ValuEngine cut shares of Hersha Hospitality Trust (NYSE:HT) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

HT has been the topic of several other research reports. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a strong-buy rating to a hold rating in a report on Tuesday, October 23rd. Barclays boosted their price objective on shares of Hersha Hospitality Trust from $18.00 to $20.00 and gave the stock an underweight rating in a report on Monday, July 30th. Finally, Robert W. Baird downgraded shares of Hersha Hospitality Trust from an outperform rating to a neutral rating in a report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $21.63.

Shares of NYSE:HT traded down $0.41 during midday trading on Wednesday, hitting $17.43. The stock had a trading volume of 549,622 shares, compared to its average volume of 378,329. The company has a market cap of $687.16 million, a price-to-earnings ratio of 8.07, a PEG ratio of 1.77 and a beta of 1.29. The company has a quick ratio of 0.56, a current ratio of 0.45 and a debt-to-equity ratio of 1.09. Hersha Hospitality Trust has a 1 year low of $16.60 and a 1 year high of $24.16.

Hersha Hospitality Trust (NYSE:HT) last issued its earnings results on Tuesday, October 23rd. The real estate investment trust reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $127.88 million for the quarter, compared to analyst estimates of $134.82 million. On average, research analysts forecast that Hersha Hospitality Trust will post 1.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 1st were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend was Friday, September 28th. Hersha Hospitality Trust’s dividend payout ratio is currently 51.85%.

In other Hersha Hospitality Trust news, Director Thomas J. Hutchison III sold 10,000 shares of Hersha Hospitality Trust stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $21.94, for a total transaction of $219,400.00. Following the completion of the transaction, the director now owns 85,510 shares in the company, valued at $1,876,089.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hutchison III sold 5,000 shares of Hersha Hospitality Trust stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $22.69, for a total transaction of $113,450.00. Following the transaction, the director now owns 85,510 shares of the company’s stock, valued at approximately $1,940,221.90. The disclosure for this sale can be found here. 10.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its position in Hersha Hospitality Trust by 555.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 931,565 shares of the real estate investment trust’s stock worth $20,999,000 after acquiring an additional 789,537 shares during the last quarter. Bank of Montreal Can raised its position in Hersha Hospitality Trust by 28.2% during the third quarter. Bank of Montreal Can now owns 290,913 shares of the real estate investment trust’s stock worth $6,595,000 after acquiring an additional 63,952 shares during the last quarter. State of Alaska Department of Revenue raised its position in Hersha Hospitality Trust by 94.0% during the third quarter. State of Alaska Department of Revenue now owns 23,524 shares of the real estate investment trust’s stock worth $531,000 after acquiring an additional 11,398 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in Hersha Hospitality Trust by 5.8% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 1,260,880 shares of the real estate investment trust’s stock worth $28,584,000 after acquiring an additional 69,381 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in Hersha Hospitality Trust during the second quarter worth about $253,000. Institutional investors own 92.73% 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 7,666 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.

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Analyst Recommendations for Hersha Hospitality Trust (NYSE:HT)

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