Hersha Hospitality Trust (NYSE:HT) COO Neil H. Shah acquired 1,110 shares of the stock in a transaction on Monday, August 28th. The shares were acquired at an average cost of $17.96 per share, for a total transaction of $19,935.60. Following the completion of the transaction, the chief operating officer now directly owns 297,418 shares in the company, valued at approximately $5,341,627.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Hersha Hospitality Trust (HT) traded up 0.32% during mid-day trading on Friday, hitting $18.60. 135,314 shares of the stock traded hands. The stock has a 50-day moving average of $18.39 and a 200 day moving average of $18.81. The firm has a market cap of $778.11 million, a price-to-earnings ratio of 8.16 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 released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.79 by $0.02. The firm had revenue of $138 million for the quarter, compared to the consensus estimate of $134.55 million. Hersha Hospitality Trust had a return on equity of 14.78% and a net margin of 22.77%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. On average, equities analysts expect that Hersha Hospitality Trust will post $2.23 EPS for the current year.

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Several research analysts have issued reports on HT shares. ValuEngine downgraded shares of Hersha Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. FBR & Co set a $20.00 price objective on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a research report on Wednesday, July 19th. Finally, BidaskClub raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. 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 stock. Hersha Hospitality Trust has a consensus rating of “Hold” and a consensus price target of $19.86.

Institutional investors have recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. raised its position in Hersha Hospitality Trust by 11.9% in the second quarter. Brookfield Asset Management Inc. now owns 3,371,560 shares of the real estate investment trust’s stock valued at $62,408,000 after buying an additional 357,835 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Hersha Hospitality Trust during the second quarter valued at approximately $219,000. Public Employees Retirement System of Ohio raised its position in Hersha Hospitality Trust by 26.8% in the second quarter. Public Employees Retirement System of Ohio now owns 63,761 shares of the real estate investment trust’s stock valued at $1,180,000 after buying an additional 13,459 shares in the last quarter. Verition Fund Management LLC purchased a new position in Hersha Hospitality Trust during the second quarter valued at approximately $289,000. Finally, State Street Corp raised its position in Hersha Hospitality Trust by 9.8% in the second quarter. State Street Corp now owns 1,820,283 shares of the real estate investment trust’s stock valued at $33,697,000 after buying an additional 162,545 shares in the last quarter. Institutional investors and hedge funds own 98.54% of the company’s stock.

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)

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