Hersha Hospitality Trust (NYSE:HT) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its holdings in shares of Hersha Hospitality Trust (NYSE:HT) by 125.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,800 shares of the real estate investment trust’s stock after purchasing an additional 58,800 shares during the quarter. New York State Teachers Retirement System owned about 0.27% of Hersha Hospitality Trust worth $609,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of Hersha Hospitality Trust by 8.2% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 1,471,385 shares of the real estate investment trust’s stock worth $8,475,000 after purchasing an additional 111,184 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Hersha Hospitality Trust by 7.2% in the first quarter. Geode Capital Management LLC now owns 667,498 shares of the real estate investment trust’s stock valued at $2,389,000 after acquiring an additional 44,987 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Hersha Hospitality Trust by 13.9% in the fourth quarter. Bank of New York Mellon Corp now owns 646,266 shares of the real estate investment trust’s stock valued at $9,403,000 after acquiring an additional 78,716 shares during the last quarter. Matarin Capital Management LLC acquired a new position in Hersha Hospitality Trust in the first quarter valued at $1,892,000. Finally, JPMorgan Chase & Co. boosted its holdings in Hersha Hospitality Trust by 38.1% in the first quarter. JPMorgan Chase & Co. now owns 456,498 shares of the real estate investment trust’s stock valued at $1,634,000 after acquiring an additional 125,983 shares during the last quarter. Institutional investors and hedge funds own 82.50% of the company’s stock.

Shares of HT opened at $4.76 on Friday. The stock’s 50-day moving average is $5.73 and its two-hundred day moving average is $7.52. The stock has a market cap of $189.89 million, a PE ratio of -4.07 and a beta of 2.30. Hersha Hospitality Trust has a 12 month low of $2.29 and a 12 month high of $16.79. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.24 and a quick ratio of 0.24.

Hersha Hospitality Trust (NYSE:HT) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported ($0.76) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.72). Hersha Hospitality Trust had a negative return on equity of 2.31% and a negative net margin of 3.98%. The business had revenue of $90.14 million for the quarter, compared to analysts’ expectations of $97.74 million. On average, research analysts anticipate that Hersha Hospitality Trust will post -1.07 earnings per share for the current year.

A number of research analysts recently weighed in on HT shares. DA Davidson upgraded Hersha Hospitality Trust from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $5.00 to $8.00 in a report on Wednesday, June 17th. Deutsche Bank reiterated a “hold” rating and issued a $2.00 target price on shares of Hersha Hospitality Trust in a report on Tuesday, May 19th. Barclays lifted their target price on Hersha Hospitality Trust from $3.00 to $6.00 and gave the company an “underweight” rating in a report on Monday, June 22nd. B. Riley reduced their price objective on Hersha Hospitality Trust from $5.50 to $4.50 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Stifel Nicolaus boosted their price objective on Hersha Hospitality Trust from $4.50 to $6.50 and gave the stock a “hold” rating in a research note on Friday, June 5th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Hersha Hospitality Trust presently has an average rating of “Hold” and a consensus price target of $7.63.

In other news, COO Neil H. Shah acquired 30,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was purchased at an average cost of $5.75 per share, with a total value of $172,500.00. Following the completion of the acquisition, the chief operating officer now directly owns 508,511 shares in the company, valued at $2,923,938.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Neil H. Shah acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $3.84 per share, with a total value of $38,400.00. Following the completion of the acquisition, the chief operating officer now owns 493,511 shares of the company’s stock, valued at $1,895,082.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 90,422 shares of company stock worth $477,175. Corporate insiders own 12.90% of the company’s stock.

Hersha Hospitality Trust Profile

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.

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

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