Hersha Hospitality Trust (NYSE:HT) was downgraded by investment analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Wednesday, Marketbeat.com reports. They presently have a $17.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $19.00. Barclays’ target price would indicate a potential downside of 2.63% from the company’s previous close.

Several other research firms also recently weighed in on HT. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective on shares of Hersha Hospitality Trust in a research report on Thursday, September 7th. DA Davidson assumed coverage on shares of Hersha Hospitality Trust in a research report on Friday, September 29th. They set a “buy” rating and a $21.00 price objective on the stock. B. Riley restated a “buy” rating on shares of Hersha Hospitality Trust in a research report on Wednesday, November 1st. Finally, Robert W. Baird restated a “buy” rating and set a $20.00 price objective on shares of Hersha Hospitality Trust in a research report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.40.

Hersha Hospitality Trust (NYSE HT) traded down $0.09 on Wednesday, reaching $17.46. 637,512 shares of the company’s stock traded hands, compared to its average volume of 450,524. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.10. Hersha Hospitality Trust has a fifty-two week low of $17.15 and a fifty-two week high of $21.95. The company has a market capitalization of $724.43, a P/E ratio of 7.97, a PEG ratio of 2.13 and a beta of 1.34.

In related news, insider Neil H. Shah purchased 2,850 shares of Hersha Hospitality Trust stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $17.54 per share, for a total transaction of $49,989.00. Following the acquisition, the insider now owns 316,352 shares in the company, valued at approximately $5,548,814.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Neil H. Shah purchased 2,823 shares of Hersha Hospitality Trust stock in a transaction on Thursday, October 26th. The stock was bought at an average price of $17.71 per share, for a total transaction of $49,995.33. Following the completion of the acquisition, the chief operating officer now owns 305,033 shares in the company, valued at approximately $5,402,134.43. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 19,815 shares of company stock worth $346,990. 8.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in HT. Dimensional Fund Advisors LP increased its holdings in Hersha Hospitality Trust by 5.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 678,390 shares of the real estate investment trust’s stock valued at $12,747,000 after acquiring an additional 34,048 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Hersha Hospitality Trust by 49.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,270 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 4,740 shares during the last quarter. Texas Permanent School Fund increased its holdings in Hersha Hospitality Trust by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 30,498 shares of the real estate investment trust’s stock valued at $565,000 after acquiring an additional 255 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Hersha Hospitality Trust by 9.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 508,051 shares of the real estate investment trust’s stock valued at $9,405,000 after acquiring an additional 45,552 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Hersha Hospitality Trust by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 161,792 shares of the real estate investment trust’s stock worth $2,995,000 after buying an additional 1,957 shares in the last quarter. Institutional investors own 98.59% of the company’s stock.

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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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