Campbell Capital Management Inc. lifted its position in Hersha Hospitality Trust (NYSE:HT) by 65.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 116,000 shares of the real estate investment trust’s stock after acquiring an additional 46,000 shares during the quarter. Campbell Capital Management Inc.’s holdings in Hersha Hospitality Trust were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of HT. BlackRock Inc. raised its position in Hersha Hospitality Trust by 3.7% during the fourth quarter. BlackRock Inc. now owns 5,649,425 shares of the real estate investment trust’s stock worth $44,575,000 after acquiring an additional 202,736 shares during the period. Charles Schwab Investment Management Inc. raised its position in Hersha Hospitality Trust by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 813,165 shares of the real estate investment trust’s stock worth $6,416,000 after acquiring an additional 48,895 shares during the period. LDR Capital Management LLC acquired a new position in Hersha Hospitality Trust during the fourth quarter worth $3,192,000. Amundi Pioneer Asset Management Inc. raised its position in Hersha Hospitality Trust by 407.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 308,332 shares of the real estate investment trust’s stock worth $5,285,000 after acquiring an additional 247,542 shares during the period. Finally, Matarin Capital Management LLC acquired a new position in Hersha Hospitality Trust during the third quarter worth $1,636,000. Hedge funds and other institutional investors own 69.18% of the company’s stock.

Shares of HT traded up $0.03 during mid-day trading on Thursday, reaching $10.68. The stock had a trading volume of 1,032 shares, compared to its average volume of 485,066. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.16 and a quick ratio of 0.16. Hersha Hospitality Trust has a 52-week low of $3.62 and a 52-week high of $13.05. The business’s fifty day moving average is $11.07 and its 200 day moving average is $8.09. The firm has a market cap of $417.93 million, a price-to-earnings ratio of -2.65 and a beta of 2.79.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data on Tuesday, February 23rd. The real estate investment trust reported ($1.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.46) by ($0.70). Hersha Hospitality Trust had a negative net margin of 51.54% and a negative return on equity of 17.94%. As a group, sell-side analysts anticipate that Hersha Hospitality Trust will post -1.7 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $10.00 target price on shares of Hersha Hospitality Trust in a report on Friday, March 19th. B. Riley upped their target price on shares of Hersha Hospitality Trust from $8.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, March 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $8.00 target price (up previously from $7.00) on shares of Hersha Hospitality Trust in a report on Thursday, February 25th. Finally, Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 24th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Hersha Hospitality Trust presently has a consensus rating of “Hold” and a consensus target price of $7.19.

In related news, Director Thomas J. Hutchison III sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 30th. The shares were sold at an average price of $10.92, for a total value of $109,200.00. Following the completion of the sale, the director now owns 108,842 shares of the company’s stock, valued at $1,188,554.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.90% of the company’s stock.

Hersha Hospitality Trust Company Profile

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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

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