A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank reissued a hold rating and issued a $14.00 price target on shares of Hersha Hospitality Trust in a research note on Tuesday, November 12th. BMO Capital Markets reaffirmed a sell rating and set a $12.50 price objective on shares of Hersha Hospitality Trust in a research report on Wednesday, November 6th. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a buy rating to a hold rating in a report on Tuesday, October 22nd. Barclays restated a sell rating and set a $14.00 price target on shares of Hersha Hospitality Trust in a research note on Friday, November 22nd. Finally, Wells Fargo & Co lowered their price target on Hersha Hospitality Trust from $13.50 to $12.50 and set an underperform rating for the company in a research report on Friday, October 18th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Hersha Hospitality Trust has an average rating of Hold and a consensus target price of $14.67.
NYSE:HT opened at $13.94 on Tuesday. Hersha Hospitality Trust has a 52 week low of $13.00 and a 52 week high of $20.38. The stock’s fifty day moving average is $14.05 and its two-hundred day moving average is $15.35. The company has a market capitalization of $547.50 million, a P/E ratio of 6.34, a P/E/G ratio of 2.04 and a beta of 1.30. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.28.
In related news, CEO Jay H. Shah acquired 3,571 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was acquired at an average price of $13.90 per share, for a total transaction of $49,652.61. Following the purchase, the chief executive officer now owns 301,771 shares of the company’s stock, valued at approximately $4,195,944.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Jay H. Shah acquired 73,578 shares of the stock in a transaction dated Wednesday, October 9th. The shares were bought at an average cost of $40.46 per share, with a total value of $2,976,965.88. Insiders purchased 93,887 shares of company stock valued at $3,238,239 in the last 90 days. Company insiders own 11.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of HT. Quantamental Technologies LLC acquired a new stake in shares of Hersha Hospitality Trust in the 2nd quarter valued at $61,000. Bank of Montreal Can raised its stake in Hersha Hospitality Trust by 121.9% in the second quarter. Bank of Montreal Can now owns 5,126 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 2,816 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Hersha Hospitality Trust by 187.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,595 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 6,254 shares during the last quarter. Pathstone Family Office LLC acquired a new position in shares of Hersha Hospitality Trust during the 2nd quarter worth about $174,000. Finally, Ellington Management Group LLC acquired a new position in shares of Hersha Hospitality Trust during the 2nd quarter worth about $184,000. Institutional investors own 93.23% of the company’s stock.
Hersha Hospitality Trust Company Profile
Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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