As of Thursday close, Hersha Hospitality Trust’s (NYSE:HT) stock was up $0.02, moving up 0.20 percent to $9.89. The average number of shares traded per day over the past five days has been 897,320 shares. 2 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 2,095,215, while in the previous 50 days, it was 1,041,090.
Since last month, HT stock rose 52.62%. Shares of the company fell to $6.24 on 08/25/23, the lowest level in the past month. A 52-week high of $9.93 was reached on 08/28/23 after having rallying from a 52-week low of $5.64. Since the beginning of this year, HT’s stock price has risen by 16.08% or $1.37, and marked a new high 11 times. However, the stock has declined by -0.40% since its 52-week high.
HT stock investors should be aware that Hersha Hospitality Trust (HT) stock had its last reported insider trading activity 211 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 3.18. The stock’s beta is 1.87. Besides these, the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 0.59, and the price-to-cash flow ratio of 13.44 may also be considered.
The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05. 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 June 29 was 0.87, and the total debt-to-equity ratio was 0.87. On the profitability front, the trailing twelve-month gross margin is 30.30% percent. In the year ended June 29, operating margins totaled 0.90%. 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 19.20%.
In Hersha Hospitality Trust’s quarter-end financial report for June 29, it reported total debt of $531.28 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HT’s revenue fell -26.05% to $75.15 million during the quarter, while net income inched up to $97.81 million. While analysts expected Hersha Hospitality Trust to report $0 quarterly earnings, the actual figure was $0.04 per share. During the quarter, the company generated $27.88 million in EBITDA. The value of shareholders’ equity is $40.1 million.
Technical Picture
This quick technical analysis looks at Hersha Hospitality Trust’s (HT) price momentum. With a historical volatility rate of 1.47%, the RSI 9-day stood at 91.06% on 21 September.
With respect to its five-day moving average, the current Hersha Hospitality Trust price is up by +0.51% percent or $0.05. At present, HT shares trade +53.57% above its 20-day simple moving average and +56.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately +56.74% above its SMA50 and +4.44% above its SMA200.
Stochastic coefficient K was 71.49% and Stochastic coefficient D was 64.85%, while ATR was 0.10. Given the Stochastic reading of 87.50% for the 14-day period, the RSI (14) reading has been calculated as 88.09%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at 0.02.
Analyst Ratings
Barclays upgraded its rating on Hersha Hospitality Trust (NYSE: HT) to an Equal weight in a note to investors on August 29, 2023. The analysts firm previously had an Underweight rating on the stock.Hersha Hospitality Trust (HT) has been rated Hold by analysts. According to 0 brokerage firms, HT is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hersha Hospitality Trust stock as buy, with 0 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $10.00 – $10.00. Based on these forecasts, analysts predict Hersha Hospitality Trust (HT) will achieve an average price target of $10.00.
