Hersha Hospitality Trust (HT) Price Targets: What Do They Mean?


As of Friday close, Hersha Hospitality Trust’s (NYSE:HT) stock was down -$0.53, moving down -8.05 percent to $6.05. The average number of shares traded per day over the past five days has been 3,159,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.18 fall in that time frame. In the last twenty days, the average volume was 1,169,370, while in the previous 50 days, it was 651,004.

Since last month, HT stock retreated -35.43%. Shares of the company fell to $6.03 on 03/17/23, the lowest level in the past month. A 52-week high of $11.45 was reached on 02/02/23 after having rallying from a 52-week low of $6.44. Since the beginning of this year, HT’s stock price has dropped by -28.99% or -$2.47, and marked a new high 10 times. However, the stock has declined by -47.14% since its 52-week high.

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HT stock investors should be aware that Hersha Hospitality Trust (HT) stock had its last reported insider trading activity 23 days ago on Feb 23. Hutchison Thomas J III, the Director of the company, purchased of 5,000 shares for $8.56 on Feb 23. It resulted in a $42,800 investment by the insider. Gillespie Michael R sold 10,000 shares at an average price of $8.50 on Dec 30. The insider now owns 0 shares following the transaction. On Dec 29, Chief Accounting Officer Gillespie Michael R sold 29,887 shares at $8.45 apiece. The transaction was valued at $252,445.

Valuation Metrics

Right now, Hersha Hospitality Trust (HT) has a P/E ratio of about 2.05. The stock’s beta is 2.05. Besides these, the trailing price-to-sales (P/S) ratio of 0.61, the price-to-book (PB) ratio of 0.35, and the price-to-cash flow ratio of 4.72 may also be considered.

The latest dividend of $0.05 per share was paid out, which is -90.91% less than last year’s $0.55. On Friday March 10 2023, a $0.50 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.92, and the total debt-to-equity ratio was 0.92. On the profitability front, the trailing twelve-month gross margin is 32.90% percent. In the year ended September 29, operating margins totaled 3.70%. Based on annual data, HT earned $33.05 million in gross profit and brought in $405.87 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.80%. Return on equity (ROE) for the past 12 months was 19.90%.

In Hersha Hospitality Trust’s quarter-end financial report for September 29, it reported total debt of $208.35 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HT’s revenue rose 3.1% to $104.25 million during the quarter, while net income inched up to $96.47 million. While analysts expected Hersha Hospitality Trust to report -$0.17 quarterly earnings, the actual figure was $2.82 per share, beating the consensus estimate by 1,758.80%. During the quarter, the company generated $23.28 million in EBITDA. The value of shareholders’ equity is $39.73 million.

Technical Picture

This quick technical analysis looks at Hersha Hospitality Trust’s (HT) price momentum. With a historical volatility rate of 33.03%, the RSI 9-day stood at 6.97% on 17 March.

With respect to its five-day moving average, the current Hersha Hospitality Trust price is down by -16.32% percent or -$1.18. At present, HT shares trade -30.94% below its 20-day simple moving average and -26.49% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.40% below its SMA50 and -44.90% below its SMA200.

Stochastic coefficient K was 5.32% and Stochastic coefficient D was 5.85%, while ATR was 0.36. Given the Stochastic reading of 0.72% for the 14-day period, the RSI (14) reading has been calculated as 13.43%. As of today, the MACD Oscillator reading stands at -0.59, while the 14-day reading stands at -1.06.

Analyst Ratings

Hersha Hospitality Trust downgraded its rating on Hersha Hospitality Trust (NYSE: HT) to an Equal weight in a note to investors on August 29, 2022. The analysts firm previously had an Overweight rating on the stock.Hersha Hospitality Trust (HT) has been rated Hold by analysts. According to 1 brokerage firm, HT is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Hersha Hospitality Trust stock as buy, with 3 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $9.00 – $12.00. Based on these forecasts, analysts predict Hersha Hospitality Trust (HT) will achieve an average price target of $10.38.


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