Municipal Employees Retirement System of Michigan increased its holdings in Hersha Hospitality Trust (NYSE:HT) by 34.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,210 shares of the real estate investment trust’s stock after acquiring an additional 4,940 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Hersha Hospitality Trust were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Chicago Equity Partners LLC lifted its position in 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 valued at $7,365,000 after buying an additional 319,022 shares during the period. State Street Corp lifted its position in Hersha Hospitality Trust by 9.8% during the second quarter. State Street Corp now owns 1,820,283 shares of the real estate investment trust’s stock valued at $33,697,000 after buying an additional 162,545 shares during the period. BlackRock Inc. lifted its position 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 valued at $110,531,000 after buying an additional 16,158 shares during the period. Brookfield Asset Management Inc. lifted its position 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 valued at $62,408,000 after buying an additional 357,835 shares during the period. Finally, Prudential Financial Inc. lifted its position in Hersha Hospitality Trust by 10.6% during the third quarter. Prudential Financial Inc. now owns 583,177 shares of the real estate investment trust’s stock valued at $10,888,000 after buying an additional 55,770 shares during the period. 98.59% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on the company. B. Riley restated a “buy” rating on shares of Hersha Hospitality Trust in a report on Wednesday, November 1st. DA Davidson assumed coverage on Hersha Hospitality Trust in a report on Friday, September 29th. They set a “buy” rating and a $21.00 price target for the company. Robert W. Baird restated a “buy” rating and set a $20.00 price target on shares of Hersha Hospitality Trust in a 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 report on Thursday, October 12th. Finally, Wells Fargo & Company reduced their price objective on Hersha Hospitality Trust from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Hersha Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $19.60.

In other news, COO Neil H. Shah purchased 2,823 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was acquired at an average cost of $17.71 per share, for a total transaction of $49,995.33. Following the purchase, the chief operating officer now directly owns 305,033 shares in the company, valued at approximately $5,402,134.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Neil H. Shah purchased 7,044 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were purchased at an average price of $17.44 per share, with a total value of $122,847.36. Following the completion of the purchase, the insider now owns 310,692 shares in the company, valued at $5,418,468.48. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 19,815 shares of company stock valued at $346,990. Corporate insiders own 8.10% of the company’s stock.

Shares of Hersha Hospitality Trust (NYSE HT) opened at $17.42 on Friday. The stock has a market capitalization of $724.85, a PE ratio of 7.92, a price-to-earnings-growth ratio of 2.12 and a beta of 1.34. Hersha Hospitality Trust has a 52 week low of $17.15 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.

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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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