Hersha Hospitality Trust (NYSE:HT)‘s stock had its “hold” rating reissued by investment analysts at Stifel Nicolaus in a report issued on Thursday. They presently have a $19.00 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ target price suggests a potential upside of 5.67% from the stock’s previous close.

Several other research firms also recently issued reports on HT. FBR & Co dropped their price target on Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, July 27th. Zacks Investment Research cut Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. ValuEngine upgraded Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. Finally, BidaskClub cut 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, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.71.

Shares of Hersha Hospitality Trust (HT) traded down 0.55% on Thursday, reaching $17.98. The company’s stock had a trading volume of 448,338 shares. The company has a market cap of $752.18 million, a P/E ratio of 7.89 and a beta of 1.38. Hersha Hospitality Trust has a 52-week low of $16.80 and a 52-week high of $22.14. The company has a 50 day moving average price of $18.32 and a 200 day moving average price of $18.73.

Hersha Hospitality Trust (NYSE:HT) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $138 million during the quarter, compared to analyst estimates of $134.55 million. During the same period in the prior year, the business earned $0.89 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Hersha Hospitality Trust will post $2.23 earnings per share for the current fiscal year.

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In other Hersha Hospitality Trust news, COO Neil H. Shah purchased 1,667 shares of Hersha Hospitality Trust stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $17.86 per share, for a total transaction of $29,772.62. Following the completion of the acquisition, the chief operating officer now owns 297,418 shares of the company’s stock, valued at approximately $5,311,885.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Neil H. Shah purchased 1,400 shares of Hersha Hospitality Trust stock in a transaction that occurred on Tuesday, July 11th. The shares were acquired at an average price of $18.00 per share, with a total value of $25,200.00. Following the acquisition, the chief operating officer now directly owns 296,308 shares of the company’s stock, valued at approximately $5,333,544. The disclosure for this purchase can be found here. Insiders bought a total of 8,342 shares of company stock valued at $149,587 in the last 90 days. 8.10% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. grew its holdings in Hersha Hospitality Trust by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 5,503 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 54 shares during the period. Texas Permanent School Fund grew its holdings in Hersha Hospitality Trust by 0.8% during the second quarter. Texas Permanent School Fund now owns 30,498 shares of the real estate investment trust’s stock worth $565,000 after purchasing an additional 255 shares during the period. M&T Bank Corp grew its holdings in Hersha Hospitality Trust by 1.1% during the second quarter. M&T Bank Corp now owns 28,042 shares of the real estate investment trust’s stock worth $519,000 after purchasing an additional 298 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Hersha Hospitality Trust by 0.8% during 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 purchasing an additional 403 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in Hersha Hospitality Trust by 0.5% during the first quarter. Asset Management One Co. Ltd. now owns 95,155 shares of the real estate investment trust’s stock worth $1,775,000 after purchasing an additional 473 shares during the period. Institutional investors and hedge funds own 98.54% 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.

Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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