Hersha Hospitality Trust (NYSE:HT) COO Neil H. Shah bought 1,110 shares of Hersha Hospitality Trust stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average price of $17.96 per share, with a total value of $19,935.60. Following the completion of the acquisition, the chief operating officer now owns 297,418 shares in the company, valued at approximately $5,341,627.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Hersha Hospitality Trust (NYSE:HT) traded up 0.27% on Friday, reaching $18.59. The company’s stock had a trading volume of 18,193 shares. The company’s 50 day moving average is $18.38 and its 200-day moving average is $18.83. The firm has a market cap of $777.69 million, a price-to-earnings ratio of 8.15 and a beta of 1.38. Hersha Hospitality Trust has a 1-year low of $16.80 and a 1-year high of $22.14.

Hersha Hospitality Trust (NYSE:HT) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.02. Hersha Hospitality Trust had a net margin of 22.77% and a return on equity of 14.78%. The business had revenue of $138 million during the quarter, compared to analyst estimates of $134.55 million. During the same period in the previous year, the business earned $0.89 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that Hersha Hospitality Trust will post $2.23 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank acquired a new stake in Hersha Hospitality Trust during the first quarter worth about $881,000. BNP Paribas Arbitrage SA boosted its stake in Hersha Hospitality Trust by 56.2% in the first quarter. BNP Paribas Arbitrage SA now owns 22,574 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 8,118 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Hersha Hospitality Trust by 76.0% in the first quarter. Bank of New York Mellon Corp now owns 723,546 shares of the real estate investment trust’s stock worth $13,595,000 after buying an additional 312,360 shares during the last quarter. First Trust Advisors LP boosted its stake in Hersha Hospitality Trust by 0.9% in the first quarter. First Trust Advisors LP now owns 133,125 shares of the real estate investment trust’s stock worth $2,501,000 after buying an additional 1,251 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its stake in Hersha Hospitality Trust by 12.3% in the first quarter. IndexIQ Advisors LLC now owns 43,889 shares of the real estate investment trust’s stock worth $825,000 after buying an additional 4,806 shares during the last quarter. 98.54% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on HT shares. ValuEngine upgraded Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. Zacks Investment Research lowered Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub lowered Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus restated a “hold” rating and issued a $20.00 target price on shares of Hersha Hospitality Trust in a report on Wednesday, July 19th. Finally, FBR & Co reduced their target price on Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.86.

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.

Insider Buying and Selling by Quarter for Hersha Hospitality Trust (NYSE:HT)

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