Clearbridge Investments LLC Has $817,000 Position in Hersha Hospitality Trust (NYSE:HT)

Clearbridge Investments LLC reduced its position in shares of Hersha Hospitality Trust (NYSE:HT) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,470 shares of the real estate investment trust’s stock after selling 5,730 shares during the period. Clearbridge Investments LLC owned 0.10% of Hersha Hospitality Trust worth $817,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HT. Public Employees Retirement System of Ohio raised its stake in shares of Hersha Hospitality Trust by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 50,302 shares of the real estate investment trust’s stock valued at $945,000 after buying an additional 403 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Hersha Hospitality Trust by 0.5% in the first quarter. Asset Management One Co. Ltd. now owns 95,155 shares of the real estate investment trust’s stock valued at $1,775,000 after buying an additional 473 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Hersha Hospitality Trust by 0.9% in the first quarter. First Trust Advisors LP now owns 133,125 shares of the real estate investment trust’s stock valued at $2,501,000 after buying an additional 1,251 shares in the last quarter. American International Group Inc. raised its stake in shares of Hersha Hospitality Trust by 7.0% in the first quarter. American International Group Inc. now owns 25,483 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 1,668 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Hersha Hospitality Trust by 1.5% in the first quarter. California Public Employees Retirement System now owns 132,243 shares of the real estate investment trust’s stock valued at $2,485,000 after buying an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 96.55% of the company’s stock.

Hersha Hospitality Trust (HT) opened at 18.20 on Wednesday. The firm has a 50-day moving average of $18.88 and a 200-day moving average of $19.61. The firm has a market capitalization of $760.67 million, a price-to-earnings ratio of 6.26 and a beta of 1.38. Hersha Hospitality Trust has a 1-year low of $16.80 and a 1-year high of $22.14.

Hersha Hospitality Trust (NYSE:HT) last issued its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.07. The company had revenue of $108 million for the quarter, compared to analysts’ expectations of $101.68 million. Hersha Hospitality Trust had a net margin of 29.30% and a return on equity of 18.72%. During the same period in the prior year, the company earned $0.28 earnings per share. On average, analysts expect that Hersha Hospitality Trust will post $1.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.15%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is 38.89%.

TRADEMARK VIOLATION NOTICE: “Clearbridge Investments LLC Has $817,000 Position in Hersha Hospitality Trust (NYSE:HT)” was reported by BBNS and is the sole property of of BBNS. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://baseballnewssource.com/markets/clearbridge-investments-llc-has-817000-position-in-hersha-hospitality-trust-nyseht/1180535.html.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. ValuEngine lowered shares of Hersha Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Brean Capital reiterated a “buy” rating and set a $16.00 price target on shares of Hersha Hospitality Trust in a research note on Monday, May 1st. JMP Securities lowered shares of Hersha Hospitality Trust from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research note on Monday, May 1st. They noted that the move was a valuation call. Finally, Stifel Nicolaus cut their price target on shares of Hersha Hospitality Trust from $20.50 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.11.

Hersha Hospitality Trust Company Profile

Hersha Hospitality Trust is a self-advised real estate investment trust (REIT). The Company invests primarily in institutional grade hotels in urban gateway markets, including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. As of December 31, 2016, the Company’s portfolio consisted of 43 limited and full service properties with a total of 6,344 rooms and interests in 12 limited and full service properties owned through joint venture investments with a total of 2,456 rooms.

Institutional Ownership by Quarter for Hersha Hospitality Trust (NYSE:HT)

Receive News & Ratings for Hersha Hospitality Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hersha Hospitality Trust and related companies with our FREE daily email newsletter.

 


Latest News

Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana


Leave a Reply

 
© 2006-2017 BBNS.