Hersha Hospitality Trust (NYSE:HT) COO Neil H. Shah acquired 1,667 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of $17.86 per share, with a total value of $29,772.62. Following the completion of the transaction, the chief operating officer now owns 297,418 shares of the company’s stock, valued at $5,311,885.48. The transaction was disclosed in a filing with the SEC, which is available at this link.
Hersha Hospitality Trust (HT) opened at 18.25 on Friday. Hersha Hospitality Trust has a 1-year low of $16.80 and a 1-year high of $22.14. The company has a market cap of $763.47 million, a price-to-earnings ratio of 8.00 and a beta of 1.38. The firm’s 50-day moving average price is $18.30 and its 200-day moving average price is $18.65.
Hersha Hospitality Trust (NYSE:HT) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.02). The company had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $134.55 million. Hersha Hospitality Trust had a return on equity of 14.78% and a net margin of 22.77%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Equities research analysts forecast that Hersha Hospitality Trust will post $2.23 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on HT shares. ValuEngine lowered Hersha Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. FBR & Co set a $20.00 target price on Hersha Hospitality Trust and gave the stock a “buy” rating in a research note on Monday, August 28th. Robert W. Baird reiterated a “buy” rating and set a $20.00 target price on shares of Hersha Hospitality Trust in a research note on Friday, September 8th. Stifel Nicolaus reiterated a “hold” rating and set a $19.00 target price on shares of Hersha Hospitality Trust in a research note on Thursday, September 7th. Finally, Zacks Investment Research upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.75.
Several large investors have recently bought and sold shares of HT. Louisiana State Employees Retirement System purchased a new stake in shares of Hersha Hospitality Trust during the first quarter worth $319,000. Nationwide Fund Advisors lifted its position in shares of Hersha Hospitality Trust by 32.7% during the first quarter. Nationwide Fund Advisors now owns 223,937 shares of the real estate investment trust’s stock worth $4,208,000 after acquiring an additional 55,224 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Hersha Hospitality Trust by 38.8% during the first quarter. Fisher Asset Management LLC now owns 30,067 shares of the real estate investment trust’s stock worth $565,000 after acquiring an additional 8,411 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Hersha Hospitality Trust in the first quarter worth $108,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Hersha Hospitality Trust by 7.1% in the first quarter. Russell Investments Group Ltd. now owns 280,640 shares of the real estate investment trust’s stock worth $5,273,000 after purchasing an additional 18,554 shares during the period. Hedge funds and other institutional investors own 98.54% of the company’s stock.
About Hersha Hospitality Trust
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 July 20, 2017, the Company’s hotels included 51 hotels totaling 7,804 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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