The stock of Hersha Hospitality Trust (NYSE:HT) increased by $3.51 on Monday to finish at $9.79, up 55.89 percent. The last five days have seen an average of 3,187,480 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $1.27. The average number of shares traded over the last 20 days was 1,080,570, while the average volume over the last 50 days totaled 653,512.
HT stock appreciated 56.64% since last month. On 08/03/23, the company’s shares reached a one-month low of $6.00. The stock touched a high of $10.59 on 08/28/23, after rallying from a low of $5.64 in 52 weeks. The price of HT stock has risen by 14.91% or $1.27 this year, reaching a new high 11 times. Still, the stock price is down -7.54% from the 52-week high.
Insider Transactions
HT stock investors should be aware that Hersha Hospitality Trust (HT) stock had its last reported insider trading activity 187 days ago on Feb 23. On Feb 23, Director Hutchison Thomas J III acquired 5,000 shares at $8.56 each. This transaction resulted in the insider spending $42,800. On Dec 30, Gillespie Michael R sold 10,000 shares at a price of US$8.50. After the transaction, the insider now owns 0 shares. Chief Accounting Officer Gillespie Michael R had earlier sold 29,887 shares on Dec 29 for $8.45 a share. The transaction was completed for $252,445.
Valuation Metrics
Hersha Hospitality Trust (HT) has a trailing price-to-earnings (P/E) ratio of 3.15. Beta for the stock is 1.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.05, the price-to-book (PB) ratio of 0.59, and the price-to-cash flow ratio of 13.31.
Company paid $0.05 per share in dividends, remained unchanged from $0.05 last year. A $0.50 dividend decrease was reported on Friday March 10 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.87, and the total debt to equity ratio is 0.87. As far as profitability goes, gross margin for the trailing twelve months is 30.30% percent. Hersha Hospitality Trust’s operating margin stood at 0.90% for the same period. Based on annual data, it had gross profit of $33.05 million and revenue of $405.87 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HT’s return on assets (ROA) during the last 12 months has been 8.80%. There was a 0.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.20%.
Earnings Surprise
According to Hersha Hospitality Trust’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $97.81 million, while revenues fell by -26.05% to $75.15 million. It was predicted that Hersha Hospitality Trust’s quarterly earnings would be $0.04, but it ended up being $0. EBITDA was $27.88 million for the quarter. At the end of Hersha Hospitality Trust’s most recent quarter ended June 29, its total debt was $601.72 million. Equity owned by shareholders amounts to $40.1 million.
Technical Picture
Here’s a quick look at Hersha Hospitality Trust’s (HT) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 92.03%, suggesting the stock is Overbought, with a 220.27% historical volatility rate.
The stochastic %K and %D were 42.58% and 39.88% respectively, while the average true range (ATR) was 0.54. Based on the 14-day stochastic reading of 96.20%, the RSI (14) reading is 88.63%. On the 9-day MACD Oscillator, the stock is at 0.65, and the 14-day reading is at 0.77.
Analyst Ratings
Hersha Hospitality Trust (NYSE: HT) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Hersha Hospitality Trust (HT) an Hold rating. HT is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is HT’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.50 and $12.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Hersha Hospitality Trust (HT) is $9.56.
