KBC Group NV trimmed its stake in Hersha Hospitality Trust (NYSE:HT) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,607 shares of the real estate investment trust’s stock after selling 4,555 shares during the period. KBC Group NV owned 0.17% of Hersha Hospitality Trust worth $1,186,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in shares of Hersha Hospitality Trust in the 4th quarter worth $131,000. AQR Capital Management LLC bought a new position in Hersha Hospitality Trust in the 3rd quarter worth $203,000. Dynamic Technology Lab Private Ltd bought a new position in Hersha Hospitality Trust in the 3rd quarter worth $262,000. United Services Automobile Association bought a new position in Hersha Hospitality Trust in the 2nd quarter worth $253,000. Finally, Jane Street Group LLC bought a new position in Hersha Hospitality Trust in the 3rd quarter worth $292,000. Hedge funds and other institutional investors own 97.76% of the company’s stock.
HT opened at $18.05 on Wednesday. Hersha Hospitality Trust has a 52 week low of $16.50 and a 52 week high of $24.16. The stock has a market cap of $717.51 million, a price-to-earnings ratio of 8.36, a P/E/G ratio of 1.84 and a beta of 1.43. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.09.
In related news, Director Thomas J. Hutchison III sold 10,000 shares of the stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $16.94, for a total value of $169,400.00. Following the completion of the transaction, the director now owns 75,510 shares of the company’s stock, valued at approximately $1,279,139.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Neil H. Shah purchased 3,000 shares of the stock in a transaction that occurred on Friday, December 21st. The stock was acquired at an average cost of $16.84 per share, with a total value of $50,520.00. Following the acquisition, the insider now owns 326,752 shares in the company, valued at approximately $5,502,503.68. The disclosure for this purchase can be found here. 10.30% of the stock is owned by corporate insiders.
Several research analysts recently weighed in on HT shares. Robert W. Baird set a $20.00 target price on shares of Hersha Hospitality Trust and gave the stock a “hold” rating in a report on Thursday, October 25th. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. B. Riley set a $19.00 price objective on shares of Hersha Hospitality Trust and gave the company a “hold” rating in a report on Thursday, October 25th. Janney Montgomery Scott raised shares of Hersha Hospitality Trust from a “neutral” rating to a “buy” rating in a report on Thursday, December 20th. Finally, Wells Fargo & Co downgraded shares of Hersha Hospitality Trust from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $17.50 to $16.75 in a report on Monday, December 10th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.42.
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Hersha Hospitality Trust Profile
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 7,730 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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