Hersha Hospitality Trust (NYSE:HT) Updates On Dividend Release Date


On 2016-07-26, Hersha Hospitality Trust (NYSE:HT) confirmed the dividend disbursement of $0.28 a share to shareholders as on record 2016-06-30. The firm will release dividend on 2016-07-15 while ex-dividend date is reported to be 2016-06-28.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Hersha Hospitality Trust (NYSE:HT) paid a total of $0.28 per share in dividends. This figure stood at $0.28 a share in the same period a year ago indicating a deviation of -12.5%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $19.937 on the stock. This figure is the average of recommendations offered by 8 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $26 and $17, respectively.

Taking the mathematical rating formula, the price for Hersha Hospitality Trust (NYSE:HT) stands at 2.64. Earnings Review Hersha Hospitality Trust (NYSE:HT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-26. For the period ending on 2016-09-30, experts are expecting EPS of $0.64.

Coming to the quarter ending on 2015-12-31, Hersha Hospitality Trust (NYSE:HT) recorded EPS of $0.89. The reported numbers came lower than the analysts’ estimates of $0.81, demonstrating a miss of $0.08 as against reported figures.

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