Shell Asset Management Co. continued to hold its position in shares of Hersha Hospitality Trust (NYSE:HT) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 44,985 shares of the real estate investment trust’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Hersha Hospitality Trust were worth $833,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its position in shares of Hersha Hospitality Trust by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 50,302 shares of the real estate investment trust’s stock valued at $945,000 after buying an additional 403 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Hersha Hospitality Trust by 0.5% in the first quarter. Asset Management One Co. Ltd. now owns 95,155 shares of the real estate investment trust’s stock valued at $1,775,000 after buying an additional 473 shares during the period. First Trust Advisors LP raised its position in shares of 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 valued at $2,501,000 after buying an additional 1,251 shares during the period. American International Group Inc. raised its position in shares of Hersha Hospitality Trust by 7.0% in the first quarter. American International Group Inc. now owns 25,483 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 1,668 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Hersha Hospitality Trust by 1.5% in the first quarter. California Public Employees Retirement System now owns 132,243 shares of the real estate investment trust’s stock valued at $2,485,000 after buying an additional 1,900 shares during the period. 96.55% of the stock is owned by institutional investors.

Shares of Hersha Hospitality Trust (NYSE HT) opened at 18.13 on Friday. Hersha Hospitality Trust has a 12 month low of $16.80 and a 12 month high of $22.14. The company has a market capitalization of $758.45 million, a PE ratio of 7.95 and a beta of 1.38. The firm’s 50-day moving average is $18.55 and its 200 day moving average is $19.09.

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

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend was Wednesday, June 28th. Hersha Hospitality Trust’s payout ratio is 48.70%.

ILLEGAL ACTIVITY WARNING: “Shell Asset Management Co. Has $833,000 Stake in Hersha Hospitality Trust (NYSE:HT)” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.watchlistnews.com/shell-asset-management-co-has-833000-stake-in-hersha-hospitality-trust-nyseht/1471994.html.

HT has been the topic of several research reports. JMP Securities cut shares of Hersha Hospitality Trust from an “outperform” rating to a “market perform” rating and set a $23.00 price objective on the stock. in a research report on Monday, May 1st. They noted that the move was a valuation call. Stifel Nicolaus cut their price objective on shares of Hersha Hospitality Trust from $20.50 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, April 26th. ValuEngine raised shares of Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. FBR & Co cut their price objective on shares of Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Hersha Hospitality Trust presently has an average rating of “Hold” and a consensus target price of $20.00.

In related news, COO Neil H. Shah purchased 1,400 shares of Hersha Hospitality Trust stock in a transaction on Tuesday, July 11th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $25,200.00. Following the completion of the acquisition, the chief operating officer now owns 296,308 shares of the company’s stock, valued at approximately $5,333,544. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.

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.