Zacks Investment Research lowered shares of Hersha Hospitality Trust (NYSE:HT) from a buy rating to a hold rating in a research report report published on Tuesday morning. They currently have $24.00 price objective on the real estate investment trust’s stock.

According to Zacks, “Hersha Hospitality Trust is an entrepreneurial, high-growth real estate development and management company focussed on the hospitality industry. Hersha currently owns, operates, and develops a portfolio of hotels and assisted living facilities in the mid-Atlantic region of the United States. (PRESS RELEASE) “

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus boosted their target price on Hersha Hospitality Trust from $20.50 to $22.00 and gave the stock a hold rating in a report on Tuesday, June 26th. DA Davidson boosted their target price on Hersha Hospitality Trust from $21.00 to $24.00 and gave the stock a buy rating in a report on Friday, June 22nd. B. Riley downgraded Hersha Hospitality Trust from a buy rating to a neutral rating and set a $20.00 price target on the stock. in a report on Thursday, April 26th. Jefferies Financial Group assumed coverage on Hersha Hospitality Trust in a report on Thursday, May 31st. They set a hold rating and a $22.00 price target on the stock. Finally, Raymond James downgraded Hersha Hospitality Trust to a hold rating in a report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $20.78.

Hersha Hospitality Trust stock traded up $0.08 during mid-day trading on Tuesday, hitting $21.99. The company had a trading volume of 4,509 shares, compared to its average volume of 451,061. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.07. Hersha Hospitality Trust has a 12 month low of $16.60 and a 12 month high of $22.57. The company has a market capitalization of $847.07 million, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.19 and a beta of 1.33.

Hersha Hospitality Trust (NYSE:HT) last released its earnings results on Tuesday, July 24th. The real estate investment trust reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.12. Hersha Hospitality Trust had a negative return on equity of 0.58% and a negative net margin of 2.74%. The business had revenue of $133.84 million for the quarter, compared to the consensus estimate of $135.57 million. equities research analysts predict that Hersha Hospitality Trust will post 1.98 EPS for the current year.

Several large investors have recently made changes to their positions in HT. SG Americas Securities LLC purchased a new stake in Hersha Hospitality Trust during the first quarter valued at $113,000. Tower Research Capital LLC TRC purchased a new stake in Hersha Hospitality Trust during the second quarter valued at $151,000. Commonwealth Bank of Australia increased its position in Hersha Hospitality Trust by 72.2% during the second quarter. Commonwealth Bank of Australia now owns 7,920 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 3,320 shares during the last quarter. Pensionfund Sabic purchased a new stake in Hersha Hospitality Trust during the second quarter valued at $172,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Hersha Hospitality Trust during the second quarter valued at $184,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

About Hersha Hospitality Trust

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,653 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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