Hersha Hospitality Trust (NYSE:HT) Director Purchases $101,000.00 in Stock

Hersha Hospitality Trust (NYSE:HT – Get Rating) Director Michael A. Leven acquired 5,000 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average cost of $20.20 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $909,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NYSE HT opened at $10.02 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.53. The company has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $9.41. The company has a market cap of $394.34 million, a P/E ratio of -4.36 and a beta of 2.25. Hersha Hospitality Trust has a 1 year low of $7.92 and a 1 year high of $12.42.

Hersha Hospitality Trust (NYSE:HT – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.53). Hersha Hospitality Trust had a negative return on equity of 10.87% and a negative net margin of 21.97%. During the same quarter in the prior year, the company earned ($0.36) EPS. Equities research analysts forecast that Hersha Hospitality Trust will post 0.85 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of HT. KBC Group NV raised its stake in Hersha Hospitality Trust by 24.5% during the 1st quarter. KBC Group NV now owns 12,607 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 2,480 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Hersha Hospitality Trust during the 1st quarter valued at $222,000. BlackRock Inc. raised its stake in Hersha Hospitality Trust by 4.2% during the 4th quarter. BlackRock Inc. now owns 5,443,785 shares of the real estate investment trust’s stock valued at $49,918,000 after purchasing an additional 218,605 shares during the last quarter. Wells Fargo & Company MN raised its stake in Hersha Hospitality Trust by 95.2% during the 4th quarter. Wells Fargo & Company MN now owns 35,336 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 17,238 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Hersha Hospitality Trust by 192.2% in the 4th quarter. MetLife Investment Management LLC now owns 11,477 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 7,549 shares in the last quarter. 60.28% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on HT. Oppenheimer began coverage on shares of Hersha Hospitality Trust in a research report on Thursday, April 21st. They set an “outperform” rating and a $14.00 price objective on the stock. Stifel Nicolaus raised shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $11.00 to $14.50 in a research report on Friday, May 6th. StockNews.com raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 30th. B. Riley boosted their price objective on shares of Hersha Hospitality Trust from $10.00 to $11.00 in a research report on Tuesday, February 22nd. Finally, Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.31.

About Hersha Hospitality Trust (Get Rating)

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

Featured Articles