HT

Hersha Hospitality TrustNYSE:HT Stock Report

Market Cap

US$423.3m

7D

4.7%

1Y

48.5%

Updated

16 Sep, 2021

Data

Company Financials +
HT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health1/6
Dividends0/6

HT Overview

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations.

Hersha Hospitality Trust Competitors

Host Hotels & Resorts

NasdaqGS:HST

US$11.8b

Park Hotels & Resorts

NYSE:PK

US$4.6b

Ryman Hospitality Properties

NYSE:RHP

US$4.5b

Apple Hospitality REIT

NYSE:APLE

US$3.5b

Price History & Performance

Summary of all time highs, changes and price drops for Hersha Hospitality Trust
Historical stock prices
Current Share PriceUS$9.37
52 Week HighUS$4.70
52 Week LowUS$13.05
Beta2.8
1 Month Change7.33%
3 Month Change-17.08%
1 Year Change48.49%
3 Year Change-58.99%
5 Year Change-50.99%
Change since IPO-61.76%

Recent News & Updates

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.

Jun 09

Hersha Hospitality Trust (HT) Investor Presentation - Slideshow

The following slide deck was published by Hersha Hospitality Trust in conjunction with this event.

Apr 28

Hersha Hospitality FFO beats by $0.11, beats on revenue

Hersha Hospitality (HT): Q1 FFO of -$0.36 beats by $0.11.Revenue of $47.17M (-47.7% Y/Y) beats by $2.11M.Press Release

Shareholder Returns

HTUS REITsUS Market
7D4.7%-0.7%-0.6%
1Y48.5%30.8%33.7%

Return vs Industry: HT exceeded the US REITs industry which returned 28.4% over the past year.

Return vs Market: HT exceeded the US Market which returned 30.7% over the past year.

Price Volatility

Is HT's price volatile compared to industry and market?
HT volatility
HT Beta2.8
Industry Beta0.82
Market Beta1

Stable Share Price: HT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HT's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199832Jay Shahhttps://www.hersha.com

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 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.”

Hersha Hospitality Trust Fundamentals Summary

How do Hersha Hospitality Trust's earnings and revenue compare to its market cap?
HT fundamental statistics
Market CapUS$423.34m
Earnings (TTM)-US$119.64m
Revenue (TTM)US$183.68m

2.3x

P/S Ratio

-3.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HT income statement (TTM)
RevenueUS$183.68m
Cost of RevenueUS$174.75m
Gross ProfitUS$8.93m
ExpensesUS$128.58m
Earnings-US$119.64m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-3.08
Gross Margin4.86%
Net Profit Margin-65.14%
Debt/Equity Ratio177.4%

How did HT perform over the long term?

See historical performance and comparison

Valuation

Is Hersha Hospitality Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HT ($9.37) is trading below our estimate of fair value ($41.09)

Significantly Below Fair Value: HT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HT is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: HT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HT is good value based on its PB Ratio (0.7x) compared to the US REITs industry average (1.9x).


Future Growth

How is Hersha Hospitality Trust forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

22.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: HT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: HT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: HT's revenue (27% per year) is forecast to grow faster than the US market (9.5% per year).

High Growth Revenue: HT's revenue (27% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HT is forecast to be unprofitable in 3 years.


Past Performance

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

-74.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HT is currently unprofitable.

Growing Profit Margin: HT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HT is unprofitable, and losses have increased over the past 5 years at a rate of 74.5% per year.

Accelerating Growth: Unable to compare HT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).


Return on Equity

High ROE: HT has a negative Return on Equity (-16.64%), as it is currently unprofitable.


Financial Health

How is Hersha Hospitality Trust's financial position?


Financial Position Analysis

Short Term Liabilities: HT's short term assets ($99.2M) exceed its short term liabilities ($38.1M).

Long Term Liabilities: HT's short term assets ($99.2M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: HT's debt to equity ratio (177.4%) is considered high.

Reducing Debt: HT's debt to equity ratio has increased from 128.9% to 177.4% over the past 5 years.

Debt Coverage: HT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if HT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

0.26%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: HT is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

16.0yrs

Average management tenure


CEO

Jay Shah (52 yo)

15.67yrs

Tenure

US$2,977,427

Compensation

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, ca...


CEO Compensation Analysis

Compensation vs Market: Jay's total compensation ($USD2.98M) is above average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Jay's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HT's management team is seasoned and experienced (16 years average tenure).


Board Members

Experienced Board: HT's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

Hersha Hospitality Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Hersha Hospitality Trust
  • Ticker: HT
  • Exchange: NYSE
  • Founded: 1998
  • Industry: Hotel and Resort REITs
  • Sector: Real Estate
  • Implied Market Cap: US$423.336m
  • Market Cap: US$367.468m
  • Shares outstanding: 45.18m
  • Website: https://www.hersha.com

Number of Employees


Location

  • Hersha Hospitality Trust
  • 44 Hersha Drive
  • Harrisburg
  • Pennsylvania
  • 17102
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 05:05
End of Day Share Price2021/09/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.