Hersha Hospitality Trust (NYSE:HT) shares rose 3.1% during trading on Monday . The stock traded as high as $19.19 and last traded at $19.19, with a volume of 177,669 shares traded. The stock had previously closed at $18.61.

HT has been the topic of a number of recent research reports. Janney Montgomery Scott initiated coverage on Hersha Hospitality Trust in a report on Monday, May 23rd. They issued a “neutral” rating and a $17.00 target price on the stock. Bank of America Corp. lowered Hersha Hospitality Trust from a “buy” rating to a “neutral” rating and dropped their target price for the company from $21.00 to $18.00 in a report on Thursday, May 19th. Stifel Nicolaus initiated coverage on Hersha Hospitality Trust in a report on Tuesday, March 29th. They issued a “hold” rating on the stock. Canaccord Genuity reissued a “hold” rating and issued a $21.00 target price on shares of Hersha Hospitality Trust in a report on Tuesday, July 5th. Finally, Zacks Investment Research lowered Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Hersha Hospitality Trust presently has an average rating of “Hold” and a consensus target price of $24.46.

The company has a 50 day moving average price of $17.92 and a 200-day moving average price of $19.15. The stock has a market cap of $836.65 million and a P/E ratio of 38.93.

Hersha Hospitality Trust (NYSE:HT) last announced its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by $0.06. The firm earned $106.87 million during the quarter, compared to analyst estimates of $105.66 million. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. Analysts predict that Hersha Hospitality Trust will post $2.54 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend was Tuesday, June 28th.

Several hedge funds recently made changes to their positions in HT. Pear Tree Advisors Inc. bought a new stake in shares of Hersha Hospitality Trust during the fourth quarter worth $1,373,000. Systematic Financial Management LP bought a new stake in shares of Hersha Hospitality Trust during the fourth quarter worth $1,671,000. Advantus Capital Management Inc boosted its stake in shares of Hersha Hospitality Trust by 18.0% in the fourth quarter. Advantus Capital Management Inc now owns 70,800 shares of the real estate investment trust’s stock worth $1,541,000 after buying an additional 10,800 shares during the last quarter. Deere & Co. boosted its stake in shares of Hersha Hospitality Trust by 418.0% in the fourth quarter. Deere & Co. now owns 89,603 shares of the real estate investment trust’s stock worth $1,950,000 after buying an additional 72,304 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Hersha Hospitality Trust by 361.3% in the fourth quarter. Bank of Montreal Can now owns 133,950 shares of the real estate investment trust’s stock worth $2,915,000 after buying an additional 104,911 shares during the last quarter.

Hersha Hospitality Trust is a real estate investment trust (REIT). The Company invests in institutional grade hotels in urban gateway markets, including New York, Washington DC, Boston, Philadelphia, South Florida and West Coast. The Company owns its hotels and its investments in joint ventures through its operating partnership, Hersha Hospitality Limited Partnership, for which it serves as general partner.

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