Hersha Hospitality Trust (NYSE:HT)‘s stock had its “buy” rating reaffirmed by investment analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $20.00 price target on the real estate investment trust’s stock. Robert W. Baird’s target price would suggest a potential upside of 11.11% from the company’s current price.

Several other research analysts also recently weighed in on HT. ValuEngine upgraded Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, May 19th. Zacks Investment Research downgraded Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub downgraded Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a report on Wednesday, July 19th. Finally, FBR & Co cut their price target on Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Hersha Hospitality Trust presently has an average rating of “Hold” and an average price target of $19.75.

Hersha Hospitality Trust (NYSE HT) traded up 0.11% during midday trading on Friday, hitting $18.00. The company had a trading volume of 1,234,461 shares. The stock has a market cap of $753.01 million, a PE 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 stock’s 50-day moving average price is $18.30 and its 200-day moving average price is $18.73.

Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by $0.02. The business had revenue of $138 million during the quarter, compared to analyst estimates of $134.55 million. Hersha Hospitality Trust had a net margin of 22.77% and a return on equity of 14.78%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. On average, equities research analysts expect that Hersha Hospitality Trust will post $2.23 EPS for the current fiscal year.

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In other Hersha Hospitality Trust news, COO Neil H. Shah purchased 1,667 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $17.86 per share, with a total value of $29,772.62. Following the transaction, the chief operating officer now owns 297,418 shares in the company, valued at $5,311,885.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Neil H. Shah purchased 4,165 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were acquired at an average cost of $17.93 per share, with a total value of $74,678.45. Following the completion of the transaction, the insider now owns 297,418 shares in the company, valued at approximately $5,332,704.74. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 8,579 shares of company stock valued at $153,841. Insiders own 8.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. boosted its position in Hersha Hospitality Trust by 1.0% during the 2nd 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 boosted its position in Hersha Hospitality Trust by 0.8% during the 2nd 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 boosted its position in Hersha Hospitality Trust by 1.1% during the 2nd 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 boosted its position in Hersha Hospitality Trust by 0.8% during the 1st 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. boosted its position in Hersha Hospitality Trust by 0.5% during the 1st 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. 98.54% of the stock is owned by hedge funds and other institutional investors.

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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