Neil H. Shah Buys 2,823 Shares of Hersha Hospitality Trust (HT) Stock

Hersha Hospitality Trust (NYSE:HT) COO Neil H. Shah acquired 2,823 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was acquired at an average cost of $17.71 per share, for a total transaction of $49,995.33. Following the acquisition, the chief operating officer now owns 305,033 shares of the company’s stock, valued at approximately $5,402,134.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hersha Hospitality Trust (NYSE HT) opened at 17.69 on Wednesday. The stock has a market cap of $740.04 million, a P/E ratio of 7.76 and a beta of 1.39. The firm’s 50-day moving average is $18.55 and its 200 day moving average is $18.58. Hersha Hospitality Trust has a one year low of $16.80 and a one year high of $22.14.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.28 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.12 annualized dividend and a yield of 6.33%. Hersha Hospitality Trust’s dividend payout ratio is presently 52.09%.

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A number of institutional investors have recently added to or reduced their stakes in HT. BlackRock Inc. boosted its position in Hersha Hospitality Trust by 10,630.7% in the 1st quarter. BlackRock Inc. now owns 5,955,224 shares of the real estate investment trust’s stock worth $111,899,000 after purchasing an additional 5,899,727 shares in the last quarter. Vanguard Group Inc. boosted its position in Hersha Hospitality Trust by 8.7% in the 1st quarter. Vanguard Group Inc. now owns 7,032,015 shares of the real estate investment trust’s stock worth $132,132,000 after purchasing an additional 561,377 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Hersha Hospitality Trust by 265.5% in the 1st quarter. Nuveen Asset Management LLC now owns 566,490 shares of the real estate investment trust’s stock worth $10,644,000 after purchasing an additional 411,508 shares in the last quarter. Brookfield Asset Management Inc. boosted its position in Hersha Hospitality Trust by 11.9% in the 2nd quarter. Brookfield Asset Management Inc. now owns 3,371,560 shares of the real estate investment trust’s stock worth $62,408,000 after purchasing an additional 357,835 shares in the last quarter. Finally, Morgan Stanley boosted its position in Hersha Hospitality Trust by 269.6% in the 1st quarter. Morgan Stanley now owns 454,552 shares of the real estate investment trust’s stock worth $8,543,000 after purchasing an additional 331,554 shares in the last quarter. Institutional investors and hedge funds own 98.01% of the company’s stock.

A number of research firms recently issued reports on HT. Robert W. Baird reissued a “buy” rating and issued a $20.00 price objective on shares of Hersha Hospitality Trust in a report on Thursday, October 12th. DA Davidson began coverage on shares of Hersha Hospitality Trust in a report on Friday, September 29th. They issued a “buy” rating and a $21.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Hersha Hospitality Trust from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Friday, October 27th. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Finally, BidaskClub downgraded shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Hersha Hospitality Trust currently has an average rating of “Hold” and a consensus price target of $19.60.

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.

Insider Buying and Selling by Quarter for Hersha Hospitality Trust (NYSE:HT)

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