Loading...

Hersha Hospitality Trust

NYSE:HT.PRD
Snowflake Description

6 star dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HT.PRD
NYSE
$789M
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
HT.PRD Share Price and Events
7 Day Returns
0.8%
NYSE:HT.PRD
1.8%
US REITs
-0.7%
US Market
1 Year Returns
1.7%
NYSE:HT.PRD
16.3%
US REITs
3%
US Market
HT.PRD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hersha Hospitality Trust (HT.PRD) 0.8% 3.1% 5.3% 1.7% - -
US REITs 1.8% 2.4% 3.1% 16.3% 13.8% 26.4%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • HT.PRD underperformed the REITs industry which returned 16.3% over the past year.
  • HT.PRD underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
HT.PRD
Industry
5yr Volatility vs Market

Value

 Is Hersha Hospitality Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hersha Hospitality Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hersha Hospitality Trust.

NYSE:HT.PRD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HT.PRD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (149.08%))
1.105
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.105 * 5.96%)
9.31%

Discounted Cash Flow Calculation for NYSE:HT.PRD using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Hersha Hospitality Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Hersha Hospitality Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:HT.PRD DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 9.31%)
2019 71.27 Analyst x3 65.20
2020 74.91 Analyst x3 62.69
2021 75.73 Analyst x2 57.98
2022 77.95 Est @ 2.93% 54.59
2023 80.19 Est @ 2.87% 51.37
2024 82.45 Est @ 2.83% 48.32
2025 84.76 Est @ 2.8% 45.44
2026 87.12 Est @ 2.78% 42.72
2027 89.52 Est @ 2.76% 40.16
2028 91.99 Est @ 2.75% 37.75
Present value of next 10 years cash flows $506.23
NYSE:HT.PRD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $91.99 × (1 + 2.73%) ÷ (9.31% – 2.73%)
$1,435.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,435.22 ÷ (1 + 9.31%)10
$589.04
NYSE:HT.PRD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $506.23 + $589.04
$1,095.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,095.28 / 43.49
$32.82
NYSE:HT.PRD Discount to Share Price
Calculation Result
Value per share (USD) From above. $42.77
Current discount Discount to share price of $23.64
= -1 x ($23.64 - $42.77) / $42.77
44.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hersha Hospitality Trust is available for.
Intrinsic value
45%
Share price is $23.64 vs Future cash flow value of $42.77
Current Discount Checks
For Hersha Hospitality Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hersha Hospitality Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hersha Hospitality Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hersha Hospitality Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hersha Hospitality Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HT.PRD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.35
NYSE:HT Share Price ** NYSE (2019-05-17) in USD $18.14
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 32.79x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hersha Hospitality Trust.

NYSE:HT.PRD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HT Share Price ÷ EPS (both in USD)

= 18.14 ÷ -0.35

-51.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hersha Hospitality Trust is loss making, we can't compare its value to the US REITs industry average.
  • Hersha Hospitality Trust is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Hersha Hospitality Trust's expected growth come at a high price?
Raw Data
NYSE:HT.PRD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -51.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
44.7%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.4x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hersha Hospitality Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hersha Hospitality Trust's assets?
Raw Data
NYSE:HT.PRD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $21.99
NYSE:HT Share Price * NYSE (2019-05-17) in USD $18.14
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:HT.PRD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HT Share Price ÷ Book Value per Share (both in USD)

= 18.14 ÷ 21.99

0.82x

* Primary Listing of Hersha Hospitality Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hersha Hospitality Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Hersha Hospitality Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Hersha Hospitality Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hersha Hospitality Trust expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
44.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hersha Hospitality Trust expected to grow at an attractive rate?
  • Unable to compare Hersha Hospitality Trust's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Hersha Hospitality Trust's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Hersha Hospitality Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HT.PRD Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HT.PRD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 44.7%
NYSE:HT.PRD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 2.8%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HT.PRD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HT.PRD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 564 -3 2
2020-12-31 556 129 -14 9
2019-12-31 541 120 -20 9
NYSE:HT.PRD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 512 111 -14
2018-12-31 496 115 -15
2018-09-30 485 101 -26
2018-06-30 487 94 -25
2018-03-31 491 100 42
2017-12-31 496 107 75
2017-09-30 485 98 91
2017-06-30 472 111 97
2017-03-31 462 95 125
2016-12-31 465 82 95
2016-09-30 476 113 103
2016-06-30 484 112 110

