3,600 Shares in Hersha Hospitality Trust (NYSE:HT) Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new position in shares of Hersha Hospitality Trust (NYSE:HTGet Rating) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 3,600 shares of the real estate investment trust’s stock, valued at approximately $35,000.

Several other hedge funds have also bought and sold shares of HT. Commonwealth Equity Services LLC bought a new stake in Hersha Hospitality Trust during the first quarter worth about $222,000. KBC Group NV boosted its stake in Hersha Hospitality Trust by 24.5% during the first quarter. KBC Group NV now owns 12,607 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 2,480 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Hersha Hospitality Trust by 23.1% in the first quarter. JPMorgan Chase & Co. now owns 15,626 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 2,936 shares in the last quarter. LDR Capital Management LLC lifted its stake in shares of Hersha Hospitality Trust by 874.4% in the first quarter. LDR Capital Management LLC now owns 301,511 shares of the real estate investment trust’s stock worth $2,738,000 after buying an additional 270,567 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in shares of Hersha Hospitality Trust by 10.0% in the first quarter. State of Tennessee Treasury Department now owns 24,884 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 2,270 shares in the last quarter. Institutional investors own 69.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HT shares. Wells Fargo & Company dropped their target price on shares of Hersha Hospitality Trust from $11.50 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, October 28th. B. Riley dropped their target price on shares of Hersha Hospitality Trust from $13.00 to $11.00 in a research note on Monday, November 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hersha Hospitality Trust from $9.00 to $10.00 in a research note on Monday, August 22nd. StockNews.com started coverage on shares of Hersha Hospitality Trust in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, TheStreet upgraded shares of Hersha Hospitality Trust from a “d+” rating to a “c-” rating in a research note on Thursday, August 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.79.

Hersha Hospitality Trust Stock Up 2.2 %

HT opened at $9.76 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average price of $8.77 and a 200-day moving average price of $9.75. Hersha Hospitality Trust has a twelve month low of $7.46 and a twelve month high of $12.15. The stock has a market capitalization of $386.96 million, a price-to-earnings ratio of 5.39, a PEG ratio of 0.18 and a beta of 2.06.

Hersha Hospitality Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, September 29th. This represents a $0.20 annualized dividend and a dividend yield of 2.05%. Hersha Hospitality Trust’s payout ratio is 11.05%.

Hersha Hospitality Trust Company Profile

(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.

See Also

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

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