Hersha Hospitality Trust (NYSE:HT) insider Neil H. Shah purchased 4,165 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was acquired at an average price of $17.93 per share, for a total transaction of $74,678.45. Following the completion of the transaction, the insider now directly owns 297,418 shares of the company’s stock, valued at approximately $5,332,704.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Hersha Hospitality Trust (NYSE:HT) traded up 1.67% during mid-day trading on Wednesday, hitting $18.26. 519,779 shares of the stock were exchanged. The company has a market cap of $763.89 million, a P/E ratio of 8.01 and a beta of 1.38. The stock’s 50-day moving average price is $18.38 and its 200-day moving average price is $18.92. 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 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. 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 last year, the business posted $0.89 EPS. Hersha Hospitality Trust’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate that Hersha Hospitality Trust will post $2.23 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. increased its stake in Hersha Hospitality Trust by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,503 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 54 shares during the period. State of Alaska Department of Revenue increased its stake in 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 acquired a new stake in Hersha Hospitality Trust during the first quarter worth approximately $179,000. Mason Street Advisors LLC acquired a new stake in Hersha Hospitality Trust during the first quarter worth approximately $184,000. Finally, KCG Holdings Inc. acquired a new stake in Hersha Hospitality Trust during the first quarter worth approximately $200,000. 98.54% of the stock is owned by institutional investors.

HT has been the topic of several recent research reports. ValuEngine downgraded shares of Hersha Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. FBR & Co set a $20.00 price target on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a research report on Monday. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a research report on Wednesday, July 19th. Finally, BidaskClub upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target 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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