Hersha Hospitality Trust (NYSE:HT) Cut to Sell at StockNews.com

Hersha Hospitality Trust (NYSE:HTGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts also recently weighed in on HT. Zacks Investment Research downgraded Hersha Hospitality Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 7th. BMO Capital Markets upgraded Hersha Hospitality Trust from an “underperform” rating to a “market perform” rating and set a $10.00 price target on the stock in a research note on Friday, January 7th. Raymond James upgraded Hersha Hospitality Trust from an “underperform” rating to a “market perform” rating in a research note on Monday, January 10th. Wells Fargo & Company dropped their price target on Hersha Hospitality Trust from $11.50 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, March 10th. Finally, Oppenheimer began coverage on Hersha Hospitality Trust in a research note on Thursday. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.33.

Shares of HT stock opened at $9.55 on Friday. Hersha Hospitality Trust has a 1-year low of $7.92 and a 1-year high of $12.42. The stock’s 50-day moving average is $9.18 and its 200 day moving average is $9.32. The company has a market cap of $375.84 million, a P/E ratio of -5.79 and a beta of 2.49. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.34 and a quick ratio of 0.34.

Hersha Hospitality Trust (NYSE:HTGet Rating) last issued 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 in the prior year, the company posted ($0.23) EPS. On average, analysts anticipate that Hersha Hospitality Trust will post 0.77 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Hersha Hospitality Trust in the third quarter valued at approximately $104,000. PNC Financial Services Group Inc. lifted its holdings in Hersha Hospitality Trust by 38.1% in the third 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 period. MetLife Investment Management LLC lifted its holdings in Hersha Hospitality Trust by 192.2% in the fourth 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 period. Maryland State Retirement & Pension System acquired a new position in Hersha Hospitality Trust in the third quarter valued at approximately $122,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Hersha Hospitality Trust in the fourth quarter valued at approximately $123,000. 63.74% of the stock is owned by hedge funds and other institutional investors.

About Hersha Hospitality Trust (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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