Stocks of Hersha Hospitality Trust (NYSE:HT) traded higher last session on Wall Street, down -2.99% to $7.80.
According to the data, Hersha Hospitality Trust (NYSE:HT) has 11 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $9.00, we find $10.00. Given the previous closing price of $8.04, this indicates a potential upside of 24.38 percent. HT stock price is now -10.50% away from the 50-day moving average and -13.63% away from the 200-day moving average. The market capitalization of the company currently stands at $310.36M.
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A total of 6 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $10.38 as their price target over the next twelve months.
With the price target reduced from $13 to $11.50, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Hersha Hospitality Trust (NYSE: HT). On June 03, 2022, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $11 to quote $13, while ‘Stifel’ rates the stock as ‘Buy’.
In other news, Hutchison Thomas J III, Director bought 5,000 shares of the company’s stock on Feb 23. The stock was bought for $42,800 at an average price of $8.56. Upon completion of the transaction, the Director now directly owns 151,319 shares in the company, valued at $1.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30, Chief Accounting Officer Gillespie Michael R sold 10,000 shares of the business’s stock. A total of $85,000 was realized by selling the stock at an average price of $8.50. Insiders disposed of 39,887 shares of company stock worth roughly $0.31 million over the past 1 year. A total of 18.45% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HT stock. A new stake in Hersha Hospitality Trust shares was purchased by NORGES BANK during the first quarter worth $1,055,000. MARSHALL WACE, LLP invested $773,000 in shares of HT during the first quarter. In the first quarter, O’SHAUGHNESSY ASSET MANAGEMENT, LLC acquired a new stake in Hersha Hospitality Trust valued at approximately $363,000. PUTNAM INVESTMENTS LLC acquired a new stake in HT for approximately $331,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in HT valued at around $273,000 in the second quarter. In total, there are 238 active investors with 67.90% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $8.05 for Hersha Hospitality Trust (NYSE: HT). During the past 12 months, Hersha Hospitality Trust has had a low of $7.03 and a high of $11.45. The fifty day moving average price for HT is $8.77 and a two-hundred day moving average price translates $9.47 for the stock.
The latest earnings results from Hersha Hospitality Trust (NYSE: HT) was released for Sep, 2022. According to the REIT – Hotel & Motel Company, earnings per share came in at $2.82, beating analysts’ expectations of -$0.17 by 2.99. This compares to -$0.45 EPS in the same period last year. The net profit margin was 30.20% and return on equity was 19.90% for HT. The company reported revenue of $96.47 million for the quarter, compared to $93.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.2 percent. For the current quarter, analysts expect HT to generate $95.99M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/18/2023. Investors who held shares on 12/30/2022 were paid a $0.50 dividend. On an annualized basis, this represents a $0.20 dividend and a 2.56% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend.
Hersha Hospitality Trust(HT) 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. The Company’s common shares are traded on The New York Stock Exchange under the ticker HT.
