Hersha Hospitality Trust (NYSE:HT) insider Neil H. Shah acquired 4,165 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average price of $17.93 per share, with a total value of $74,678.45. Following the transaction, the insider now owns 297,418 shares in the company, valued at approximately $5,332,704.74. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Hersha Hospitality Trust (NYSE:HT) traded up 1.451% during mid-day trading on Thursday, reaching $18.525. The company’s stock had a trading volume of 238,177 shares. Hersha Hospitality Trust has a 52-week low of $16.80 and a 52-week high of $22.14. The company has a market capitalization of $774.97 million, a PE ratio of 8.125 and a beta of 1.38. The firm’s 50 day moving average is $18.38 and its 200-day moving average is $18.92.

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

TRADEMARK VIOLATION NOTICE: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/31/hersha-hospitality-trust-ht-insider-neil-h-shah-acquires-4165-shares-of-stock.html.

HT has been the subject of a number of recent research reports. FBR & Co dropped their price objective on Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, July 27th. Zacks Investment Research cut Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. ValuEngine upgraded Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. BidaskClub cut Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a research report on Wednesday, July 19th. One investment 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 presently has an average rating of “Hold” and a consensus price target of $19.86.

A number of hedge funds and other institutional investors have recently bought and sold shares of HT. Pinebridge Investments L.P. raised its position in Hersha Hospitality Trust by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,503 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 54 shares during the last quarter. Texas Permanent School Fund raised its position in Hersha Hospitality Trust by 0.8% in the second quarter. Texas Permanent School Fund now owns 30,498 shares of the real estate investment trust’s stock valued at $565,000 after buying an additional 255 shares during the last quarter. M&T Bank Corp raised its position in Hersha Hospitality Trust by 1.1% in the second quarter. M&T Bank Corp now owns 28,042 shares of the real estate investment trust’s stock valued at $519,000 after buying an additional 298 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in 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 during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in 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 during the last quarter. 98.54% of the stock is currently owned by hedge funds and other institutional investors.

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 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)

Receive News & Stock 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 stocks with our FREE daily email newsletter.