Hersha Hospitality Trust (HT) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Hersha Hospitality Trust (NYSE:HT) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 693,213 shares of the real estate investment trust’s stock after buying an additional 14,823 shares during the period. Dimensional Fund Advisors LP owned approximately 1.66% of Hersha Hospitality Trust worth $12,832,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of HT. Citadel Advisors LLC lifted its holdings in shares of Hersha Hospitality Trust by 184.4% in the 2nd quarter. Citadel Advisors LLC now owns 226,225 shares of the real estate investment trust’s stock worth $4,187,000 after purchasing an additional 146,684 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Hersha Hospitality Trust by 0.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 276,497 shares of the real estate investment trust’s stock worth $5,118,000 after purchasing an additional 926 shares in the last quarter. Piermont Capital Management Inc. bought a new position in shares of Hersha Hospitality Trust in the 2nd quarter worth $1,954,000. M&T Bank Corp lifted its holdings in shares of Hersha Hospitality Trust by 1.1% in the 2nd quarter. M&T Bank Corp now owns 28,042 shares of the real estate investment trust’s stock worth $519,000 after purchasing an additional 298 shares in the last quarter. Finally, Northern Trust Corp raised its position in Hersha Hospitality Trust by 2.1% in the 2nd quarter. Northern Trust Corp now owns 828,119 shares of the real estate investment trust’s stock valued at $15,328,000 after buying an additional 16,944 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Shares of Hersha Hospitality Trust (HT) opened at $17.53 on Wednesday. Hersha Hospitality Trust has a 12-month low of $17.15 and a 12-month high of $22.14. The stock has a market capitalization of $729.01, a price-to-earnings ratio of 7.96, a PEG ratio of 2.13 and a beta of 1.35. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.67 and a current ratio of 0.67.

HT has been the subject of a number of analyst reports. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price target on shares of Hersha Hospitality Trust in a research report on Thursday, September 7th. Zacks Investment Research lowered Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. DA Davidson initiated coverage on Hersha Hospitality Trust in a research report on Friday, September 29th. They issued a “buy” rating and a $21.00 price target for the company. FBR & Co lowered their price target on Hersha Hospitality Trust from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, July 27th. Finally, B. Riley reissued a “buy” rating on shares of Hersha Hospitality Trust in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $19.60.

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In other Hersha Hospitality Trust news, insider Neil H. Shah bought 1,500 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was purchased at an average cost of $17.91 per share, with a total value of $26,865.00. Following the transaction, the insider now directly owns 302,210 shares in the company, valued at approximately $5,412,581.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Neil H. Shah bought 4,165 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average cost of $17.93 per share, with a total value of $74,678.45. Following the completion of the transaction, the insider now owns 297,418 shares in the company, valued at $5,332,704.74. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 28,494 shares of company stock valued at $502,496. Insiders own 8.10% of the company’s stock.

About Hersha Hospitality Trust

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

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