RMR Advisors LLC boosted its stake in shares of Hersha Hospitality Trust (NYSE:HT) by 10.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,475 shares of the real estate investment trust’s stock after purchasing an additional 12,000 shares during the quarter. RMR Advisors LLC owned about 0.34% of Hersha Hospitality Trust worth $2,271,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its stake in Hersha Hospitality Trust by 200.0% in the first quarter. Meeder Asset Management Inc. now owns 1,758 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,172 shares during the period. Deutsche Bank AG increased its position in shares of Hersha Hospitality Trust by 59.7% during the fourth quarter. Deutsche Bank AG now owns 125,337 shares of the real estate investment trust’s stock valued at $2,196,000 after acquiring an additional 46,851 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Hersha Hospitality Trust during the fourth quarter valued at approximately $361,000. Geode Capital Management LLC increased its position in shares of Hersha Hospitality Trust by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 491,475 shares of the real estate investment trust’s stock valued at $8,620,000 after acquiring an additional 28,428 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Hersha Hospitality Trust during the fourth quarter valued at approximately $10,246,000. 99.78% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on HT. Raymond James downgraded Hersha Hospitality Trust from a “mkt perform” rating to an “underperform” rating in a research report on Tuesday, January 8th. ValuEngine raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Janney Montgomery Scott raised shares of Hersha Hospitality Trust from a “neutral” rating to a “buy” rating in a report on Thursday, December 20th. Finally, Deutsche Bank reissued a “hold” rating and set a $18.00 target price on shares of Hersha Hospitality Trust in a report on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Hersha Hospitality Trust currently has a consensus rating of “Hold” and a consensus price target of $20.31.
Shares of NYSE HT traded down $0.13 during trading on Wednesday, hitting $17.88. The company had a trading volume of 1,400 shares, compared to its average volume of 316,322. Hersha Hospitality Trust has a fifty-two week low of $16.50 and a fifty-two week high of $24.16. The firm has a market cap of $705.81 million, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.90 and a beta of 1.42. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.09.
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.28 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.12 annualized dividend and a dividend yield of 6.26%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is 50.91%.
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, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
Further Reading: Mutual Funds
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