Hersha Hospitality Trust (NYSE:HT) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Hersha Hospitality Trust (NYSE:HT – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

A number of other research firms also recently commented on HT. Barclays reduced their price objective on shares of Hersha Hospitality Trust from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, January 10th. B. Riley reissued a “neutral” rating on shares of Hersha Hospitality Trust in a report on Friday, February 24th. Finally, B. Riley Financial reissued a “neutral” rating on shares of Hersha Hospitality Trust in a report on Saturday, February 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.64.

Hersha Hospitality Trust Price Performance

Shares of Hersha Hospitality Trust stock opened at $6.67 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.46 and a quick ratio of 2.46. Hersha Hospitality Trust has a fifty-two week low of $6.45 and a fifty-two week high of $12.15. The firm has a fifty day moving average price of $8.60 and a two-hundred day moving average price of $8.90. The company has a market cap of $265.07 million, a PE ratio of 2.29 and a beta of 2.02.

Insider Buying and Selling at Hersha Hospitality Trust

In other Hersha Hospitality Trust news, Director Thomas J. Hutchison III purchased 5,000 shares of the stock in a transaction dated Thursday, February 23rd. The stock was bought at an average price of $8.56 per share, for a total transaction of $42,800.00. Following the transaction, the director now directly owns 151,319 shares in the company, valued at $1,295,290.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 20.80% of the company’s stock.

Institutional Investors Weigh In On Hersha Hospitality Trust

Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in shares of Hersha Hospitality Trust during the 2nd quarter worth approximately $30,000. Allspring Global Investments Holdings LLC grew its holdings in Hersha Hospitality Trust by 710.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,034 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 3,536 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Hersha Hospitality Trust during the second quarter valued at approximately $35,000. Teachers Retirement System of The State of Kentucky acquired a new position in Hersha Hospitality Trust during the third quarter valued at approximately $36,000. Finally, Lazard Asset Management LLC acquired a new position in Hersha Hospitality Trust during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 65.29% of the company’s stock.

Hersha Hospitality Trust Company Profile

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Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates hotels in urban gateway markets. Its hotel properties are located in in New York, Boston, Philadelphia, Washington, the District of Columbia, Miami, and select markets on the West Coast.