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Hersha Hospitality TrustNYSE:HT Stock Report

Market Cap US$482.9m
Share Price
n/a
1Y3.7%
7D0.3%
1D-0.1%
Portfolio Value
​
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Hersha Hospitality Trust

NYSE:HT Stock Report

Market Cap: US$482.9m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Hersha Hospitality Trust (HT) Stock Overview

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates luxury and lifestyle hotels in coastal gateway and resort markets. More details

HT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends2/6

Risk Analysis

Earnings are forecast to decline by an average of 60.2% per year for the next 3 years

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Profit margins (2.1%) are lower than last year (19.2%)

+ 2 more risks

HT Community Fair Values

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Hersha Hospitality Trust Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hersha Hospitality Trust
Historical stock prices
Current Share PriceUS$9.99
52 Week HighUS$10.31
52 Week LowUS$5.64
Beta1.82
1 Month Change0.81%
3 Month Change1.73%
1 Year Change3.74%
3 Year Change20.65%
5 Year Change-46.81%
Change since IPO-59.22%

Recent News & Updates

Recent updates

Seeking Alpha • Aug 29

Hersha Hospitality: A Buyout Is A Good Time To Cash Out

Summary KSL Capital Partners has agreed to acquire Hersha Hospitality Trust in an all-cash deal valuing the company at around $1.4 billion. The deal offers significant immediate upside for common shareholders and preferred stockholders. Hersha Hospitality Trust has shown an impressive recovery and growth, but recent signs of weakness and asset sales have impacted revenue and profits. All things considered, this deal seems like a fine exit for shareholders of the business. Read the full article on Seeking Alpha
Seeking Alpha • Jun 20

Hersha Hospitality Trust: Undervalued But Financial Performance A Concern

Summary Hersha Hospitality Trust is a hospitality REIT focused on luxury, upscale, and upper midscale hotels in key markets such as New York City, Boston, Washington D.C., and Philadelphia. The company has recently reinstated its dividend and pays a forward dividend yield of 3.30%, with several valuation metrics indicating that the company is undervalued at present. However, concerns over the company's financial performance, including a declining AFFO over the past few years, make it a "Hold" for investors seeking better opportunities in the hospitality industry. Read the full article on Seeking Alpha
Seeking Alpha • Jun 12

Hersha Hospitality Trust: Resilient Portfolio With A Promising Future

Summary Hersha Hospitality Trust is a real estate investment trust specializing in upscale and luxury hotels. The company has been recovering well after Covid and has been increasing its revenue. After analyzing this company, I believe it is worth investing in. Read the full article on Seeking Alpha
Seeking Alpha • Feb 15

Hersha Hospitality FFO of $0.34 misses by $0.02, revenue of $96.47M in-line

Hersha Hospitality press release (NYSE:HT): Q4 FFO of $0.34 misses by $0.02. Revenue of $96.47M (+3.2% Y/Y) in-line. Comparable Portfolio Growth to the Fourth Quarter 2019 - ADR Growth of 21.5% - EBITDA Growth of 12.6% - EBITDA Margin Growth of 209 bps Outlook: For 1Q23, adjusted FFO is expected between $0.04 - $0.08 vs. consensus of $0.10; Adjusted EBITDA between $14.30M-$17.30M; Comparable Property Absolute RevPAR between $179M-$189M.
Seeking Alpha • Dec 15

Hersha Hospitality declares $0.05 dividend & special dividend of $0.50 per common share

Hersha Hospitality (NYSE:HT) declares $0.05/share quarterly dividend, in line with previous. Forward yield 2.06% Company has  announced its Board of Trustees has approved a special dividend of $0.50 per common share  Payable Jan. 18; for shareholders of record Dec. 30; ex-div Dec. 29. See HT Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Sep 19

Hersha Hospitality reinstates quarterly dividend

Hersha Hospitality (NYSE:HT) declares $0.05/share quarterly dividend. Forward yield 2.05% Payable Oct. 17; for shareholders of record Sept. 30; ex-div Sept. 29. The company had suspended dividend on March 19, 2020. See HT Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Sep 12

Hersha Hospitality Trust to sell two West Coast properties for $125M

Hersha Hospitality Trust (NYSE:HT) has agreed to sell two of its West Coast properties for $125M. These transactions are subject to customary closing conditions and are expected to close in the fourth quarter of 2022. The price implies a blended 2.9% cap rate and 27.0x EBITDA multiple on 2019 results and a $455K per key valuation The hospitality-focused REIT will use the proceeds from the sale to pay down ~$45M of debt. Any remaining proceeds will be used for general corporate purposes including, but not limited to, additional debt repayment and dividend payments.
Seeking Alpha • Aug 05

