Hersha Hospitality Trust (HT) Insider Purchases $24,930.00 in Stock
Hersha Hospitality Trust (NYSE:HT) insider Neil H. Shah bought 1,385 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was bought at an average cost of $18.00 per share, with a total value of $24,930.00. Following the completion of the acquisition, the insider now owns 290,558 shares of the company’s stock, valued at approximately $5,230,044. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Hersha Hospitality Trust (NYSE:HT) opened at 18.79 on Wednesday. Hersha Hospitality Trust has a one year low of $15.36 and a one year high of $25.63. The firm has a 50 day moving average of $19.13 and a 200-day moving average of $19.18. The firm has a market cap of $797.20 million, a price-to-earnings ratio of 7.84 and a beta of 1.43.
Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings results on Thursday, July 28th. The real estate investment trust reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The company earned $127.70 million during the quarter, compared to analyst estimates of $130.11 million. Hersha Hospitality Trust had a net margin of 24.39% and a return on equity of 15.88%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. Equities research analysts forecast that Hersha Hospitality Trust will post $2.48 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in HT. Susquehanna International Group LLP increased its stake in Hersha Hospitality Trust by 25.2% in the fourth quarter. Susquehanna International Group LLP now owns 52,146 shares of the real estate investment trust’s stock worth $1,135,000 after buying an additional 10,492 shares during the last quarter. Norges Bank acquired a new stake in Hersha Hospitality Trust during the fourth quarter worth approximately $9,826,000. Spirit of America Management Corp NY increased its stake in Hersha Hospitality Trust by 11.4% in the first quarter. Spirit of America Management Corp NY now owns 89,100 shares of the real estate investment trust’s stock worth $1,901,000 after buying an additional 9,100 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Hersha Hospitality Trust by 312.1% in the first quarter. Glenmede Trust Co. NA now owns 77,220 shares of the real estate investment trust’s stock worth $1,647,000 after buying an additional 58,480 shares during the last quarter. Finally, Sanders Morris Harris Inc. acquired a new stake in Hersha Hospitality Trust during the first quarter worth approximately $1,372,000.
A number of brokerages have recently weighed in on HT. RBC Capital Markets reissued a “sector perform” rating and set a $21.00 price objective (down from $23.00) on shares of Hersha Hospitality Trust in a research note on Wednesday, August 10th. Royal Bank Of Canada dropped their price objective on shares of Hersha Hospitality Trust from $23.00 to $21.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 9th. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Canaccord Genuity reissued a “hold” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a research note on Friday, July 29th. Finally, Deutsche Bank AG dropped their price objective on shares of Hersha Hospitality Trust from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Friday, July 29th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Hersha Hospitality Trust currently has a consensus rating of “Hold” and a consensus target price of $22.00.
About Hersha Hospitality Trust
Hersha Hospitality Trust is a real estate investment trust. The Company operates through investment in hotel properties segment. It invests in institutional grade hotels in urban gateway markets, including New York, Washington District of Columbia (DC), Boston, Philadelphia, South Florida and select markets on the West Coast.
Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.