BNP Paribas Arbitrage SA raised its stake in Hersha Hospitality Trust (NYSE:HT) by 23.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,779 shares of the real estate investment trust’s stock after purchasing an additional 5,205 shares during the quarter. BNP Paribas Arbitrage SA owned 0.07% of Hersha Hospitality Trust worth $562,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HT. Legal & General Group Plc increased its stake in shares of Hersha Hospitality Trust by 1.2% during the second quarter. Legal & General Group Plc now owns 161,792 shares of the real estate investment trust’s stock valued at $2,995,000 after buying an additional 1,957 shares during the period. Convergence Investment Partners LLC increased its stake in shares of Hersha Hospitality Trust by 92.2% during the second quarter. Convergence Investment Partners LLC now owns 90,585 shares of the real estate investment trust’s stock valued at $1,677,000 after buying an additional 43,460 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Hersha Hospitality Trust by 9.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 508,051 shares of the real estate investment trust’s stock valued at $9,405,000 after buying an additional 45,552 shares during the period. Texas Permanent School Fund increased its stake in shares of Hersha Hospitality Trust by 0.8% during 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 period. Finally, Bowling Portfolio Management LLC purchased a new position in shares of Hersha Hospitality Trust during the second quarter valued at approximately $683,000. Hedge funds and other institutional investors own 98.54% of the company’s stock.

In other news, insider Neil H. Shah bought 4,165 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average cost of $17.93 per share, with a total value of $74,678.45. Following the transaction, the insider now directly owns 297,418 shares in the company, valued at approximately $5,332,704.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Neil H. Shah bought 1,667 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were purchased 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 in the company, valued at $5,311,885.48. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,079 shares of company stock valued at $180,706 over the last three months. 8.10% of the stock is owned by corporate insiders.

Shares of Hersha Hospitality Trust (NYSE:HT) opened at 18.41 on Thursday. The company has a 50-day moving average price of $18.30 and a 200 day moving average price of $18.66. Hersha Hospitality Trust has a 52 week low of $16.80 and a 52 week high of $22.14. The stock has a market capitalization of $770.16 million, a PE ratio of 8.07 and a beta of 1.38.

Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.02). Hersha Hospitality Trust had a return on equity of 14.78% and a net margin of 22.77%. The business had revenue of $138.00 million for the quarter, compared to the consensus estimate of $134.55 million. During the same period in the prior year, the business posted $0.89 earnings per share. Hersha Hospitality Trust’s revenue was up 8.1% on a year-over-year basis. Equities analysts forecast that Hersha Hospitality Trust will post $2.23 EPS for the current fiscal year.

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Several research firms have recently issued reports on HT. Robert W. Baird reissued 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 reissued a “hold” rating and set a $19.00 target price on shares of Hersha Hospitality Trust in a research note on Thursday, September 7th. FBR & Co set a $20.00 target price on Hersha Hospitality Trust and gave the company a “buy” rating in a research note on Monday, August 28th. BidaskClub raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Hersha Hospitality Trust presently has a consensus rating of “Hold” and a consensus target price of $19.75.

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.

Institutional Ownership by Quarter for Hersha Hospitality Trust (NYSE:HT)

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