NYSE:HT

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Hersha Hospitality Trust

Executive Summary

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.


Snowflake Analysis

Fair value with concerning outlook.


Similar Companies

Share Price & News

How has Hersha Hospitality Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.1%

HT

-2.5%

US REITs

2.3%

US Market


1 Year Return

-66.1%

HT

-11.6%

US REITs

6.7%

US Market

Return vs Industry: HT underperformed the US REITs industry which returned -11.6% over the past year.

Return vs Market: HT underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

HTIndustryMarket
7 Day-2.1%-2.5%2.3%
30 Day-24.5%-2.5%6.0%
90 Day-0.4%3.3%18.9%
1 Year-62.2%-66.1%-8.0%-11.6%9.0%6.7%
3 Year-63.0%-70.7%12.1%-1.7%36.6%27.7%
5 Year-72.0%-80.4%39.4%10.8%64.2%46.1%

Price Volatility Vs. Market

How volatile is Hersha Hospitality Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

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 ($5.52) is trading below our estimate of fair value ($28.07)

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 (0.3x) compared to the US REITs industry average (1.3x).


Next Steps

Future Growth

How is Hersha Hospitality Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

25.2%

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 (14.1% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: HT's revenue (14.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-40.6%

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 -40.6% 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 (5.3%).


Return on Equity

High ROE: HT has a negative Return on Equity (-2.92%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hersha Hospitality Trust's financial position?


Financial Position Analysis

Short Term Liabilities: HT's short term assets ($95.1M) exceed its short term liabilities ($43.9M).

Long Term Liabilities: HT's short term assets ($95.1M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: HT's debt to equity ratio (143.6%) is considered high.

Reducing Debt: HT's debt to equity ratio has increased from 115.7% to 143.6% over the past 5 years.

Debt Coverage: HT's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: HT is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

0.39%

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?

14.5yrs

Average management tenure


CEO

Jay Shah (51yo)

14.5yrs

Tenure

US$3,510,992

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 ($USD3.51M) is above average for companies of similar size in the US market ($USD1.35M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Hasu Shah
Executive Chairman22.17yrsUS$876.83k0.58% $1.4m
Jay Shah
CEO & Trustee14.5yrsUS$3.51m1.47% $3.5m
Neil Shah
President & COO14.5yrsUS$3.45m1.57% $3.7m
Ashish Parikh
CFO & Assistant Secretary21.5yrsUS$1.68m1.11% $2.6m
Michael Gillespie
Chief Accounting Officer15.08yrsUS$908.85k0.47% $1.1m
Greg Costa
Managerno datano datano data
Stephanie Galli
Senior VP & Corporate Counselno datano datano data
William Walsh
Senior Vice President of Asset Managementno datano datano data
Sandra Cardona
Vice President Development & Capital Planning2.5yrsno datano data
David Desfor
Treasurer & Corporate Secretary13.25yrsno data0.015% $34.9k
Bharat Mehta
Executive Officerno datano datano data
Melissa Hauser
Director of Acquisitions and Director of Asset Management15.42yrsno datano data

14.5yrs

Average Tenure

51yo

Average Age

Experienced Management: HT's management team is seasoned and experienced (14.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hasu Shah
Executive Chairman22.17yrsUS$876.83k0.58% $1.4m
Jay Shah
CEO & Trustee14.5yrsUS$3.51m1.47% $3.5m
Michael Leven
Independent Trustee8.17yrsUS$222.11k0.22% $525.4k
Donald Landry
Lead Independent Trustee11.5yrsUS$262.57k0.29% $682.3k
Dianna Morgan
Independent Trustee10.25yrsUS$229.61k0.15% $354.5k
Thomas Hutchison
Independent Trustee11.83yrsUS$267.19k0.27% $632.1k
Jackson Hsieh
Independent Trustee3.08yrsUS$240.90k0.13% $318.9k
John Sabin
Independent Trustee17.08yrsUS$237.11k0.17% $413.9k

11.7yrs

Average Tenure

69.5yo

Average Age

Experienced Board: HT's board of directors are seasoned and experienced ( 11.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: HT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hersha Hospitality Trust's company bio, 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$237.329m
  • Market Cap: US$213.704m
  • Shares outstanding: 42.99m
  • Website: https://www.hersha.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HTNYSE (New York Stock Exchange)YesClass A Common SharesUSUSDJan 1999
H3U1DB (Deutsche Boerse AG)YesClass A Common SharesDEEURJan 1999
HT.PRCNYSE (New York Stock Exchange)PFD SER C 6.875%USUSDFeb 2013
HT.PRDNYSE (New York Stock Exchange)RED PFD SER DUSUSDMay 2016
HT.PRENYSE (New York Stock Exchange)PFD CUM RED EUSUSDNov 2016

Biography

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 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”. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 06:58
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.