Teachers Insurance & Annuity Association of America Sells 19,911 Shares of Hersha Hospitality Trust (NYSE:HT)

Teachers Insurance & Annuity Association of America lessened its holdings in shares of Hersha Hospitality Trust (NYSE:HT) by 60.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,021 shares of the real estate investment trust’s stock after selling 19,911 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in Hersha Hospitality Trust were worth $215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quantamental Technologies LLC bought a new stake in shares of Hersha Hospitality Trust in the 2nd quarter valued at approximately $61,000. Bank of Montreal Can boosted its stake in shares of Hersha Hospitality Trust by 121.9% during the second quarter. Bank of Montreal Can now owns 5,126 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 2,816 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in shares of Hersha Hospitality Trust during the first quarter worth about $144,000. BNP Paribas Arbitrage SA lifted its position in Hersha Hospitality Trust by 29.1% in the first quarter. BNP Paribas Arbitrage SA now owns 9,855 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 2,223 shares during the period. Finally, BBT Capital Management LLC acquired a new stake in Hersha Hospitality Trust in the first quarter valued at about $180,000. Hedge funds and other institutional investors own 92.95% of the company’s stock.

In other news, insider Neil H. Shah purchased 3,440 shares of the stock in a transaction on Monday, August 5th. The stock was bought at an average price of $14.53 per share, with a total value of $49,983.20. Following the transaction, the insider now owns 336,252 shares in the company, valued at approximately $4,885,741.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Neil H. Shah purchased 6,060 shares of the stock in a transaction on Tuesday, June 25th. The shares were purchased at an average cost of $16.48 per share, with a total value of $99,868.80. Following the transaction, the insider now owns 328,252 shares in the company, valued at approximately $5,409,592.96. The disclosure for this purchase can be found here. Insiders bought a total of 40,034 shares of company stock worth $574,415 over the last quarter. Company insiders own 11.80% of the company’s stock.



Shares of NYSE:HT traded down $0.33 during trading on Thursday, hitting $15.01. The company had a trading volume of 331,343 shares, compared to its average volume of 361,774. The stock has a market cap of $600.05 million, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 1.48 and a beta of 1.33. Hersha Hospitality Trust has a one year low of $13.38 and a one year high of $23.40. The company has a fifty day simple moving average of $14.75 and a two-hundred day simple moving average of $16.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.53 and a quick ratio of 0.53.

Hersha Hospitality Trust (NYSE:HT) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.75). The company had revenue of $147.50 million during the quarter, compared to the consensus estimate of $146.81 million. Hersha Hospitality Trust had a net margin of 0.78% and a return on equity of 0.44%. On average, equities research analysts anticipate that Hersha Hospitality Trust will post 1.84 earnings per share for the current year.

Several analysts have commented on HT shares. Deutsche Bank set a $16.00 target price on shares of Hersha Hospitality Trust and gave the stock a “hold” rating in a research note on Wednesday, July 31st. ValuEngine downgraded Hersha Hospitality Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Zacks Investment Research raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Stifel Nicolaus set a $18.00 price target on Hersha Hospitality Trust and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, DA Davidson downgraded Hersha Hospitality Trust from a “buy” rating to a “neutral” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Hersha Hospitality Trust presently has a consensus rating of “Hold” and an average price target of $18.29.

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, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

See Also: Initial Coin Offering (ICO)

Institutional Ownership by Quarter for Hersha Hospitality Trust (NYSE:HT)

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