Brokerages Anticipate Hersha Hospitality Trust (NYSE:HT) Will Post Quarterly Sales of $89.43 Million

Equities analysts predict that Hersha Hospitality Trust (NYSE:HTGet Rating) will announce sales of $89.43 million for the current quarter, Zacks reports. Five analysts have issued estimates for Hersha Hospitality Trust’s earnings, with estimates ranging from $82.52 million to $101.00 million. Hersha Hospitality Trust reported sales of $47.17 million during the same quarter last year, which indicates a positive year over year growth rate of 89.6%. The company is scheduled to report its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Hersha Hospitality Trust will report full year sales of $426.28 million for the current financial year, with estimates ranging from $389.55 million to $473.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $454.93 million, with estimates ranging from $438.46 million to $489.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Hersha Hospitality Trust.

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

Several research analysts have recently commented on HT shares. B. Riley boosted their target price on Hersha Hospitality Trust from $10.00 to $11.00 in a report on Tuesday, February 22nd. StockNews.com raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday. BMO Capital Markets raised Hersha Hospitality Trust from an “underperform” rating to a “market perform” rating and set a $10.00 target price on the stock in a report on Friday, January 7th. Zacks Investment Research downgraded Hersha Hospitality Trust from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 7th. Finally, Raymond James raised Hersha Hospitality Trust from an “underperform” rating to a “market perform” rating in a report on Monday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.33.

NYSE HT traded up $0.04 during trading on Wednesday, reaching $9.49. 316,558 shares of the company traded hands, compared to its average volume of 256,136. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.01. The stock’s 50 day moving average price is $9.18 and its two-hundred day moving average price is $9.33. Hersha Hospitality Trust has a 1-year low of $7.92 and a 1-year high of $12.42.

A number of hedge funds have recently bought and sold shares of HT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Hersha Hospitality Trust during the 3rd quarter valued at $104,000. PNC Financial Services Group Inc. raised 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 valued at $104,000 after acquiring an additional 3,087 shares during the last quarter. MetLife Investment Management LLC raised 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 valued at $105,000 after acquiring an additional 7,549 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in shares of Hersha Hospitality Trust during the 3rd quarter valued at $122,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Hersha Hospitality Trust during the 4th quarter valued at $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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