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hersha Hospitality Trust is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Hersha Hospitality Trust's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HT.PRD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Hersha Hospitality Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HT.PRD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 -0.40 -0.25 -0.51 3.00
2019-12-31 -0.45 -0.29 -0.56 3.00
NYSE:HT.PRD Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.35
2018-12-31 -0.38
2018-09-30 -0.65
2018-06-30 -0.62
2018-03-31 1.04
2017-12-31 1.82
2017-09-30 2.18
2017-06-30 2.32
2017-03-31 2.96
2016-12-31 2.21
2016-09-30 2.34
2016-06-30 2.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hersha Hospitality Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hersha Hospitality Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hersha Hospitality Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hersha Hospitality Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hersha Hospitality Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hersha Hospitality Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Hersha Hospitality Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hersha Hospitality Trust's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
Hersha Hospitality Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hersha Hospitality Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HT.PRD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 511.68 -13.78 27.39
2018-12-31 496.15 -14.92 26.88
2018-09-30 485.05 -25.81 25.93
2018-06-30 486.75 -25.15 25.00
2018-03-31 491.09 42.45 24.02
2017-12-31 495.76 75.36 23.55
2017-09-30 484.99 90.75 23.33
2017-06-30 471.75 96.99 23.81
2017-03-31 462.26 125.16 23.67
2016-12-31 464.81 95.08 24.44
2016-09-30 476.01 102.76 23.20
2016-06-30 484.24 109.76 22.60
2016-03-31 482.57 23.20 21.57
2015-12-31 471.35 26.99 20.52
2015-09-30 461.13 23.40 20.62
2015-06-30 449.59 16.99 21.49
2015-03-31 434.01 54.77 20.81
2014-12-31 418.10 54.05 20.36
2014-09-30 397.15 47.48 22.08
2014-06-30 374.01 45.84 21.67
2014-03-31 352.72 6.59 22.62
2013-12-31 338.39 2.75 23.87
2013-09-30 330.80 6.73 24.35
2013-06-30 320.21 4.12 23.79
2013-03-31 301.37 -4.15 23.44
2012-12-31 300.98 -6.80 23.38
2012-09-30 294.19 -12.91 22.48
2012-06-30 295.24 -9.95 21.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hersha Hospitality Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hersha Hospitality Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • It is difficult to establish if Hersha Hospitality Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hersha Hospitality Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hersha Hospitality Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hersha Hospitality Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hersha Hospitality Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hersha Hospitality Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hersha Hospitality Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hersha Hospitality Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hersha Hospitality Trust Company Filings, last reported 1 month ago.

