GSA Capital Partners LLP cut its position in Hersha Hospitality Trust (NYSE:HT) by 19.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,993 shares of the real estate investment trust’s stock after selling 8,369 shares during the quarter. GSA Capital Partners LLP owned 0.08% of Hersha Hospitality Trust worth $653,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HT. Pinebridge Investments L.P. increased its position in Hersha Hospitality Trust by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,503 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 54 shares in the last quarter. M&T Bank Corp increased its position in Hersha Hospitality Trust by 1.1% during the 2nd quarter. M&T Bank Corp now owns 28,042 shares of the real estate investment trust’s stock worth $519,000 after purchasing an additional 298 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Hersha Hospitality Trust by 0.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 276,497 shares of the real estate investment trust’s stock worth $5,118,000 after purchasing an additional 926 shares in the last quarter. Thrivent Financial For Lutherans increased its position in Hersha Hospitality Trust by 4.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 37,836 shares of the real estate investment trust’s stock worth $700,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in Hersha Hospitality Trust by 5.2% during the 2nd quarter. Voya Investment Management LLC now owns 37,175 shares of the real estate investment trust’s stock worth $688,000 after purchasing an additional 1,850 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

Shares of Hersha Hospitality Trust (HT) opened at $17.40 on Friday. Hersha Hospitality Trust has a 1-year low of $17.15 and a 1-year high of $21.67. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The firm has a market cap of $724.01, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 2.13 and a beta of 1.34.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend is Thursday, January 4th. Hersha Hospitality Trust’s payout ratio is 52.09%.

In other news, insider Neil H. Shah acquired 2,850 shares of Hersha Hospitality Trust stock in a transaction dated Monday, November 6th. The shares were bought at an average cost of $17.54 per share, with a total value of $49,989.00. Following the purchase, the insider now owns 316,352 shares in the company, valued at approximately $5,548,814.08. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Neil H. Shah acquired 7,044 shares of Hersha Hospitality Trust stock in a transaction dated Wednesday, November 1st. The stock was purchased at an average cost of $17.44 per share, for a total transaction of $122,847.36. Following the completion of the purchase, the insider now owns 310,692 shares in the company, valued at approximately $5,418,468.48. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 19,815 shares of company stock worth $346,990. Insiders own 8.10% of the company’s stock.

A number of equities analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating on shares of Hersha Hospitality Trust in a research report on Wednesday, November 1st. DA Davidson assumed coverage on shares of Hersha Hospitality Trust in a research report on Friday, September 29th. They set a “buy” rating and a $21.00 price objective for the company. Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price objective on shares of Hersha Hospitality Trust in a research report on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Hersha Hospitality Trust in a report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.40.

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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.

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

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