Insider Buying: Hersha Hospitality Trust (HT) Chairman Buys 1,450 Shares of Stock

Hersha Hospitality Trust (NYSE:HT) Chairman Hasu P. Shah bought 1,450 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average price of $17.25 per share, with a total value of $25,012.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Hersha Hospitality Trust stock opened at $17.63 on Wednesday. The stock has a market capitalization of $687.16 million, a price-to-earnings ratio of 8.16, a PEG ratio of 1.88 and a beta of 1.29. Hersha Hospitality Trust has a fifty-two week low of $16.60 and a fifty-two week high of $24.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.45 and a quick ratio of 0.45.

Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The business had revenue of $127.88 million for the quarter, compared to analyst estimates of $134.82 million. On average, sell-side analysts predict that Hersha Hospitality Trust will post 1.93 earnings per share for the current year.



The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were given a $0.28 dividend. The ex-dividend date was Friday, September 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.35%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is currently 51.85%.

HT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, August 21st. Stifel Nicolaus upped their price objective on shares of Hersha Hospitality Trust from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Deutsche Bank set a $19.00 price objective on shares of Hersha Hospitality Trust and gave the stock a “hold” rating in a research report on Thursday, October 25th. Finally, B. Riley set a $19.00 price objective on shares of Hersha Hospitality Trust and gave the stock a “hold” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Hersha Hospitality Trust has a consensus rating of “Hold” and a consensus price target of $21.63.

Several institutional investors have recently modified their holdings of HT. Tower Research Capital LLC TRC purchased a new stake in shares of Hersha Hospitality Trust during the second quarter worth about $151,000. Commonwealth Bank of Australia increased its stake in shares of Hersha Hospitality Trust by 72.2% during the second quarter. Commonwealth Bank of Australia now owns 7,920 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 3,320 shares in the last quarter. Pensionfund Sabic purchased a new stake in shares of Hersha Hospitality Trust during the second quarter worth about $172,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Hersha Hospitality Trust during the second quarter worth about $184,000. Finally, 6 Meridian purchased a new stake in shares of Hersha Hospitality Trust during the second quarter worth about $202,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

About Hersha Hospitality Trust

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,666 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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

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