Hersha Hospitality Trust (NYSE:HT) insider Neil H. Shah acquired 2,850 shares of Hersha Hospitality Trust stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $17.54 per share, with a total value of $49,989.00. Following the completion of the transaction, the insider now owns 316,352 shares of the company’s stock, valued at $5,548,814.08. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hersha Hospitality Trust (HT) traded down $0.16 during mid-day trading on Tuesday, reaching $17.53. The company had a trading volume of 574,503 shares, compared to its average volume of 480,190. The firm has a market capitalization of $729.84, a P/E ratio of 7.95, a PEG ratio of 2.13 and a beta of 1.35. Hersha Hospitality Trust has a fifty-two week low of $17.14 and a fifty-two week high of $22.14. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.67 and a current ratio of 0.67.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date was Thursday, September 28th. Hersha Hospitality Trust’s dividend payout ratio (DPR) is presently 52.09%.

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A number of equities research analysts have recently weighed in on the company. FBR & Co set a $20.00 target price on Hersha Hospitality Trust and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research downgraded Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Hersha Hospitality Trust in a report on Friday, September 8th. BidaskClub raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $19.00 target price on shares of Hersha Hospitality Trust in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Hersha Hospitality Trust has a consensus rating of “Hold” and a consensus target price of $19.60.

Hedge funds have recently bought and sold shares of the stock. Chicago Equity Partners LLC raised its stake in Hersha Hospitality Trust by 404.5% in the second quarter. Chicago Equity Partners LLC now owns 397,897 shares of the real estate investment trust’s stock valued at $7,365,000 after purchasing an additional 319,022 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Hersha Hospitality Trust by 2.8% during 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 acquiring an additional 12,450 shares in the last quarter. BlackRock Inc. raised its stake in Hersha Hospitality Trust by 0.3% during the second quarter. BlackRock Inc. now owns 5,971,382 shares of the real estate investment trust’s stock worth $110,531,000 after acquiring an additional 16,158 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in Hersha Hospitality Trust by 11.9% during the second quarter. Brookfield Asset Management Inc. now owns 3,371,560 shares of the real estate investment trust’s stock worth $62,408,000 after acquiring an additional 357,835 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Hersha Hospitality Trust by 93.0% during 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 acquiring an additional 77,030 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

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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