Hersha Hospitality Trust (NYSE:HT) has earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.60.

Several research analysts recently weighed in on the company. Zacks Investment Research downgraded Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. DA Davidson assumed coverage on Hersha Hospitality Trust in a research note on Friday, September 29th. They set a “buy” rating and a $21.00 target price on the stock. BidaskClub upgraded Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. FBR & Co restated a “buy” rating and set a $20.00 target price on shares of Hersha Hospitality Trust in a research note on Friday, October 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $19.00 target price on shares of Hersha Hospitality Trust in a research note on Thursday, October 12th.

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In related news, insider Neil H. Shah acquired 4,165 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was acquired at an average price of $17.93 per share, with a total value of $74,678.45. Following the acquisition, the insider now directly owns 297,418 shares in the company, valued at approximately $5,332,704.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Neil H. Shah acquired 1,667 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average cost of $17.86 per share, with a total value of $29,772.62. Following the acquisition, the chief operating officer now owns 297,418 shares in the company, valued at $5,311,885.48. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 24,219 shares of company stock valued at $427,513. 8.10% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Chicago Equity Partners LLC lifted its holdings in shares of Hersha Hospitality Trust by 404.5% in the 2nd quarter. Chicago Equity Partners LLC now owns 397,897 shares of the real estate investment trust’s stock valued at $7,365,000 after buying an additional 319,022 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Hersha Hospitality Trust by 2.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 462,499 shares of the real estate investment trust’s stock valued at $8,691,000 after buying an additional 12,450 shares during the period. BlackRock Inc. lifted its holdings in shares of Hersha Hospitality Trust by 0.3% in the 2nd quarter. BlackRock Inc. now owns 5,971,382 shares of the real estate investment trust’s stock valued at $110,531,000 after buying an additional 16,158 shares during the period. Legal & General Group Plc lifted its holdings in shares of Hersha Hospitality Trust by 93.0% in the 1st quarter. Legal & General Group Plc now owns 159,835 shares of the real estate investment trust’s stock valued at $3,002,000 after buying an additional 77,030 shares during the period. Finally, Brookfield Asset Management Inc. lifted its holdings in shares of Hersha Hospitality Trust by 11.9% in the 2nd quarter. Brookfield Asset Management Inc. now owns 3,371,560 shares of the real estate investment trust’s stock valued at $62,408,000 after buying an additional 357,835 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

Shares of Hersha Hospitality Trust (HT) traded up $0.27 during mid-day trading on Wednesday, reaching $17.77. The company had a trading volume of 31,329 shares, compared to its average volume of 505,112. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $728.17, a PE ratio of 7.95, a P/E/G ratio of 2.13 and a beta of 1.35.

The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.12 dividend on an annualized basis and a yield of 6.30%. Hersha Hospitality Trust’s dividend payout ratio is currently 52.09%.

Hersha Hospitality Trust Company Profile

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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