Hersha Hospitality Trust (NYSE:HT) has been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the firm. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.90.

A number of analysts have recently weighed in on HT shares. Royal Bank Of Canada dropped their price target on Hersha Hospitality Trust from $23.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 9th. RBC Capital Markets reiterated a “sector perform” rating and set a $21.00 price target (down from $23.00) on shares of Hersha Hospitality Trust in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Canaccord Genuity reiterated a “hold” rating and set a $20.00 price target on shares of Hersha Hospitality Trust in a research report on Friday, July 29th. Finally, FBR & Co dropped their price target on Hersha Hospitality Trust from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th.

Hersha Hospitality Trust (NYSE:HT) traded up 1.16% during mid-day trading on Tuesday, hitting $18.28. The company had a trading volume of 157,246 shares. Hersha Hospitality Trust has a 52-week low of $15.36 and a 52-week high of $25.63. The stock’s 50 day moving average price is $18.90 and its 200 day moving average price is $19.01. The firm has a market cap of $775.57 million, a P/E ratio of 7.63 and a beta of 1.52.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.03. Hersha Hospitality Trust had a return on equity of 15.88% and a net margin of 24.39%. The firm had revenue of $127.70 million for the quarter, compared to analysts’ expectations of $130.11 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Hersha Hospitality Trust’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts predict that Hersha Hospitality Trust will post $2.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date is Thursday, September 29th. Hersha Hospitality Trust’s payout ratio is currently 45.16%.

In related news, Chairman Hasu P. Shah acquired 3,000 shares of Hersha Hospitality Trust stock in a transaction dated Wednesday, August 17th. The stock was acquired at an average cost of $19.00 per share, with a total value of $57,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jay H. Shah acquired 4,700 shares of Hersha Hospitality Trust stock in a transaction dated Monday, September 12th. The shares were bought at an average cost of $18.40 per share, with a total value of $86,480.00. Following the completion of the purchase, the chief executive officer now owns 275,730 shares in the company, valued at $5,073,432. The disclosure for this purchase can be found here. Company insiders own 7.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its stake in Hersha Hospitality Trust by 22.1% in the second quarter. Teacher Retirement System of Texas now owns 6,224 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 1,127 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in Hersha Hospitality Trust by 0.5% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 8,548 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 41 shares during the last quarter. Menta Capital LLC acquired a new stake in Hersha Hospitality Trust during the second quarter worth about $231,000. Dynamic Technology Lab Private Ltd raised its stake in Hersha Hospitality Trust by 3.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 18,178 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 551 shares during the last quarter. Finally, BB&T Securities LLC raised its stake in Hersha Hospitality Trust by 9.6% in the second quarter. BB&T Securities LLC now owns 19,249 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 1,694 shares during the last quarter.

About Hersha Hospitality Trust

Hersha Hospitality Trust is a real estate investment trust. The Company operates through investment in hotel properties segment. It invests in institutional grade hotels in urban gateway markets, including New York, Washington District of Columbia (DC), Boston, Philadelphia, South Florida and select markets on the West Coast.

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