Pacad Investment Ltd. lessened its position in shares of Hersha Hospitality Trust (NYSE:HT) by 18.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,700 shares of the real estate investment trust’s stock after selling 1,920 shares during the period. Pacad Investment Ltd.’s holdings in Hersha Hospitality Trust were worth $161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Hersha Hospitality Trust by 8.7% during the 1st quarter. Vanguard Group Inc. now owns 7,032,015 shares of the real estate investment trust’s stock worth $132,132,000 after buying an additional 561,377 shares during the last quarter. BlackRock Inc. lifted its position in shares of Hersha Hospitality Trust by 10,630.7% during the 1st quarter. BlackRock Inc. now owns 5,955,224 shares of the real estate investment trust’s stock worth $111,899,000 after buying an additional 5,899,727 shares during the last quarter. Brookfield Asset Management Inc. lifted its position in shares of Hersha Hospitality Trust by 30.6% during the 1st quarter. Brookfield Asset Management Inc. now owns 3,013,725 shares of the real estate investment trust’s stock worth $56,628,000 after buying an additional 705,256 shares during the last quarter. State Street Corp lifted its position in shares of Hersha Hospitality Trust by 22.1% during the 1st quarter. State Street Corp now owns 1,657,738 shares of the real estate investment trust’s stock worth $31,153,000 after buying an additional 300,195 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Hersha Hospitality Trust by 76.0% during the 1st 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. Institutional investors own 98.54% of the company’s stock.

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Shares of Hersha Hospitality Trust (HT) opened at 18.25 on Friday. The company has a 50-day moving average of $18.30 and a 200 day moving average of $18.65. The stock has a market cap of $763.47 million, a P/E ratio of 8.00 and a beta of 1.38. Hersha Hospitality Trust has a 52-week low of $16.80 and a 52-week high of $22.14.

Hersha Hospitality Trust (NYSE:HT) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). Hersha Hospitality Trust had a return on equity of 14.78% and a net margin of 22.77%. The company had revenue of $138.00 million for the quarter, compared to analyst estimates of $134.55 million. During the same period in the previous year, the business posted $0.89 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Hersha Hospitality Trust will post $2.23 EPS for the current fiscal year.

In other Hersha Hospitality Trust news, insider Neil H. Shah acquired 4,165 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was purchased at an average price of $17.93 per share, with a total value of $74,678.45. Following the completion of the acquisition, the insider now directly owns 297,418 shares in the company, valued at approximately $5,332,704.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Neil H. Shah acquired 1,400 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was acquired at an average cost of $18.00 per share, with a total value of $25,200.00. Following the acquisition, the chief operating officer now owns 296,308 shares of the company’s stock, valued at $5,333,544. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 10,079 shares of company stock valued at $180,706. 8.10% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on HT shares. Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective on shares of Hersha Hospitality Trust in a research report on Thursday, September 7th. FBR & Co reduced their price objective on shares of Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, July 27th. Robert W. Baird restated a “buy” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a research report on Friday, September 8th. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, ValuEngine upgraded shares of Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Hersha Hospitality Trust presently has a consensus rating of “Hold” and an average target price of $19.75.

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.

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Institutional Ownership by Quarter for Hersha Hospitality Trust (NYSE:HT)

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