Hersha Hospitality Trust (HT) Insider Acquires $122,847.36 in Stock

Hersha Hospitality Trust (NYSE:HT) insider Neil H. Shah acquired 7,044 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were bought at an average cost of $17.44 per share, for a total transaction of $122,847.36. Following the purchase, the insider now owns 310,692 shares of the company’s stock, valued at $5,418,468.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 6.33%. The ex-dividend date was Thursday, September 28th. Hersha Hospitality Trust’s payout ratio is 52.09%.

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A number of large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. grew its stake in Hersha Hospitality Trust by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,503 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 54 shares in the last quarter. Texas Permanent School Fund grew its stake in Hersha Hospitality Trust by 0.8% in the second quarter. Texas Permanent School Fund now owns 30,498 shares of the real estate investment trust’s stock valued at $565,000 after purchasing an additional 255 shares in the last quarter. M&T Bank Corp grew its stake in Hersha Hospitality Trust by 1.1% in the second quarter. M&T Bank Corp now owns 28,042 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 298 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Hersha Hospitality Trust by 0.8% in the first quarter. Public Employees Retirement System of Ohio now owns 50,302 shares of the real estate investment trust’s stock valued at $945,000 after purchasing an additional 403 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Hersha Hospitality Trust by 0.3% in the second quarter. Parametric Portfolio Associates LLC now owns 276,497 shares of the real estate investment trust’s stock valued at $5,118,000 after purchasing an additional 926 shares in the last quarter. 98.01% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on HT. Zacks Investment Research raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. FBR & Co reissued a “buy” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a research note on Friday, October 27th. DA Davidson initiated coverage on Hersha Hospitality Trust in a research note on Friday, September 29th. They issued a “buy” rating and a $21.00 price target on the stock. BidaskClub raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price target on shares of Hersha Hospitality Trust in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.60.

About Hersha Hospitality Trust

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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