Hersha Hospitality Trust (HT) Analysts See $0.82 EPS

July 17, 2017 - By Linda Rogers

 Hersha Hospitality Trust (HT) Analysts See $0.82 EPS

Wall Street await Hersha Hospitality Trust (NYSE:HT) to release earnings on July, 26. Analysts forecast EPS of $0.82, down exactly $0.07 or 7.87 % from 2014’s $0.89 EPS. The expected HT’s profit could reach $34.65 million giving the stock 5.74 P/E in the case that $0.82 earnings per share is reported. After posting $0.30 EPS for the previous quarter, Hersha Hospitality Trust’s analysts now forecast 173.33 % EPS growth. The stock increased 2.67% or $0.49 during the last trading session, reaching $18.83. About 349,414 shares traded or 20.27% up from the average. Hersha Hospitality Trust (NYSE:HT) has risen 8.90% since July 18, 2016 and is uptrending. It has underperformed by 7.80% the S&P500.

Hersha Hospitality Trust (NYSE:HT) Ratings Coverage

Among 9 analysts covering Hersha Hospitality Trust (NYSE:HT), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Hersha Hospitality Trust had 26 analyst reports since July 30, 2015 according to SRatingsIntel. As per Thursday, May 19, the company rating was downgraded by Bank of America. The rating was downgraded by Zacks on Friday, August 14 to “Buy”. As per Monday, November 2, the company rating was maintained by RBC Capital Markets. Brean Capital maintained it with “Buy” rating and $16 target in Monday, May 1 report. RBC Capital Markets maintained it with “Sector Perform” rating and $29 target in Monday, August 3 report. As per Thursday, December 17, the company rating was downgraded by Stifel Nicolaus. The company was initiated on Friday, November 20 by FBR Capital. The stock of Hersha Hospitality Trust (NYSE:HT) earned “Outperform” rating by FBR Capital on Friday, July 29. Zacks upgraded it to “Hold” rating and $28 target in Monday, August 17 report. The stock has “Outperform” rating by FBR Capital on Thursday, October 27.

Hersha Hospitality Trust is a self-advised real estate investment trust . The company has market cap of $795.68 million. The Firm invests primarily in institutional grade hotels in urban gateway markets, including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. It has a 6.55 P/E ratio. As of December 31, 2016, the Company’s portfolio consisted of 43 limited and full service properties with a total of 6,344 rooms and interests in 12 limited and full service properties owned through joint venture investments with a total of 2,456 rooms.

More notable recent Hersha Hospitality Trust (NYSE:HT) news were published by: Businesswire.com which released: “Hersha Hospitality Trust to Report Second Quarter 2017 Earnings on July 25, 2017” on June 21, 2017, also Seekingalpha.com with their article: “Hersha Hospitality Trust’s (HT) CEO Jay Shah on Q1 2017 Results – Earnings …” published on April 26, 2017, Seekingalpha.com published: “Hersha Hospitality Is Poised To Profit (Rated PG)” on October 18, 2016. More interesting news about Hersha Hospitality Trust (NYSE:HT) were released by: Bizjournals.com and their article: “Ritz-Carlton Coconut Grove sells to public company for $36M” published on February 03, 2017 as well as Prnewswire.com‘s news article titled: “Cooper Tire & Rubber to Join S&P MidCap 400; Hersha Hospitality Trust to Join …” with publication date: February 07, 2017.

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