Public Employees Retirement Association of Colorado maintained its stake in Hersha Hospitality Trust (NYSE:HT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,597 shares of the real estate investment trust’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in Hersha Hospitality Trust were worth $307,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in HT. ProShare Advisors LLC acquired a new stake in Hersha Hospitality Trust during the first quarter valued at approximately $108,000. State of Alaska Department of Revenue boosted its stake in shares of Hersha Hospitality Trust by 76.8% in the second quarter. State of Alaska Department of Revenue now owns 8,186 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 3,556 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Hersha Hospitality Trust during the first quarter worth approximately $179,000. Mason Street Advisors LLC purchased a new stake in shares of Hersha Hospitality Trust during the first quarter worth approximately $184,000. Finally, KCG Holdings Inc. purchased a new stake in shares of Hersha Hospitality Trust during the first quarter worth approximately $200,000. 98.54% of the stock is owned by institutional investors and hedge funds.

Shares of Hersha Hospitality Trust (NYSE HT) opened at 18.26 on Thursday. Hersha Hospitality Trust has a 52 week low of $16.80 and a 52 week high of $22.14. The firm has a market cap of $763.89 million, a PE ratio of 8.01 and a beta of 1.38. The firm has a 50-day moving average price of $18.38 and a 200-day moving average price of $18.92.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The firm had revenue of $138 million during the quarter, compared to analysts’ expectations of $134.55 million. Hersha Hospitality Trust had a return on equity of 14.78% and a net margin of 22.77%. Hersha Hospitality Trust’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. On average, equities research analysts predict that Hersha Hospitality Trust will post $2.23 earnings per share for the current year.

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A number of equities research analysts have commented on HT shares. Zacks Investment Research raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. ValuEngine cut Hersha Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price objective on shares of Hersha Hospitality Trust in a research note on Wednesday, July 19th. FBR & Co reduced their price objective on Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, July 27th. Finally, BidaskClub cut Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.86.

In related news, COO Neil H. Shah acquired 1,400 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were purchased at an average cost of $18.00 per share, with a total value of $25,200.00. Following the completion of the acquisition, the chief operating officer now directly owns 296,308 shares of the company’s stock, valued at $5,333,544. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Neil H. Shah acquired 4,165 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were bought at an average cost of $17.93 per share, for a total transaction of $74,678.45. Following the completion of the acquisition, the insider now directly owns 297,418 shares of the company’s stock, valued at $5,332,704.74. The disclosure for this purchase can be found here. Insiders have bought 8,342 shares of company stock worth $149,587 over the last three months. Corporate insiders own 8.10% of the company’s stock.

About Hersha Hospitality Trust

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.

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

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