Hersha Hospitality Trust (HT) COO Neil H. Shah Purchases 1,425 Shares of Stock

Hersha Hospitality Trust (NYSE:HT) COO Neil H. Shah purchased 1,425 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average price of $17.54 per share, for a total transaction of $24,994.50. Following the completion of the transaction, the chief operating officer now directly owns 316,352 shares of the company’s stock, valued at approximately $5,548,814.08. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Hersha Hospitality Trust (NYSE:HT) traded up $0.19 during trading hours on Wednesday, hitting $17.72. 48,951 shares of the company’s stock were exchanged, compared to its average volume of 517,385. Hersha Hospitality Trust has a 52 week low of $17.14 and a 52 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 stock has a market cap of $736.08, a P/E ratio of 8.04, a PEG ratio of 2.16 and a beta of 1.35.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend was Thursday, September 28th. Hersha Hospitality Trust’s dividend payout ratio is presently 52.09%.

TRADEMARK VIOLATION WARNING: “Hersha Hospitality Trust (HT) COO Neil H. Shah Purchases 1,425 Shares of Stock” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/08/hersha-hospitality-trust-ht-coo-neil-h-shah-purchases-1425-shares-of-stock.html.

A number of research firms recently weighed in on HT. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Robert W. Baird restated a “buy” rating and set a $20.00 price target on shares of Hersha Hospitality Trust in a research report on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and set a $19.00 price target on shares of Hersha Hospitality Trust in a research report on Thursday, October 12th. DA Davidson began coverage on shares of Hersha Hospitality Trust in a research report on Friday, September 29th. They set a “buy” rating and a $21.00 price target on the stock. Finally, BidaskClub upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $19.60.

Several large investors have recently made changes to their positions in HT. UBS Asset Management Americas Inc. increased its position in shares of Hersha Hospitality Trust by 55.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 62,911 shares of the real estate investment trust’s stock valued at $1,182,000 after purchasing an additional 22,544 shares during the last quarter. American International Group Inc. grew its position in shares of Hersha Hospitality Trust by 7.0% in the 1st quarter. American International Group Inc. now owns 25,483 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 1,668 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Hersha Hospitality Trust in the 1st quarter valued at $179,000. OppenheimerFunds Inc. purchased a new position in shares of Hersha Hospitality Trust in the 1st quarter valued at $446,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Hersha Hospitality Trust in the 1st quarter valued at $5,966,000. 98.46% of the stock is currently owned by institutional investors.

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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Hersha Hospitality Trust (HT) COO Neil H. Shah Purchases 1,425 Shares of Stock

Hersha Hospitality Trust (NYSE:HT) COO Neil H. Shah purchased 1,425 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average price of $17.54 per share, for a total transaction of $24,994.50. Following the completion of the transaction, the chief operating officer now directly owns 316,352 shares of the company’s stock, valued at approximately $5,548,814.08. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Hersha Hospitality Trust (NYSE:HT) traded up $0.19 during trading hours on Wednesday, hitting $17.72. 48,951 shares of the company’s stock were exchanged, compared to its average volume of 517,385. Hersha Hospitality Trust has a 52 week low of $17.14 and a 52 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 stock has a market cap of $736.08, a P/E ratio of 8.04, a PEG ratio of 2.16 and a beta of 1.35.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend was Thursday, September 28th. Hersha Hospitality Trust’s dividend payout ratio is presently 52.09%.

TRADEMARK VIOLATION WARNING: “Hersha Hospitality Trust (HT) COO Neil H. Shah Purchases 1,425 Shares of Stock” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/08/hersha-hospitality-trust-ht-coo-neil-h-shah-purchases-1425-shares-of-stock.html.

A number of research firms recently weighed in on HT. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Robert W. Baird restated a “buy” rating and set a $20.00 price target on shares of Hersha Hospitality Trust in a research report on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and set a $19.00 price target on shares of Hersha Hospitality Trust in a research report on Thursday, October 12th. DA Davidson began coverage on shares of Hersha Hospitality Trust in a research report on Friday, September 29th. They set a “buy” rating and a $21.00 price target on the stock. Finally, BidaskClub upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $19.60.

Several large investors have recently made changes to their positions in HT. UBS Asset Management Americas Inc. increased its position in shares of Hersha Hospitality Trust by 55.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 62,911 shares of the real estate investment trust’s stock valued at $1,182,000 after purchasing an additional 22,544 shares during the last quarter. American International Group Inc. grew its position in shares of Hersha Hospitality Trust by 7.0% in the 1st quarter. American International Group Inc. now owns 25,483 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 1,668 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Hersha Hospitality Trust in the 1st quarter valued at $179,000. OppenheimerFunds Inc. purchased a new position in shares of Hersha Hospitality Trust in the 1st quarter valued at $446,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Hersha Hospitality Trust in the 1st quarter valued at $5,966,000. 98.46% of the stock is currently owned by institutional investors.

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)

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.


 Comment on this Post

 
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