Shares of Hersha Hospitality Trust (NYSE:HT) have been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $20.34.
Several research firms have recently commented on HT. Deutsche Bank reissued a “hold” rating and issued a $18.00 price target on shares of Hersha Hospitality Trust in a report on Thursday, February 28th. Zacks Investment Research cut Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Wells Fargo & Co cut Hersha Hospitality Trust from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $17.50 to $16.75 in a report on Monday, December 10th. Janney Montgomery Scott raised Hersha Hospitality Trust from a “neutral” rating to a “buy” rating in a report on Thursday, December 20th. Finally, Raymond James cut Hersha Hospitality Trust from a “mkt perform” rating to an “underperform” rating in a report on Tuesday, January 8th.
HT opened at $17.88 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $699.45 million, a PE ratio of 8.65, a price-to-earnings-growth ratio of 1.90 and a beta of 1.43. Hersha Hospitality Trust has a 12 month low of $16.50 and a 12 month high of $24.16.
In related news, insider Neil H. Shah purchased 3,000 shares of the company’s stock in a transaction on Friday, December 21st. The stock was bought at an average price of $16.84 per share, with a total value of $50,520.00. Following the completion of the transaction, the insider now owns 326,752 shares of the company’s stock, valued at approximately $5,502,503.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Hutchison III sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $16.94, for a total value of $169,400.00. Following the transaction, the director now directly owns 75,510 shares of the company’s stock, valued at approximately $1,279,139.40. The disclosure for this sale can be found here. Company insiders own 10.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC purchased a new stake in shares of Hersha Hospitality Trust in the fourth quarter valued at $131,000. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Hersha Hospitality Trust in the fourth quarter valued at $184,000. AQR Capital Management LLC purchased a new stake in shares of Hersha Hospitality Trust in the third quarter valued at $203,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Hersha Hospitality Trust in the fourth quarter valued at $242,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Hersha Hospitality Trust in the third quarter valued at $262,000. 98.49% of the stock is owned by institutional investors.
Hersha Hospitality Trust Company Profile
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 7,730 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
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