Jefferies Financial Group Comments on Hersha Hospitality Trust’s FY2022 Earnings (NYSE:HT)

Hersha Hospitality Trust (NYSE:HT) – Stock analysts at Jefferies Financial Group issued their FY2022 earnings per share estimates for shares of Hersha Hospitality Trust in a report issued on Monday, September 14th. Jefferies Financial Group analyst D. Katz expects that the real estate investment trust will earn $0.36 per share for the year.

Hersha Hospitality Trust (NYSE:HT) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported ($1.75) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.58) by ($1.17). Hersha Hospitality Trust had a negative net margin of 25.97% and a negative return on equity of 11.73%.

HT has been the subject of a number of other reports. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, June 16th. BMO Capital Markets reissued a “sell” rating and issued a $4.00 price target on shares of Hersha Hospitality Trust in a research report on Wednesday, August 5th. Barclays lifted their price target on shares of Hersha Hospitality Trust from $3.00 to $6.00 and gave the company an “underweight” rating in a research report on Monday, June 22nd. Stifel Nicolaus lifted their price target on shares of Hersha Hospitality Trust from $4.50 to $6.50 and gave the company a “hold” rating in a research report on Friday, June 5th. Finally, Wells Fargo & Company dropped their price target on shares of Hersha Hospitality Trust from $6.00 to $4.50 and set an “underweight” rating on the stock in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.81.

NYSE HT opened at $6.39 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $247.86 million, a PE ratio of -2.20 and a beta of 2.35. The company has a 50 day moving average price of $6.26 and a two-hundred day moving average price of $5.79. Hersha Hospitality Trust has a 12-month low of $2.29 and a 12-month high of $15.30.

A number of hedge funds have recently made changes to their positions in HT. Asio Capital LLC bought a new stake in Hersha Hospitality Trust in the 2nd quarter valued at $29,000. NN Investment Partners Holdings N.V. bought a new stake in Hersha Hospitality Trust in the 2nd quarter valued at $31,000. PNC Financial Services Group Inc. increased its holdings in Hersha Hospitality Trust by 244.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,857 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 6,288 shares during the period. Envestnet Asset Management Inc. bought a new stake in Hersha Hospitality Trust in the 1st quarter valued at $51,000. Finally, Jane Street Group LLC bought a new stake in Hersha Hospitality Trust in the 1st quarter valued at $52,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

In related news, COO Neil H. Shah bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were acquired at an average price of $5.75 per share, with a total value of $172,500.00. Following the completion of the transaction, the chief operating officer now owns 508,511 shares of the company’s stock, valued at approximately $2,923,938.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Neil H. Shah bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were bought at an average cost of $5.00 per share, for a total transaction of $100,000.00. Following the transaction, the chief operating officer now directly owns 553,511 shares of the company’s stock, valued at approximately $2,767,555. The disclosure for this purchase can be found here. Insiders have purchased 75,000 shares of company stock worth $414,900 in the last ninety days. 12.90% of the stock is currently owned by insiders.

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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Earnings History and Estimates for Hersha Hospitality Trust (NYSE:HT)

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