P. now owns 71,302 shares of the real estate investment trust’s stock valued at $1,222,000 after buying an additional 1,154 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Hersha Hospitality Trust by 200.0% during the first quarter. Meeder Asset Management Inc. now owns 1,758 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,172 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its stake in shares of Hersha Hospitality Trust by 9.0% during the first quarter. OppenheimerFunds Inc. now owns 15,242 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 1,254 shares during the last quarter. 96.17% 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, 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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