Susquehanna Fundamental Investments LLC Acquires New Stake in Hersha Hospitality Trust (HT)

Susquehanna Fundamental Investments LLC acquired a new position in Hersha Hospitality Trust (NYSE:HT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 73,596 shares of the real estate investment trust’s stock, valued at approximately $1,317,000.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Hersha Hospitality Trust by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 737,811 shares of the real estate investment trust’s stock worth $13,207,000 after buying an additional 2,849 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Hersha Hospitality Trust by 13.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 24,000 shares of the real estate investment trust’s stock worth $430,000 after buying an additional 2,900 shares during the last quarter. Systematic Financial Management LP increased its holdings in Hersha Hospitality Trust by 4.0% during the first quarter. Systematic Financial Management LP now owns 81,285 shares of the real estate investment trust’s stock worth $1,455,000 after buying an additional 3,150 shares during the last quarter. California Public Employees Retirement System increased its holdings in Hersha Hospitality Trust by 2.5% during the fourth quarter. California Public Employees Retirement System now owns 130,220 shares of the real estate investment trust’s stock worth $2,266,000 after buying an additional 3,152 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in Hersha Hospitality Trust by 8.7% during the fourth quarter. Thrivent Financial For Lutherans now owns 39,899 shares of the real estate investment trust’s stock worth $694,000 after buying an additional 3,183 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

HT has been the topic of a number of recent analyst reports. DA Davidson boosted their target price on shares of Hersha Hospitality Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Robert W. Baird set a $18.00 target price on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a report on Tuesday, February 27th. B. Riley set a $20.00 target price on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a report on Wednesday, February 21st. Raymond James downgraded shares of Hersha Hospitality Trust to a “hold” rating in a report on Thursday, April 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $18.00 target price (down from $18.50) on shares of Hersha Hospitality Trust in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Hersha Hospitality Trust presently has a consensus rating of “Hold” and an average target price of $19.44.

Hersha Hospitality Trust opened at $20.80 on Friday, Marketbeat Ratings reports. Hersha Hospitality Trust has a one year low of $16.60 and a one year high of $21.55. The firm has a market capitalization of $823.97 million, a price-to-earnings ratio of 9.63, a P/E/G ratio of 2.08 and a beta of 1.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.43.

Hersha Hospitality Trust (NYSE:HT) last released its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.84). Hersha Hospitality Trust had a net margin of 11.06% and a return on equity of 5.74%. The company had revenue of $99.64 million during the quarter, compared to analyst estimates of $102.92 million. analysts predict that Hersha Hospitality Trust will post 1.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.12 annualized dividend and a dividend yield of 5.38%. Hersha Hospitality Trust’s dividend payout ratio is currently 51.85%.

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 hotels in urban gateway markets and coastal destinations. The Company's 49 hotels totaling 7,653 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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