-$0.02 EPS Expected for Hersha Hospitality Trust (NYSE:HT) This Quarter

Equities research analysts expect that Hersha Hospitality Trust (NYSE:HTGet Rating) will report earnings per share of ($0.02) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Hersha Hospitality Trust’s earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at $0.05. Hersha Hospitality Trust reported earnings of ($0.36) per share in the same quarter last year, which suggests a positive year over year growth rate of 94.4%. The business is scheduled to announce its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Hersha Hospitality Trust will report full year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.86 to $1.20. For the next financial year, analysts expect that the company will post earnings of $1.46 per share, with EPS estimates ranging from $1.14 to $1.70. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Hersha Hospitality Trust.

Hersha Hospitality Trust (NYSE:HTGet Rating) last announced its quarterly earnings results on Wednesday, February 16th. The real estate investment trust reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.50). Hersha Hospitality Trust had a negative return on equity of 6.57% and a negative net margin of 15.94%. During the same quarter last year, the company earned ($0.23) EPS.

Several brokerages have recently issued reports on HT. B. Riley upped their price target on shares of Hersha Hospitality Trust from $10.00 to $11.00 in a report on Tuesday, February 22nd. BMO Capital Markets upgraded shares of Hersha Hospitality Trust from an “underperform” rating to a “market perform” rating and set a $10.00 price target for the company in a report on Friday, January 7th. Wells Fargo & Company decreased their price objective on Hersha Hospitality Trust from $11.50 to $11.00 and set an “overweight” rating for the company in a report on Thursday, March 10th. StockNews.com upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Raymond James upgraded Hersha Hospitality Trust from an “underperform” rating to a “market perform” rating in a report on Monday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Hersha Hospitality Trust presently has a consensus rating of “Hold” and a consensus target price of $10.33.

Shares of NYSE:HT traded up $0.04 during trading on Monday, hitting $9.49. 316,558 shares of the company were exchanged, compared to its average volume of 256,136. The business’s 50 day moving average is $9.18 and its 200-day moving average is $9.33. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.01. Hersha Hospitality Trust has a 1-year low of $7.92 and a 1-year high of $12.42.

A number of institutional investors have recently modified their holdings of HT. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Hersha Hospitality Trust during the 3rd quarter worth about $104,000. PNC Financial Services Group Inc. boosted its position in shares of Hersha Hospitality Trust by 38.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,183 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 3,087 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Hersha Hospitality Trust by 192.2% during the 4th quarter. MetLife Investment Management LLC now owns 11,477 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 7,549 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Hersha Hospitality Trust during the 3rd quarter worth about $122,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Hersha Hospitality Trust during the 4th quarter worth about $123,000. Hedge funds and other institutional investors own 63.74% of the company’s stock.

Hersha Hospitality Trust Company Profile (Get Rating)

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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