Campbell Capital Management Inc. Grows Stock Holdings in Hersha Hospitality Trust (NYSE:HT)


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Campbell Capital Management Inc. raised its holdings in shares of Hersha Hospitality Trust (NYSE:HT) by 65.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,000 shares of the real estate investment trust’s stock after buying an additional 46,000 shares during the period. Campbell Capital Management Inc. owned about 0.30% of Hersha Hospitality Trust worth $1,224,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in Hersha Hospitality Trust by 3.6% during the third quarter. Public Employees Retirement System of Ohio now owns 43,708 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 1,510 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in Hersha Hospitality Trust by 9.1% during the third quarter. State of Tennessee Treasury Department now owns 23,393 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 1,952 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Hersha Hospitality Trust by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 216,845 shares of the real estate investment trust’s stock valued at $1,711,000 after buying an additional 3,096 shares during the last quarter. California Public Employees Retirement System increased its holdings in Hersha Hospitality Trust by 4.4% during the third quarter. California Public Employees Retirement System now owns 81,119 shares of the real estate investment trust’s stock valued at $449,000 after buying an additional 3,400 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Hersha Hospitality Trust by 16.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 28,500 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 4,000 shares during the last quarter. 69.18% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:HT traded up $0.03 during midday trading on Thursday, reaching $10.68. 1,032 shares of the company were exchanged, compared to its average volume of 485,066. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average is $11.07 and its two-hundred day moving average is $8.09. Hersha Hospitality Trust has a one year low of $3.62 and a one year high of $13.05. The stock has a market cap of $417.93 million, a PE ratio of -2.65 and a beta of 2.79.

Hersha Hospitality Trust (NYSE:HT) last released its quarterly earnings data on Tuesday, February 23rd. The real estate investment trust reported ($1.16) EPS for the quarter, missing the Thomson Reuters’ 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 expect that Hersha Hospitality Trust will post -1.7 EPS for the current year.

HT has been the subject of a number of research reports. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $8.00 price target (up from $7.00) on shares of Hersha Hospitality Trust in a research report on Thursday, February 25th. Robert W. Baird reiterated a “hold” rating and issued a $10.00 price target on shares of Hersha Hospitality Trust in a research report on Friday, March 19th. Finally, B. Riley upped their price target on shares of Hersha Hospitality Trust from $8.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, March 4th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $7.19.

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

Hersha Hospitality Trust 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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