Hersha Hospitality Trust (NYSE:HT) has a beta value of 2.46 and has seen 361,913 shares traded in the last trading session. The company, currently valued at $280.84 Million, closed the last trade at $7.23 per share which meant it lost -$0.09 on the day or -1.23% during that session. The HT stock price is -104.84% off its 52-week high price of $14.81 and 68.33% above the 52-week low of $2.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 831.89 Million shares traded. The 3-month trading volume is 580.15 Million shares.
The consensus among analysts is that Hersha Hospitality Trust (HT) is an Underweight stock at the moment, with a recommendation rating of 3.2. 4 analysts rate the stock as a Sell, while none rate it as Overweight. 6 out of 12 have rated it as a Hold, with 1 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$1.16.
Hersha Hospitality Trust (NYSE:HT) trade information
Despite being -1.23% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Nov 16 when the HT stock price touched $7.45-2 or saw a rise of 2.95%. Year-to-date, Hersha Hospitality Trust shares have moved -50.31%, while the 5-day performance has seen it change 8.23%. Over the past 30 days, the shares of Hersha Hospitality Trust (NYSE:HT) have changed 42.04%. Short interest in the company has seen 2.77 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $6.11, which means that the shares’ value could jump -15.49% from current levels. The projected low price target is $2 while the price target rests at a high of $9. In that case, then, we find that the current price level is +24.48% off the targeted high while a plunge would see the stock lose -72.34% from current levels.
Hersha Hospitality Trust (HT) estimates and forecasts
Figures show that Hersha Hospitality Trust shares have underperformed across the wider relevant industry. The company’s shares have gained +38.51% over the past 6 months, with this year growth rate of -174.23%, compared to -3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -383.3% and -21.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be -64.2%.
8 analysts offering their estimates for the company have set an average revenue estimate of $48.38 Million for the current quarter. 7 have an estimated revenue figure of $54.34 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $132.67 Million and $92.7 Million respectively for this quarter and the next, and analysts expect sales will grow by -63.5% for the current quarter and -41.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -21.7% over the past 5 years. Earnings growth for 2020 is a modest -88.8% while over the next 5 years, the company’s earnings are expected to increase by 27.8%.
Hersha Hospitality Trust (NYSE:HT)’s Major holders
Insiders own 11.15% of the company shares, while shares held by institutions stand at 72.03% with a share float percentage of 81.07%. Investors are also buoyed by the number of investors in a company, with Hersha Hospitality Trust having a total of 220 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 5.45 Million shares worth more than $30.17 Million. As of September 29, 2020, Blackrock Inc. held 14.02% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 4.37 Million shares as of September 29, 2020. The firm’s total holdings are worth over $24.19 Million and represent 11.24% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund. As of September 29, 2020, the former fund manager holds about 5.78% shares in the company for having 2246295 shares of worth $12.44 Million while later fund manager owns 1.56 Million shares of worth $7.44 Million as of July 30, 2020, which makes it owner of about 4.03% of company’s outstanding stock.