Public Employees Retirement System of Ohio boosted its holdings in Hersha Hospitality Trust (NYSE:HT) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,455 shares of the real estate investment trust’s stock after acquiring an additional 12,493 shares during the quarter. Public Employees Retirement System of Ohio owned 0.25% of Hersha Hospitality Trust worth $1,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quantamental Technologies LLC acquired a new position in shares of Hersha Hospitality Trust during the 4th quarter valued at $131,000. Municipal Employees Retirement System of Michigan acquired a new position in shares of Hersha Hospitality Trust during the 4th quarter valued at $184,000. AQR Capital Management LLC acquired a new position in shares of Hersha Hospitality Trust during the 3rd quarter valued at $203,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Hersha Hospitality Trust during the 4th quarter valued at $242,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Hersha Hospitality Trust during the 3rd quarter valued at $262,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Several equities analysts have recently issued reports on the company. Deutsche Bank reiterated a “hold” rating and set a $18.00 price target on shares of Hersha Hospitality Trust in a research report on Thursday, February 28th. Zacks Investment Research cut Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. ValuEngine cut Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Janney Montgomery Scott upgraded Hersha Hospitality Trust from a “neutral” rating to a “buy” rating in a research report on Thursday, December 20th. Finally, Raymond James cut Hersha Hospitality Trust from a “mkt perform” rating to an “underperform” rating in a research report on Tuesday, January 8th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.31.

Shares of Hersha Hospitality Trust stock opened at $18.12 on Thursday. The firm has a market capitalization of $690.44 million, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.84 and a beta of 1.42. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.09. Hersha Hospitality Trust has a 12 month low of $16.50 and a 12 month high of $24.16.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.12 annualized dividend and a dividend yield of 6.18%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is presently 50.91%.

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Hersha Hospitality Trust Company Profile

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

Read More: Cost of equity and a company’s balance sheet

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

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