Hersha Hospitality Trust (NYSE:HT) COO Neil H. Shah purchased 2,823 shares of Hersha Hospitality Trust stock in a transaction that occurred on Thursday, October 26th. The stock was acquired at an average price of $17.71 per share, for a total transaction of $49,995.33. Following the transaction, the chief operating officer now directly owns 305,033 shares of the company’s stock, valued at approximately $5,402,134.43. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hersha Hospitality Trust (HT) traded down 0.40% on Monday, reaching $17.27. 676,314 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $18.59 and a 200 day moving average price of $18.59. The firm has a market cap of $722.47 million, a PE ratio of 7.57 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 business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.12 annualized dividend and a dividend yield of 6.49%. Hersha Hospitality Trust’s dividend payout ratio is presently 52.09%.

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Several equities research analysts recently weighed in on the stock. FBR & Co restated a “buy” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a research report on Friday. Wells Fargo & Company cut their price objective on shares of Hersha Hospitality Trust from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Friday. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird reiterated a “buy” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a research report on Thursday, October 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price objective on shares of Hersha Hospitality Trust in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Hersha Hospitality Trust presently has an average rating of “Hold” and a consensus price target of $19.60.

Several hedge funds and other institutional investors have recently bought and sold shares of HT. Pinebridge Investments L.P. increased its position in shares of 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 last quarter. State of Alaska Department of Revenue increased its position in shares of Hersha Hospitality Trust by 76.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,186 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 3,556 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Hersha Hospitality Trust during the 1st quarter worth about $179,000. KCG Holdings Inc. acquired a new stake in shares of Hersha Hospitality Trust during the 1st quarter worth about $200,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hersha Hospitality Trust during the 2nd quarter worth about $219,000. Institutional investors and hedge funds own 98.01% 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.

Insider Buying and Selling by Quarter for Hersha Hospitality Trust (NYSE:HT)

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