NYSE:HT.PRD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 930.10 1,176.22 36.55
2018-12-31 957.52 1,093.66 37.91
2018-09-30 975.03 1,109.08 46.40
2018-06-30 988.44 1,109.15 55.50
2018-03-31 988.34 1,094.72 39.50
2017-12-31 888.15 1,093.01 22.23
2017-09-30 941.25 1,084.14 59.49
2017-06-30 956.01 1,071.50 61.46
2017-03-31 889.53 1,070.61 49.79
2016-12-31 879.74 1,051.93 187.48
2016-09-30 798.41 1,010.89 135.96
2016-06-30 817.88 1,054.06 236.10
2016-03-31 683.64 1,272.84 23.68
2015-12-31 708.16 1,170.20 27.96
2015-09-30 753.39 1,090.81 29.30
2015-06-30 790.16 1,036.31 28.16
2015-03-31 824.42 950.72 31.43
2014-12-31 857.39 919.50 21.68
2014-09-30 866.32 942.71 37.87
2014-06-30 875.00 944.57 29.19
2014-03-31 831.37 797.11 24.31
2013-12-31 867.14 774.32 36.21
2013-09-30 845.08 850.64 46.59
2013-06-30 858.10 918.10 29.29
2013-03-31 852.59 807.56 83.06
2012-12-31 861.11 794.90 69.06
2012-09-30 867.84 782.12 57.27
2012-06-30 877.00 740.58 33.29
  • Hersha Hospitality Trust's level of debt (126.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (96% vs 126.5% today).
  • Debt is not well covered by operating cash flow (9.5%, less than 20% of total debt).
  • Hersha Hospitality Trust is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Hersha Hospitality Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hersha Hospitality Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hersha Hospitality Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.17%
Current annual income from Hersha Hospitality Trust dividends. Estimated to be 6.17% next year.
If you bought $2,000 of Hersha Hospitality Trust shares you are expected to receive $123 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hersha Hospitality Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Hersha Hospitality Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HT.PRD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HT.PRD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.12 2.00
2020-12-31 1.12 7.00
2019-12-31 1.12 7.00
NYSE:HT.PRD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-07 1.120 6.215
2018-12-13 1.120 6.228
2018-09-17 1.120 5.780
2018-06-04 1.120 5.091
2018-03-12 1.120 5.913
2017-12-14 1.120 6.324
2017-09-15 1.120 6.206
2017-06-01 1.120 6.036
2017-03-13 1.120 6.009
2016-12-19 1.120 5.447
2016-09-22 1.120 5.876
2016-05-27 1.120 6.040
2016-03-17 1.120 5.676
2015-12-17 1.120 5.700
2015-09-24 1.120 4.712
2015-05-21 1.120 4.367
2015-03-19 1.120 4.293
2014-12-11 1.120 4.103
2014-09-22 1.120 4.028
2014-05-22 0.960 3.608
2014-03-13 0.960 4.107
2013-12-16 0.960 4.339
2013-09-17 0.960 4.236
2013-05-23 0.960 4.270
2013-03-14 0.960 4.054
2012-12-10 0.960 4.553
2012-09-13 0.960 5.012
2012-05-24 0.960 4.721
2012-03-15 0.960 4.448
2011-12-09 0.960 4.708
2011-09-15 0.960 6.013
2011-06-01 0.960 5.172
2011-03-17 0.800 3.365
2010-12-02 0.800 3.068
2010-09-15 0.800 3.433
2010-05-20 0.800 4.155
2010-03-17 0.800 3.826
2009-12-04 0.800 5.737
2009-09-10 0.800 7.060

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hersha Hospitality Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (93.3x coverage).
X
Income/ dividend checks
We assess Hersha Hospitality Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hersha Hospitality Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hersha Hospitality Trust has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hersha Hospitality Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jay Shah
COMPENSATION $4,671,443
AGE 49
TENURE AS CEO 13.3 years
CEO Bio

Mr. Jay H. Shah has been the Chief Executive Officer at Hersha Hospitality Trust since January 1, 2006 and is involved in all areas of the business with a particular emphasis on strategic relationships, capital transactions, asset management, and acquisitions. Mr. Shah served as a Consultant at former Coopers & Lybrand (now PricewaterhouseCoopers). Mr. Shah served as a legislative assistant to the late Senator John Heinz on Capitol Hill and has also worked with the Philadelphia District Attorney’s office. He founded Shah & Byler, LLP, a boutique real estate and construction law firm based in Philadelphia, specializing in real estate and construction and served as its principal. Mr. Shah served as the President and Chief Operating Officer at Hersha Hospitality Trust from September 2003 to December 2005. In these positions, he played a key role in Hersha Hospitality Trust's acquisition program, which concentrates on institutional grade, three- and four-star assets, located in selected markets between metro Boston and metro Washington in markets with high barriers to new competition. He served as Managing Director of the Hersha Group, a hotel development, ownership and management organization with 20 hotels in the Northeast and was intimately involved in the operational and transactional activities of the Group's regional real estate development and management company. He serves as a Director at Hersha Hospitality Management LP (HHM). Mr. Shah served as a Director at Royal Bank America and Royal Bancshares of Pennsylvania Inc. since May 19, 2010. Mr. Shah has been a Trustee at Hersha Hospitality Trust since January 1, 2006. He also serves on the Board of Trustees of the Please Touch Museum, the Philadelphia Children's Museum. Mr. Shah serves on Cornell University Dean’s Advisory Board for the School of Hotel Administration, is a member of the Dean’s Council for Temple University Fox School of Business, American Hotel & Lodging Association’s Board of Directors, Pennsylvania Academy of the Fine Arts Board of Trustees, the Philadelphia CEO Council for Growth, Young Presidents’ Organization, the Chief Executives Organization, and the President’s Leadership Council for Thomas Jefferson University and Jefferson Health. Mr. Shah earned a Bachelor of Science degree from the Cornell University School of Hotel Administration, an MBA from the Temple University Fox School of Business, and his LLB degree from Temple University Beasley School of Law.