Hersha Hospitality Trust refinances $500M credit facility

Hersha Hospitality Trust (NYSE:HT) has refinanced its $500M senior secured credit facility, which consists of $400M term loan and an undrawn $100M revolving credit line. The credit facility will mature in August 2024 and has one 12-month extension option. The facilities will bear 2.50% interest at over the applicable adjusted term SOFR. Hersha Hospitality (HT) used existing swap to hedge $300M the new term loan at a fixed rate of ~3.95%. Following the refinancing, 72% of the firm's outstanding debt is either fixed or hedged through various derivative instruments. CEO Jay Shah said, "The refinancing of our existing credit facilities sustains the significant efforts undertaken to optimize our balance sheet and provides additional flexibility to execute our business plan. The utilization of the existing swap on $300M of the new term loan is forecasted to result in approximately $10 million of interest expense savings over the life of the new term loan. In other news, the hospitality REIT closed the first tranche of six of the previously announced disposition of seven non-core Urban Select Service properties for gross proceeds of ~$435.9M.
Seeking Alpha • Jun 05

Big Changes Have Made Hersha Hospitality Trust A Worthwhile Prospect

Hersha Hospitality Trust has undergone some big changes recently in what will set the company up for a bright future. Shares are now fundamentally appealing if we assume that financial results will improve back to 2019 levels. Overall, investors would be wise to consider this prospect right now.
Seeking Alpha • Jan 12

Hersha Hospitality: Learn From My Falling In Love With A Stock

I have been a long-time and long-suffering holder of Hersha Hospitality. An earlier period of owning preferred shares was profitable. Despite high insider ownership, family-oriented long-term management, and good properties, Hersha has underperformed. COVID really hurt as well. Since I had an odd lot among my shares, I actually bought more and sold covered calls near the money to likely close my position. A good object lesson for myself on "falling in love with a stock" - while I won't necessarily lose money I've had plenty of opportunity costs. Learn from my mistakes.
Seeking Alpha • Oct 18

Hersha Hospitality: Weighed Down By Debt, The Preferreds Are The Best Way To Tap Into Cash Flows

HT's portfolio of upscale hotels has been rebounding steadily this year. Unfortunately, five hotels have been sold so far this year in order to fund the REIT's persistent cash burn. June was the first month that HT began cash flowing again at the corporate level. HT has an enormous debt load that is likely to weigh it down for years and prevent the common shares from paying a meaningful dividend for the foreseeable future. The preferred equity is a much more attractive option for tapping into the REIT's recovering cash flows.
Seeking Alpha • Jul 26

Hersha Hospitality Trust: Improvements Are Encouraging

Hersha Hospitality Trust was hit hard by the COVID-19 pandemic, just as the rest of its industry was. The company is showing some nice signs of improvement though, and that could lead to upside potential for investors moving forward. Of course, the picture is still risky, and that makes the business a prospect that isn't right for every investor.
Analysis Article • Feb 10

Is Hersha Hospitality Trust's (NYSE:HT) Shareholder Ownership Skewed Towards Insiders?

The big shareholder groups in Hersha Hospitality Trust ( NYSE:HT ) have power over the company. Generally speaking, as...

Shareholder Returns

HTUS Hotel and Resort REITsUS Market
7D0.3%1.9%-2.5%
1Y3.7%49.9%19.0%

Return vs Industry: HT exceeded the US Hotel and Resort REITs industry which returned 1% over the past year.

Return vs Market: HT underperformed the US Market which returned 14.1% over the past year.

Price Volatility

Is HT's price volatile compared to industry and market?
HT volatility
HT Average Weekly Movement0.4%
Hotel and Resort REITs Industry Average Movement4.0%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: HT's share price has been volatile over the past 3 months.

Volatility Over Time: HT's weekly volatility has decreased from 9% to 0% over the past year.

About the Company

FoundedEmployeesCEOWebsite
198427Neil Shahwww.hersha.com

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates luxury and lifestyle hotels in coastal gateway and resort markets. The Company’s 25 hotels totaling 3,811 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida, and California. The Company's common shares are traded on The New York Stock Exchange under the ticker “HT.”

Hersha Hospitality Trust Fundamentals Summary

How do Hersha Hospitality Trust's earnings and revenue compare to its market cap?
HT fundamental statistics
Market capUS$482.85m
Earnings (TTM)US$7.73m
Revenue (TTM)US$361.04m
52.1x
P/E Ratio
1.1x
P/S Ratio

Is HT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HT income statement (TTM)
RevenueUS$361.04m
Cost of RevenueUS$252.70m
Gross ProfitUS$108.35m
Other ExpensesUS$100.62m
EarningsUS$7.73m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)0.19
Gross Margin30.01%
Net Profit Margin2.14%
Debt/Equity Ratio79.0%

How did HT perform over the long term?

See historical performance and comparison

Dividends

2.0%
Current Dividend Yield
160%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/11/29 05:00
End of Day Share Price 2023/11/27 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hersha Hospitality Trust is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael BellisarioBaird
Felicia Kantor HendrixBarclays
John KimBMO Capital Markets Equity Research