Martingale Asset Management L P increased its position in Hersha Hospitality Trust (NYSE:HT) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 194,824 shares of the real estate investment trust’s stock after purchasing an additional 7,498 shares during the quarter. Martingale Asset Management L P owned approximately 0.47% of Hersha Hospitality Trust worth $3,607,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HT. BlackRock Inc. raised its holdings in shares of Hersha Hospitality Trust by 10,630.7% in the 1st quarter. BlackRock Inc. now owns 5,955,224 shares of the real estate investment trust’s stock valued at $111,899,000 after purchasing an additional 5,899,727 shares during the period. Brookfield Asset Management Inc. raised its holdings in shares of Hersha Hospitality Trust by 30.6% in the 1st quarter. Brookfield Asset Management Inc. now owns 3,013,725 shares of the real estate investment trust’s stock valued at $56,628,000 after purchasing an additional 705,256 shares during the period. Vanguard Group Inc. raised its holdings in shares of Hersha Hospitality Trust by 8.7% in the 1st quarter. Vanguard Group Inc. now owns 7,032,015 shares of the real estate investment trust’s stock valued at $132,132,000 after purchasing an additional 561,377 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Hersha Hospitality Trust by 265.5% in the 1st quarter. Nuveen Asset Management LLC now owns 566,490 shares of the real estate investment trust’s stock valued at $10,644,000 after purchasing an additional 411,508 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Hersha Hospitality Trust by 269.6% in the 1st quarter. Morgan Stanley now owns 454,552 shares of the real estate investment trust’s stock valued at $8,543,000 after purchasing an additional 331,554 shares during the period. 98.54% of the stock is currently owned by institutional investors.

Hersha Hospitality Trust (HT) opened at 18.41 on Friday. The company has a market capitalization of $770.16 million, a PE ratio of 8.07 and a beta of 1.38. Hersha Hospitality Trust has a 12-month low of $16.80 and a 12-month high of $22.14. The firm has a 50-day moving average of $18.30 and a 200 day moving average of $18.64.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data 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 company had revenue of $138.00 million during 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 business’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. Analysts forecast that Hersha Hospitality Trust will post $2.23 EPS for the current fiscal year.

A number of brokerages have recently issued reports on HT. ValuEngine raised shares of Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. BidaskClub cut shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a report on Wednesday, July 19th. Finally, FBR & Co lowered 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Hersha Hospitality Trust has an average rating of “Hold” and a consensus target price of $19.75.

In other Hersha Hospitality Trust news, COO Neil H. Shah purchased 1,667 shares of the stock in a transaction dated Tuesday, August 29th. The shares were bought at an average price of $17.86 per share, with a total value of $29,772.62. Following the completion of the transaction, the chief operating officer now directly owns 297,418 shares in the company, valued at approximately $5,311,885.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Neil H. Shah purchased 4,165 shares of the stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average cost of $17.93 per share, for a total transaction of $74,678.45. Following the transaction, the insider now owns 297,418 shares of the company’s stock, valued at $5,332,704.74. The disclosure for this purchase can be found here. In the last three months, insiders bought 10,079 shares of company stock worth $180,706. Insiders own 8.10% of the company’s stock.

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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.

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

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