Hersha Hospitality Trust (HT) Stake Decreased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its stake in shares of Hersha Hospitality Trust (NYSE:HT) by 11.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 80,970 shares of the real estate investment trust’s stock after selling 10,645 shares during the quarter. Asset Management One Co. Ltd. owned about 0.19% of Hersha Hospitality Trust worth $1,513,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Hersha Hospitality Trust by 0.3% during the 2nd quarter. BlackRock Inc. now owns 5,971,382 shares of the real estate investment trust’s stock valued at $110,531,000 after acquiring an additional 16,158 shares during the period. Brookfield Asset Management Inc. lifted its position in shares of Hersha Hospitality Trust by 11.9% during the 2nd quarter. Brookfield Asset Management Inc. now owns 3,371,560 shares of the real estate investment trust’s stock valued at $62,408,000 after acquiring an additional 357,835 shares during the period. State Street Corp lifted its position in shares of Hersha Hospitality Trust by 9.8% during the 2nd quarter. State Street Corp now owns 1,820,283 shares of the real estate investment trust’s stock valued at $33,697,000 after acquiring an additional 162,545 shares during the period. Northern Trust Corp lifted its position in shares of Hersha Hospitality Trust by 2.1% during the 2nd quarter. Northern Trust Corp now owns 828,119 shares of the real estate investment trust’s stock valued at $15,328,000 after acquiring an additional 16,944 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Hersha Hospitality Trust by 4.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 722,227 shares of the real estate investment trust’s stock valued at $13,484,000 after acquiring an additional 29,014 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Shares of Hersha Hospitality Trust (NYSE:HT) opened at $17.37 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. Hersha Hospitality Trust has a 1 year low of $17.15 and a 1 year high of $21.72. The firm has a market capitalization of $726.09, a price-to-earnings ratio of 7.93, a P/E/G ratio of 2.13 and a beta of 1.34.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, January 5th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.12 annualized dividend and a dividend yield of 6.45%. Hersha Hospitality Trust’s dividend payout ratio is currently 52.09%.

A number of analysts have recently weighed in on HT shares. Zacks Investment Research downgraded Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective on shares of Hersha Hospitality Trust in a research report on Thursday, September 7th. DA Davidson began coverage on 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. B. Riley restated a “buy” rating on shares of Hersha Hospitality Trust in a research report on Wednesday, November 1st. Finally, Robert W. Baird restated a “buy” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a research report on Friday, September 8th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Hersha Hospitality Trust has a consensus rating of “Hold” and an average price target of $19.40.

In other news, COO Neil H. Shah bought 2,823 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was purchased at an average cost of $17.71 per share, for a total transaction of $49,995.33. Following the completion of the transaction, the chief operating officer now owns 305,033 shares of the company’s stock, valued at $5,402,134.43. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Neil H. Shah bought 2,850 shares of the company’s stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $17.54 per share, with a total value of $49,989.00. Following the completion of the transaction, the insider now directly owns 316,352 shares of the company’s stock, valued at approximately $5,548,814.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 19,815 shares of company stock valued at $346,990. 8.10% of the stock is owned by corporate insiders.

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Hersha Hospitality Trust 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.

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

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