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

A number of research firms recently issued reports on HT. Deutsche Bank AG reissued a “hold” rating and set a $21.00 price objective on shares of Hersha Hospitality Trust in a research report on Sunday, June 26th. FBR & Co restated a “buy” rating on shares of Hersha Hospitality Trust in a report on Saturday, April 30th. Canaccord Genuity restated a “hold” rating and set a $21.00 target price (down from $22.00) on shares of Hersha Hospitality Trust in a report on Monday, May 2nd. Zacks Investment Research lowered Hersha Hospitality Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, April 25th. Finally, Stifel Nicolaus started coverage on Hersha Hospitality Trust in a report on Tuesday, March 29th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine 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 a consensus price target of $24.46.

The stock’s 50-day moving average is $17.95 and its 200 day moving average is $19.15. The stock has a market cap of $847.21 million and a PE ratio of 39.43.

Hersha Hospitality Trust (NYSE:HT) last announced its earnings results on Thursday, April 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.06. The company had revenue of $106.87 million for the quarter, compared to analysts’ expectations of $105.66 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts anticipate that Hersha Hospitality Trust will post $2.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Tuesday, June 28th.

A number of institutional investors recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Hersha Hospitality Trust by 3.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 80,774 shares of the real estate investment trust’s stock worth $1,757,000 after buying an additional 2,951 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in Hersha Hospitality Trust by 78.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 53,420 shares of the real estate investment trust’s stock worth $1,162,000 after buying an additional 23,520 shares in the last quarter. Bank of Montreal Can increased its position in 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 in the last quarter. Deere & Co. increased its position in 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 in the last quarter. Finally, Advantus Capital Management Inc increased its position in 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 in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.