CEO Compensation
  • Jay's compensation has been consistent with company performance over the past year.
  • Jay's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hersha Hospitality Trust management team in years:

13.6
Average Tenure
49
Average Age
  • The average tenure for the Hersha Hospitality Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hasu Shah

TITLE
Executive Chairman
COMPENSATION
$1M
AGE
73

Jay Shah

TITLE
CEO & Trustee
COMPENSATION
$5M
AGE
49
TENURE
13.3 yrs

Neil Shah

TITLE
President & COO
COMPENSATION
$5M
AGE
44
TENURE
13.3 yrs

Ashish Parikh

TITLE
CFO & Assistant Secretary
COMPENSATION
$2M
AGE
48
TENURE
20.3 yrs

Michael Gillespie

TITLE
Chief Accounting Officer
COMPENSATION
$1M
AGE
45
TENURE
13.9 yrs

Greg Costa

TITLE
Manager

William Walsh

TITLE
Senior Vice President of Asset Management

Bennett Thomas

TITLE
Senior Vice President of Finance & Sustainability
TENURE
3.8 yrs

David Desfor

TITLE
Treasurer & Corporate Secretary
AGE
57
TENURE
16.4 yrs

Bharat Mehta

TITLE
Executive Officer
AGE
73
Board of Directors Tenure

Average tenure and age of the Hersha Hospitality Trust board of directors in years:

10.5
Average Tenure
67.5
Average Age
  • The average tenure for the Hersha Hospitality Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jay Shah

TITLE
CEO & Trustee
COMPENSATION
$5M
AGE
49
TENURE
13.3 yrs

Don Landry

TITLE
Lead Independent Trustee
COMPENSATION
$271K
AGE
69
TENURE
10.3 yrs

Hasu Shah

TITLE
Executive Chairman
COMPENSATION
$1M
AGE
73
TENURE
21 yrs

Mike Leven

TITLE
COMPENSATION
$227K
AGE
80
TENURE
7 yrs

John Sabin

TITLE
COMPENSATION
$242K
AGE
63
TENURE
15.9 yrs

Tom Hutchison

TITLE
COMPENSATION
$282K
AGE
76
TENURE
10.7 yrs

Dianna Morgan

TITLE
COMPENSATION
$235K
AGE
66
TENURE
9.1 yrs

Jackson Hsieh

TITLE
COMPENSATION
$244K
AGE
57
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Dec 18 Buy Hasu Shah Individual 03. Dec 18 03. Dec 18 1,700 $20.38 $34,651
X
Management checks
We assess Hersha Hospitality Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hersha Hospitality Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company's common shares are traded on The New York Stock Exchange under the ticker “HT”.

Details
Name: Hersha Hospitality Trust
HT.PRD
Exchange: NYSE
Founded: 1998
$788,992,460
$711,354,240
43,494,623
Website: http://www.hersha.com
Address: Hersha Hospitality Trust
44 Hersha Drive,
Harrisburg,
Pennsylvania, 17102,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HT Class A Common Shares New York Stock Exchange US USD 21. Jan 1999
DB H3U1 Class A Common Shares Deutsche Boerse AG DE EUR 21. Jan 1999
NYSE HT.PRE PFD CUM RED E New York Stock Exchange US USD 03. Nov 2016
NYSE HT.PRD RED PFD SER D New York Stock Exchange US USD 26. May 2016
NYSE HT.PRC PFD SER C 6.875% New York Stock Exchange US USD 28. Feb 2013
Number of employees
Current staff
Staff numbers
54
Hersha Hospitality Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:13
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.