BNP Paribas Arbitrage SA boosted its holdings in Hersha Hospitality Trust (NYSE:HT) by 27.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,471 shares of the real estate investment trust’s stock after purchasing an additional 7,692 shares during the period. BNP Paribas Arbitrage SA owned about 0.09% of Hersha Hospitality Trust worth $715,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Hersha Hospitality Trust by 5.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 678,390 shares of the real estate investment trust’s stock worth $12,747,000 after acquiring an additional 34,048 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Hersha Hospitality Trust in the 1st quarter worth about $276,000. State of Alaska Department of Revenue increased its stake in Hersha Hospitality Trust by 76.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,186 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 3,556 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Hersha Hospitality Trust by 49.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,270 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 4,740 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in Hersha Hospitality Trust by 0.8% in the 2nd 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. 98.59% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on HT. Zacks Investment Research cut Hersha Hospitality Trust from a “hold” rating to a “strong sell” rating in a report on Monday, November 20th. FBR & Co set a $20.00 price objective on Hersha Hospitality Trust and gave the stock a “buy” rating in a report on Monday, August 28th. Robert W. Baird reiterated a “buy” rating and issued a $20.00 price objective on shares of Hersha Hospitality Trust in a report on Friday, September 8th. Stifel Nicolaus restated a “hold” rating and set a $19.00 target price on shares of Hersha Hospitality Trust in a report on Thursday, September 7th. Finally, ValuEngine upgraded Hersha Hospitality Trust from a “hold” rating to a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.60.

In related news, insider Neil H. Shah acquired 5,673 shares of Hersha Hospitality Trust stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $17.48 per share, with a total value of $99,164.04. Following the transaction, the insider now directly owns 305,033 shares in the company, valued at $5,331,976.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Neil H. Shah acquired 7,044 shares of Hersha Hospitality Trust stock in a transaction that occurred on Wednesday, November 1st. The shares were bought at an average cost of $17.44 per share, with a total value of $122,847.36. Following the transaction, the insider now owns 310,692 shares in the company, valued at $5,418,468.48. The disclosure for this purchase can be found here. Insiders bought a total of 21,552 shares of company stock valued at $378,109 in the last three months. Corporate insiders own 8.10% of the company’s stock.

Hersha Hospitality Trust (NYSE HT) traded down $0.02 during midday trading on Tuesday, reaching $17.57. The company’s stock had a trading volume of 370,900 shares, compared to its average volume of 451,392. Hersha Hospitality Trust has a 1-year low of $17.15 and a 1-year high of $22.14. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The stock has a market cap of $731.92, a PE ratio of 8.00, a P/E/G ratio of 2.14 and a beta of 1.34.

COPYRIGHT VIOLATION NOTICE: “Hersha Hospitality Trust (HT) Shares Bought by BNP Paribas Arbitrage SA” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/hersha-hospitality-trust-ht-shares-bought-by-bnp-paribas-arbitrage-sa/1745369.html.

Hersha Hospitality Trust 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.

Want to see what other hedge funds are holding HT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hersha Hospitality Trust (NYSE:HT).

Institutional Ownership by Quarter 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 Analyst Ratings Network's FREE daily email newsletter.