Hersha Hospitality Trust (NYSE:HT) has been given an average rating of “Hold” by the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $21.00.

Several equities analysts have commented on HT shares. Zacks Investment Research lowered Hersha Hospitality Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine lowered Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Deutsche Bank set a $19.00 price objective on Hersha Hospitality Trust and gave the company a “hold” rating in a research report on Thursday, October 25th. B. Riley set a $19.00 price objective on Hersha Hospitality Trust and gave the company a “hold” rating in a research report on Thursday, October 25th. Finally, Robert W. Baird set a $20.00 price objective on Hersha Hospitality Trust and gave the company a “hold” rating in a research report on Thursday, October 25th.

In related news, Chairman Hasu P. Shah purchased 1,750 shares of the stock in a transaction dated Friday, November 2nd. The stock was purchased at an average price of $17.25 per share, with a total value of $30,187.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Hasu P. Shah purchased 1,450 shares of the stock in a transaction dated Monday, October 29th. The stock was bought at an average cost of $17.25 per share, with a total value of $25,012.50. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 13,500 shares of company stock valued at $233,860. 10.30% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in Hersha Hospitality Trust in the 2nd quarter worth about $151,000. Commonwealth Bank of Australia raised its position in Hersha Hospitality Trust by 72.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 7,920 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 3,320 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in Hersha Hospitality Trust in the 2nd quarter worth about $184,000. 6 Meridian purchased a new position in Hersha Hospitality Trust in the 2nd quarter worth about $202,000. Finally, AQR Capital Management LLC purchased a new position in Hersha Hospitality Trust in the 3rd quarter worth about $203,000. 98.20% of the stock is owned by hedge funds and other institutional investors.

Hersha Hospitality Trust stock traded up $0.18 on Thursday, hitting $18.96. 567,200 shares of the stock traded hands, compared to its average volume of 423,674. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $740.38 million, a P/E ratio of 8.78, a P/E/G ratio of 2.06 and a beta of 1.54. Hersha Hospitality Trust has a 1 year low of $16.60 and a 1 year high of $24.16.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $127.88 million during the quarter, compared to analyst estimates of $134.82 million. Analysts predict that Hersha Hospitality Trust will post 1.92 earnings per share for the current year.

About Hersha Hospitality Trust

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,730 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

Recommended Story: How much money do you need to begin day trading?

Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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 MarketBeat.com's FREE daily email newsletter.