B. Riley Analysts Give Hersha Hospitality Trust (HT) a $19.00 Price Target

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B. Riley set a $19.00 price target on Hersha Hospitality Trust (NYSE:HT) in a report issued on Thursday, October 25th. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird cut shares of Hersha Hospitality Trust from an outperform rating to a neutral rating in a research note on Monday, August 20th. Deutsche Bank set a $19.00 price target on Hersha Hospitality Trust and gave the stock a hold rating in a report on Thursday, October 25th. ValuEngine lowered Hersha Hospitality Trust from a hold rating to a sell rating in a report on Wednesday, October 24th. Zacks Investment Research upgraded Hersha Hospitality Trust from a hold rating to a buy rating and set a $24.00 price target on the stock in a report on Wednesday, June 27th. Finally, Stifel Nicolaus lifted their price target on Hersha Hospitality Trust from $22.00 to $23.00 and gave the stock a hold rating in a report on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $21.63.

Shares of NYSE HT traded up $0.15 during midday trading on Thursday, reaching $18.13. 496,067 shares of the stock were exchanged, compared to its average volume of 458,164. The stock has a market capitalization of $699.38 million, a price-to-earnings ratio of 8.49, a PEG ratio of 1.94 and a beta of 1.52. Hersha Hospitality Trust has a twelve month low of $16.60 and a twelve month high of $24.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.45 and a quick ratio of 0.45.

Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $127.88 million for the quarter, compared to analyst estimates of $134.82 million. Analysts anticipate that Hersha Hospitality Trust will post 1.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $1.12 dividend on an annualized basis and a yield of 6.18%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is presently 51.85%.

In related news, Chairman Hasu P. Shah acquired 1,450 shares of the stock in a transaction dated Monday, October 29th. The stock was acquired at an average cost of $17.25 per share, with a total value of $25,012.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Hasu P. Shah acquired 1,750 shares of the stock in a transaction dated Friday, November 2nd. The shares were bought at an average cost of $17.25 per share, with a total value of $30,187.50. The disclosure for this purchase can be found here. Insiders have acquired 13,500 shares of company stock worth $233,860 over the last quarter. Insiders own 10.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in HT. Wells Fargo & Company MN boosted its holdings in Hersha Hospitality Trust by 4.5% in the first quarter. Wells Fargo & Company MN now owns 170,698 shares of the real estate investment trust’s stock valued at $3,055,000 after purchasing an additional 7,399 shares in the last quarter. Northern Trust Corp boosted its holdings in Hersha Hospitality Trust by 6.8% in the first quarter. Northern Trust Corp now owns 871,798 shares of the real estate investment trust’s stock valued at $15,606,000 after purchasing an additional 55,256 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Hersha Hospitality Trust by 39.0% in the first quarter. New York State Common Retirement Fund now owns 85,315 shares of the real estate investment trust’s stock valued at $1,527,000 after purchasing an additional 23,935 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Hersha Hospitality Trust by 3.3% in the first quarter. California Public Employees Retirement System now owns 134,582 shares of the real estate investment trust’s stock valued at $2,409,000 after purchasing an additional 4,362 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Hersha Hospitality Trust by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 737,811 shares of the real estate investment trust’s stock valued at $13,207,000 after purchasing an additional 2,849 shares in the last quarter. 94.30% of the stock is owned by institutional investors and hedge funds.

About Hersha Hospitality Trust

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,666 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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