Hersha Hospitality Trust (NYSE:HT)‘s stock had its “buy” rating reaffirmed by research analysts at Robert W. Baird in a note issued to investors on Thursday. They presently have a $20.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s target price indicates a potential upside of 5.43% from the stock’s previous close.

A number of other equities analysts have also commented on HT. FBR & Co set a $20.00 price target on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a report on Monday, August 28th. DA Davidson initiated coverage on shares of Hersha Hospitality Trust in a report on Friday, September 29th. They set a “buy” rating and a $21.00 price target on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price target on shares of Hersha Hospitality Trust in a report on Thursday. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Finally, BidaskClub upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five 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 $19.89.

Shares of Hersha Hospitality Trust (HT) traded up 1.32% during mid-day trading on Thursday, hitting $19.22. The stock had a trading volume of 282,974 shares. The stock has a market cap of $804.05 million, a price-to-earnings ratio of 8.43 and a beta of 1.39. Hersha Hospitality Trust has a one year low of $16.80 and a one year high of $22.14. The firm has a 50 day moving average of $18.44 and a 200 day moving average of $18.59.

Hersha Hospitality Trust (NYSE:HT) last issued its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $138.00 million during the quarter, compared to analyst estimates of $134.55 million. During the same quarter in the prior year, the business earned $0.89 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts forecast that Hersha Hospitality Trust will post $2.23 earnings per share for the current year.

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In other Hersha Hospitality Trust news, insider Neil H. Shah acquired 1,500 shares of Hersha Hospitality Trust stock in a transaction dated Friday, September 8th. The stock was purchased at an average cost of $17.91 per share, for a total transaction of $26,865.00. Following the completion of the acquisition, the insider now directly owns 302,210 shares of the company’s stock, valued at $5,412,581.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Neil H. Shah acquired 1,667 shares of Hersha Hospitality Trust stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average price of $17.86 per share, with a total value of $29,772.62. Following the completion of the acquisition, the chief operating officer now directly owns 297,418 shares of the company’s stock, valued at $5,311,885.48. The disclosure for this purchase can be found here. Insiders have bought 8,679 shares of company stock valued at $155,506 over the last quarter. Corporate insiders own 8.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HT. Pinebridge Investments L.P. grew its holdings in shares of 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 valued at $101,000 after buying an additional 54 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Hersha Hospitality Trust by 76.8% during the second quarter. State of Alaska Department of Revenue now owns 8,186 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 3,556 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Hersha Hospitality Trust during the first quarter valued at about $179,000. Mason Street Advisors LLC acquired a new position in shares of Hersha Hospitality Trust during the first quarter valued at about $184,000. Finally, KCG Holdings Inc. purchased a new position in Hersha Hospitality Trust during the first quarter worth about $200,000. Hedge funds and other institutional investors own 98.38% 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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