Hersha Hospitality Trust (HT) Stake Increased by Chicago Equity Partners LLC

Chicago Equity Partners LLC boosted its position in shares of Hersha Hospitality Trust (NYSE:HT) by 404.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 397,897 shares of the real estate investment trust’s stock after purchasing an additional 319,022 shares during the period. Chicago Equity Partners LLC owned about 0.95% of Hersha Hospitality Trust worth $7,365,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. ProShare Advisors LLC bought a new position in Hersha Hospitality Trust in the 1st quarter worth about $108,000. State of Alaska Department of Revenue lifted its position in shares of Hersha Hospitality Trust by 76.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,186 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 3,556 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Hersha Hospitality Trust in the 1st quarter worth approximately $179,000. Mason Street Advisors LLC purchased a new stake in shares of Hersha Hospitality Trust in the 1st quarter worth approximately $184,000. Finally, KCG Holdings Inc. purchased a new stake in shares of Hersha Hospitality Trust in the 1st quarter worth approximately $200,000. Institutional investors own 98.54% of the company’s stock.

In other Hersha Hospitality Trust news, insider Neil H. Shah purchased 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of $17.91 per share, for a total transaction of $26,865.00. Following the completion of the acquisition, the insider now owns 302,210 shares of the company’s stock, valued at approximately $5,412,581.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Neil H. Shah purchased 1,667 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $17.86 per share, for a total transaction of $29,772.62. Following the acquisition, the chief operating officer now directly owns 297,418 shares of the company’s stock, valued at approximately $5,311,885.48. The disclosure for this purchase can be found here. Insiders purchased 10,079 shares of company stock worth $180,706 in the last 90 days. 8.10% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on HT shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price target on shares of Hersha Hospitality Trust in a research report on Thursday, September 7th. FBR & Co lowered their price target on shares of 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. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price target on shares of Hersha Hospitality Trust in a research report on Friday, September 8th. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, ValuEngine raised shares of Hersha Hospitality Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.75.

Hersha Hospitality Trust (NYSE HT) traded up 0.88% on Friday, hitting $18.41. 1,031,907 shares of the company’s stock were exchanged. The company has a market cap of $770.16 million, a PE ratio of 8.07 and a beta of 1.38. Hersha Hospitality Trust has a 12-month low of $16.80 and a 12-month high of $22.14. The company’s 50-day moving average price is $18.30 and its 200-day moving average price is $18.64.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.02). Hersha Hospitality Trust had a return on equity of 14.78% and a net margin of 22.77%. The company had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $134.55 million. During the same quarter in the previous year, the company earned $0.89 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Analysts forecast that Hersha Hospitality Trust will post $2.23 earnings per share for the current year.

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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.

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

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