Hersha Hospitality Trust (NYSE:HT) Rating Increased to C- at TheStreet

Hersha Hospitality Trust (NYSE:HTGet Rating) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

A number of other equities analysts have also recently commented on HT. Stifel Nicolaus raised shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $11.00 to $14.50 in a research report on Friday, May 6th. StockNews.com raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 16th. Oppenheimer began coverage on shares of Hersha Hospitality Trust in a research report on Thursday, April 21st. They set an “outperform” rating and a $14.00 price objective for the company. Finally, Jefferies Financial Group raised shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $11.00 to $13.00 in a research report on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.93.

Hersha Hospitality Trust Price Performance

NYSE:HT opened at $10.46 on Thursday. Hersha Hospitality Trust has a 1-year low of $7.92 and a 1-year high of $12.15. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.51. The firm has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $9.68. The stock has a market capitalization of $411.60 million, a PE ratio of -6.88 and a beta of 2.10.

Insider Transactions at Hersha Hospitality Trust

In other news, Director Michael A. Leven bought 5,000 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was bought at an average price of $20.20 per share, with a total value of $101,000.00. Following the completion of the acquisition, the director now owns 45,000 shares of the company’s stock, valued at $909,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Hersha Hospitality Trust by 1.3% in the first quarter. BlackRock Inc. now owns 5,512,014 shares of the real estate investment trust’s stock valued at $50,050,000 after purchasing an additional 68,229 shares in the last quarter. Vanguard Group Inc. raised its stake in Hersha Hospitality Trust by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,706,869 shares of the real estate investment trust’s stock worth $24,579,000 after acquiring an additional 27,548 shares in the last quarter. LSV Asset Management raised its stake in Hersha Hospitality Trust by 2.6% during the first quarter. LSV Asset Management now owns 787,202 shares of the real estate investment trust’s stock worth $7,148,000 after acquiring an additional 19,638 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Hersha Hospitality Trust by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 671,347 shares of the real estate investment trust’s stock worth $6,097,000 after acquiring an additional 10,544 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Hersha Hospitality Trust by 112.6% during the first quarter. Prudential Financial Inc. now owns 468,931 shares of the real estate investment trust’s stock worth $4,258,000 after acquiring an additional 248,389 shares in the last quarter. Institutional investors and hedge funds own 60.28% of the company’s stock.

About Hersha Hospitality Trust

(Get Rating)

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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