Zacks Investment Research downgraded shares of Hersha Hospitality Trust (NYSE:HT) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning.

According to Zacks, “Hersha Hospitality Trust is an entrepreneurial, high-growth real estate development and management company focussed on the hospitality industry. Hersha currently owns, operates, and develops a portfolio of hotels and assisted living facilities in the mid-Atlantic region of the United States. (PRESS RELEASE) “

A number of other analysts also recently weighed in on HT. B. Riley restated a buy rating on shares of Hersha Hospitality Trust in a research note on Wednesday, November 1st. FBR & Co restated a buy rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a research note on Friday, October 27th. Wells Fargo & Company decreased their price target on Hersha Hospitality Trust from $18.00 to $17.00 and set a market perform rating on the stock in a research note on Friday, October 27th. Robert W. Baird restated a buy rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a research note on Thursday, October 12th. Finally, Stifel Nicolaus restated a hold rating and issued a $19.00 price target on shares of Hersha Hospitality Trust in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $19.60.

Shares of Hersha Hospitality Trust (HT) traded down $0.13 during mid-day trading on Monday, hitting $17.35. The company’s stock had a trading volume of 306,700 shares, compared to its average volume of 456,406. Hersha Hospitality Trust has a one year low of $17.15 and a one year high of $22.14. The stock has a market cap of $721.93, a P/E ratio of 7.95, a P/E/G ratio of 2.13 and a beta of 1.35. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.10.

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In other news, insider Neil H. Shah bought 2,850 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $17.54 per share, for a total transaction of $49,989.00. Following the completion of the transaction, the insider now owns 316,352 shares in the company, valued at $5,548,814.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Neil H. Shah bought 4,165 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were purchased at an average price of $17.93 per share, for a total transaction of $74,678.45. Following the completion of the transaction, the insider now owns 297,418 shares of the company’s stock, valued at approximately $5,332,704.74. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 28,494 shares of company stock worth $502,496. 8.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. raised its holdings in shares of Hersha Hospitality Trust by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,503 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 54 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of Hersha Hospitality Trust by 0.8% in the second quarter. Texas Permanent School Fund now owns 30,498 shares of the real estate investment trust’s stock worth $565,000 after acquiring an additional 255 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Hersha Hospitality Trust by 1.1% in the second quarter. M&T Bank Corp now owns 28,042 shares of the real estate investment trust’s stock worth $519,000 after acquiring an additional 298 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Hersha Hospitality Trust by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 50,302 shares of the real estate investment trust’s stock worth $945,000 after acquiring an additional 403 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Hersha Hospitality Trust by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 276,497 shares of the real estate investment trust’s stock worth $5,118,000 after acquiring an additional 926 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

About Hersha Hospitality Trust

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.

Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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