Hersha Hospitality Trust (NYSEHT) has become a darling of insider investors, and this is attributed to its bully dividend yield, which currently sits pretty at 8.1%. The Harrisburg, Pennsylvania, United States-based company last paid shareholders a dividend of $0.28 per share on July 15, 2019. For the second quarter of 2019, this real estate investment trust company posted a 3% growth in dividend yield. Although this is less than impressive, a growth in the midst of an already handsome and stable payout is a treasure.
So far this year, the company has paid dividend of $0.84 per share, representing three quarters. For the four payouts of 2018, shareholders received a total of $1.12 per share.
The stock’s dividend payout has been stable for more than a decade, save for a few instances in which it has faced some hiccups. At every point, the company has always come up with new strategies to get things on track, and that’s why both insiders and outsiders are currently happy with it.
Hersha Hospitality Trust’s Dividend Stability
For most investors, one-off dividend yield isn’t what would attract them. Demonstrated stability and a beautiful forecast are very key. Considering the investments that Hersha Hospitality Trust (NYSEHT) is currently putting in properties, analysts are bullish about its future dividend yields. The fact that it’s posted reasonable stability after its conspicuous sink in 2009 and 2010 gives every reason to believe that things can only get better.
In The Markets
Hersha Hospitality Trust (NYSEHT) posted earnings loss of $0.02 per share for the second quarter of 2019, compared to profit of $0.12 per share in the same quarter last year. In 2018, the posted net profit was attributed to non-recurring gains of $6.4 million from insurance settlements in relation to Hurricane Irma.
Despite the dull facade in the earnings report, Chief Executive Officer Mr. Jay H. Shah was confident, saying that the results were in line with their internal projections, adding that they managed to beat their markets during the quarter.
Looking at how Hersha Hospitality Trust has placed a robust growth strategy, it’s believed that they’re poised to come out of the loss bracket and start posting profits.
Hersha Hospitality Trust is a real estate investment trust based in Harrisburg, Pennsylvania, United States. The company, which was founded in 1984, has interests in the hospitality industry, with investments in some of the major markets in the US and across the globe. Hersha Hospitality Trust has a market capitalization of 544.68 million. Some of its subsidiaries are Seaport Hospitality, Inn America Hospitality, Brisam Hotel LLC, Marriott, Hilton Hyatt, InterContinental Hotels, and more.