Shares of Hersha Hospitality Trust (NYSE:HT) have received a consensus rating of “Sell” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $8.07.

A number of research analysts have issued reports on HT shares. DA Davidson cut shares of Hersha Hospitality Trust from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $8.00 to $7.00 in a report on Tuesday, March 10th. Deutsche Bank dropped their price target on shares of Hersha Hospitality Trust from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Tuesday, February 25th. ValuEngine upgraded shares of Hersha Hospitality Trust from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Stifel Nicolaus decreased their price objective on shares of Hersha Hospitality Trust from $14.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Finally, B. Riley reduced their target price on shares of Hersha Hospitality Trust from $14.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday.

Shares of HT traded up $1.08 during mid-day trading on Wednesday, hitting $4.21. The company’s stock had a trading volume of 1,838,200 shares, compared to its average volume of 841,581. The company’s 50-day moving average is $10.29 and its 200-day moving average is $13.20. Hersha Hospitality Trust has a 52-week low of $2.29 and a 52-week high of $19.58. The firm has a market capitalization of $124.80 million, a price-to-earnings ratio of -5.61, a PEG ratio of 1.41 and a beta of 1.33. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.30.

Hersha Hospitality Trust (NYSE:HT) last posted its earnings results on Monday, February 24th. The real estate investment trust reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.70). Hersha Hospitality Trust had a negative net margin of 0.76% and a negative return on equity of 0.45%. The firm had revenue of $132.67 million for the quarter, compared to analysts’ expectations of $131.79 million. As a group, sell-side analysts predict that Hersha Hospitality Trust will post 1.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 26.60%. The ex-dividend date is Monday, March 30th. Hersha Hospitality Trust’s dividend payout ratio (DPR) is currently 57.73%.

In other Hersha Hospitality Trust news, CEO Jay H. Shah acquired 7,300 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was purchased at an average price of $13.51 per share, for a total transaction of $98,623.00. Following the completion of the acquisition, the chief executive officer now owns 316,349 shares of the company’s stock, valued at approximately $4,273,874.99. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Neil H. Shah acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $11.96 per share, with a total value of $239,200.00. Following the acquisition, the chief operating officer now directly owns 389,532 shares of the company’s stock, valued at approximately $4,658,802.72. The disclosure for this purchase can be found here. Insiders purchased 112,356 shares of company stock valued at $1,182,993 in the last 90 days. Company insiders own 11.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in HT. Asset Management One Co. Ltd. grew its holdings in Hersha Hospitality Trust by 1.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 74,381 shares of the real estate investment trust’s stock worth $1,082,000 after acquiring an additional 788 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Hersha Hospitality Trust by 345.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,569 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,992 shares during the last quarter. Swiss National Bank lifted its position in shares of Hersha Hospitality Trust by 3.0% during the 4th quarter. Swiss National Bank now owns 71,375 shares of the real estate investment trust’s stock worth $1,039,000 after buying an additional 2,100 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Hersha Hospitality Trust by 47.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,050 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 2,600 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Hersha Hospitality Trust by 40.6% in the 4th quarter. Victory Capital Management Inc. now owns 9,931 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 2,870 shares during the last quarter. Hedge funds and other institutional investors own 76.07% of the company’s stock.

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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Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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