Numeric Investors LLC increased its holdings in shares of Hersha Hospitality Trust (NYSE:HT) by 196.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,500 shares of the real estate investment trust’s stock after acquiring an additional 25,500 shares during the period. Numeric Investors LLC owned about 0.09% of Hersha Hospitality Trust worth $713,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Hersha Hospitality Trust by 76.0% in the first quarter. Bank of New York Mellon Corp now owns 723,546 shares of the real estate investment trust’s stock valued at $13,595,000 after buying an additional 312,360 shares in the last quarter. Comerica Bank acquired a new position in Hersha Hospitality Trust in the first quarter valued at about $881,000. UBS Asset Management Americas Inc. boosted its position in Hersha Hospitality Trust by 55.8% in the first quarter. UBS Asset Management Americas Inc. now owns 62,911 shares of the real estate investment trust’s stock valued at $1,182,000 after buying an additional 22,544 shares in the last quarter. Texas Permanent School Fund acquired a new position in Hersha Hospitality Trust in the first quarter valued at about $568,000. Finally, Ameriprise Financial Inc. boosted its position in Hersha Hospitality Trust by 90.4% in the first quarter. Ameriprise Financial Inc. now owns 431,750 shares of the real estate investment trust’s stock valued at $8,113,000 after buying an additional 204,981 shares in the last quarter. Institutional investors and hedge funds own 98.38% of the company’s stock.
In other Hersha Hospitality Trust news, insider Neil H. Shah acquired 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average price of $17.91 per share, for a total transaction of $26,865.00. Following the acquisition, the insider now directly owns 302,210 shares in the company, valued at $5,412,581.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Neil H. Shah acquired 1,667 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $17.86 per share, with a total value of $29,772.62. Following the acquisition, the chief operating officer now owns 297,418 shares in the company, valued at $5,311,885.48. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 8,679 shares of company stock valued at $155,506. 8.10% of the stock is owned by company insiders.
HT has been the topic of a number of recent analyst reports. FBR & Co set a $20.00 price target on shares of Hersha Hospitality Trust and gave the company a “buy” rating in a research report on Monday, August 28th. DA Davidson initiated coverage on shares of Hersha Hospitality Trust in a research report on Friday, September 29th. They issued a “buy” rating and a $21.00 price target on the stock. Robert W. Baird restated a “buy” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a research report on Friday, September 8th. Stifel Nicolaus restated a “hold” rating and issued a $19.00 price target on shares of Hersha Hospitality Trust in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Hersha Hospitality Trust currently has a consensus rating of “Hold” and an average price target of $19.89.
Hersha Hospitality Trust (NYSE:HT) opened at 19.28 on Friday. Hersha Hospitality Trust has a 52 week low of $16.80 and a 52 week high of $22.14. The company has a market capitalization of $806.56 million, a P/E ratio of 8.46 and a beta of 1.39. The firm has a 50 day moving average of $18.47 and a 200-day moving average of $18.60.
Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). The business had revenue of $138.00 million during the quarter, compared to the consensus estimate of $134.55 million. Hersha Hospitality Trust had a net margin of 22.77% and a return on equity of 14.78%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 EPS. On average, analysts forecast that Hersha Hospitality Trust will post $2.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.12 dividend on an annualized basis and a yield of 5.81%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is presently 48.70%.
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Hersha Hospitality Trust Profile
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.
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