Hersha Hospitality Trust (NYSE:HT) COO Neil H. Shah bought 1,667 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $17.86 per share, with a total value of $29,772.62. Following the completion of the purchase, the chief operating officer now directly owns 297,418 shares of the company’s stock, valued at approximately $5,311,885.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hersha Hospitality Trust (NYSE HT) traded up 1.67% during mid-day trading on Wednesday, reaching $18.26. 519,779 shares of the company traded hands. Hersha Hospitality Trust has a 52-week low of $16.80 and a 52-week high of $22.14. The stock has a 50 day moving average price of $18.38 and a 200-day moving average price of $18.92. The company has a market capitalization of $763.89 million, a P/E ratio of 8.01 and a beta of 1.38.

Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by $0.02. Hersha Hospitality Trust had a net margin of 22.77% and a return on equity of 14.78%. The firm had revenue of $138 million during the quarter, compared to analyst estimates of $134.55 million. During the same period in the prior year, the company earned $0.89 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts expect that Hersha Hospitality Trust will post $2.23 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its position in shares of Hersha Hospitality Trust by 2.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 462,499 shares of the real estate investment trust’s stock worth $8,691,000 after buying an additional 12,450 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Hersha Hospitality Trust by 276.9% in the first quarter. Quantbot Technologies LP now owns 32,937 shares of the real estate investment trust’s stock worth $618,000 after buying an additional 24,197 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Hersha Hospitality Trust by 59.9% in the first quarter. Prudential Financial Inc. now owns 501,987 shares of the real estate investment trust’s stock worth $9,432,000 after buying an additional 188,130 shares in the last quarter. Legal & General Group Plc raised its position in shares of Hersha Hospitality Trust by 93.0% in the first quarter. Legal & General Group Plc now owns 159,835 shares of the real estate investment trust’s stock worth $3,002,000 after buying an additional 77,030 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in shares of Hersha Hospitality Trust during the first quarter worth approximately $1,482,000. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on HT shares. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. ValuEngine downgraded shares of Hersha Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a report on Wednesday, July 19th. FBR & Co cut their price target on shares of Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, July 27th. Finally, BidaskClub cut shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.86.

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.

Insider Buying and Selling by Quarter for Hersha Hospitality Trust (NYSE:HT)

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