Teachers Insurance & Annuity Association of America Takes $962,000 Position in Hersha Hospitality Trust (HT)

Teachers Insurance & Annuity Association of America purchased a new stake in Hersha Hospitality Trust (NYSE:HT) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 53,731 shares of the real estate investment trust’s stock, valued at approximately $962,000. Teachers Insurance & Annuity Association of America owned 0.14% of Hersha Hospitality Trust as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its holdings in Hersha Hospitality Trust by 0.6% in the 4th quarter. Teachers Advisors LLC now owns 677,812 shares of the real estate investment trust’s stock valued at $11,794,000 after acquiring an additional 3,718 shares during the period. Thrivent Financial For Lutherans grew its position in shares of Hersha Hospitality Trust by 8.7% during the 4th quarter. Thrivent Financial For Lutherans now owns 39,899 shares of the real estate investment trust’s stock worth $694,000 after purchasing an additional 3,183 shares in the last quarter. Bank of Montreal Can grew its position in shares of Hersha Hospitality Trust by 241.9% during the 4th quarter. Bank of Montreal Can now owns 217,607 shares of the real estate investment trust’s stock worth $3,786,000 after purchasing an additional 153,963 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Hersha Hospitality Trust by 6.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 537,488 shares of the real estate investment trust’s stock worth $9,353,000 after purchasing an additional 31,079 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Hersha Hospitality Trust by 24.5% during the 4th quarter. Two Sigma Advisers LP now owns 114,513 shares of the real estate investment trust’s stock worth $1,993,000 after purchasing an additional 22,546 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hersha Hospitality Trust opened at $19.56 on Friday, MarketBeat Ratings reports. Hersha Hospitality Trust has a 12-month low of $19.15 and a 12-month high of $19.26. The company has a market cap of $763.80 million, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05.

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

HT has been the topic of a number of analyst reports. B. Riley set a $20.00 target price on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Stifel Nicolaus restated a “hold” rating and set a $18.00 target price (down previously from $18.50) on shares of Hersha Hospitality Trust in a research report on Thursday, February 22nd. Raymond James lowered shares of Hersha Hospitality Trust to a “hold” rating in a research report on Thursday, April 26th. Finally, DA Davidson increased their target price on shares of Hersha Hospitality Trust from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.07.

In other news, CEO Jay H. Shah purchased 2,975 shares of Hersha Hospitality Trust stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $16.75 per share, for a total transaction of $49,831.25. Following the transaction, the chief executive officer now owns 320,752 shares of the company’s stock, valued at approximately $5,372,596. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ashish R. Parikh purchased 1,485 shares of Hersha Hospitality Trust stock in a transaction that occurred on Friday, March 2nd. The shares were purchased at an average price of $16.84 per share, for a total transaction of $25,007.40. Following the transaction, the chief financial officer now directly owns 109,465 shares in the company, valued at approximately $1,843,390.60. The disclosure for this purchase can be found here. Company insiders own 10.30% of the company’s stock.

About Hersha Hospitality Trust

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 7,584 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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