15,877 Shares in Hersha Hospitality Trust (HT) Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new position in shares of Hersha Hospitality Trust (NYSE:HT) during the second quarter, according to its most recent disclosure with the SEC. The firm acquired 15,877 shares of the real estate investment trust’s stock, valued at approximately $294,000.

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of 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 in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Hersha Hospitality Trust by 61.3% in the second quarter. Fisher Asset Management LLC now owns 48,491 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 18,424 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Hersha Hospitality Trust by 265.5% in the first quarter. Nuveen Asset Management LLC now owns 566,490 shares of the real estate investment trust’s stock worth $10,644,000 after buying an additional 411,508 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake 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 worth $945,000 after buying an additional 403 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Hersha Hospitality Trust during the first quarter worth $276,000. 96.55% of the stock is owned by institutional investors.

Shares of Hersha Hospitality Trust (HT) opened at 18.10 on Friday. Hersha Hospitality Trust has a 1-year low of $16.80 and a 1-year high of $22.14. The company has a market capitalization of $757.20 million, a price-to-earnings ratio of 7.94 and a beta of 1.38. The stock has a 50 day moving average price of $18.41 and a 200 day moving average price of $18.99.

Hersha Hospitality Trust (NYSE:HT) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $138 million for the quarter, compared to the consensus estimate of $134.55 million. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Analysts forecast that Hersha Hospitality Trust will post $2.23 earnings per share for the current year.

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HT has been the subject of several research analyst reports. BidaskClub raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. FBR & Co cut their price objective on Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, July 27th. Zacks Investment Research raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Stifel Nicolaus reissued a “hold” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a research report on Wednesday, July 19th. Finally, ValuEngine cut Hersha Hospitality Trust from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $20.00.

In other Hersha Hospitality Trust news, COO Neil H. Shah purchased 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, July 11th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $25,200.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.10% of the company’s stock.

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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