The Manufacturers Life Insurance Company lowered its position in Hersha Hospitality Trust (NYSE:HT) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,992 shares of the real estate investment trust’s stock after selling 3,074 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Hersha Hospitality Trust worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HT. BlackRock Inc. raised its stake in shares of Hersha Hospitality Trust by 10,630.7% during the first quarter. BlackRock Inc. now owns 5,955,224 shares of the real estate investment trust’s stock worth $111,899,000 after purchasing an additional 5,899,727 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Hersha Hospitality Trust by 8.7% during the first quarter. Vanguard Group Inc. now owns 7,032,015 shares of the real estate investment trust’s stock worth $132,132,000 after purchasing an additional 561,377 shares during the last quarter. Morgan Stanley raised its stake in shares of Hersha Hospitality Trust by 269.6% during the first quarter. Morgan Stanley now owns 454,552 shares of the real estate investment trust’s stock worth $8,543,000 after purchasing an additional 331,554 shares during the last quarter. Chicago Equity Partners LLC raised its stake in shares of Hersha Hospitality Trust by 404.5% during the second quarter. Chicago Equity Partners LLC now owns 397,897 shares of the real estate investment trust’s stock worth $7,365,000 after purchasing an additional 319,022 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Hersha Hospitality Trust by 22.1% during the first quarter. State Street Corp now owns 1,657,738 shares of the real estate investment trust’s stock worth $31,153,000 after purchasing an additional 300,195 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

In other news, insider Neil H. Shah bought 4,165 shares of the stock in a transaction on Wednesday, August 30th. The shares were bought at an average price of $17.93 per share, with a total value of $74,678.45. Following the completion of the acquisition, the insider now owns 297,418 shares of the company’s stock, valued at $5,332,704.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Neil H. Shah bought 1,667 shares of the stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of $17.86 per share, for a total transaction of $29,772.62. Following the acquisition, the chief operating officer now directly owns 297,418 shares of the company’s stock, valued at approximately $5,311,885.48. The disclosure for this purchase can be found here. Insiders acquired 28,494 shares of company stock valued at $502,496 in the last quarter. 8.10% of the stock is currently owned by company insiders.

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Several research firms have recently commented on HT. Zacks Investment Research cut Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note 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 note 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 note on Thursday, October 12th. DA Davidson began coverage on Hersha Hospitality Trust in a research note on Friday, September 29th. They set a “buy” rating and a $21.00 price target for the company. Finally, BidaskClub upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.60.

Hersha Hospitality Trust (NYSE:HT) opened at $17.35 on Tuesday. The stock has a market capitalization of $727.34, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.67 and a quick ratio of 0.67. Hersha Hospitality Trust has a 52-week low of $17.15 and a 52-week high of $22.14.

Hersha Hospitality Trust 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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