Systematic Financial Management LP lowered its stake in Hersha Hospitality Trust (NYSE:HT) by 11.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,265 shares of the real estate investment trust’s stock after selling 8,295 shares during the period. Systematic Financial Management LP’s holdings in Hersha Hospitality Trust were worth $1,412,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in Hersha Hospitality Trust by 555.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 931,565 shares of the real estate investment trust’s stock valued at $20,999,000 after purchasing an additional 789,537 shares during the period. Chicago Equity Partners LLC raised its stake in Hersha Hospitality Trust by 2,654.0% during the 3rd quarter. Chicago Equity Partners LLC now owns 341,500 shares of the real estate investment trust’s stock valued at $7,742,000 after purchasing an additional 329,100 shares during the period. Millennium Management LLC acquired a new stake in Hersha Hospitality Trust during the 2nd quarter valued at $5,183,000. Bank of Montreal Can acquired a new stake in Hersha Hospitality Trust during the 2nd quarter valued at $4,868,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Hersha Hospitality Trust during the 3rd quarter valued at $4,938,000. 97.52% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on HT. ValuEngine raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Robert W. Baird set a $20.00 price target on shares of Hersha Hospitality Trust and gave the stock a “hold” rating in a research note on Thursday, October 25th. B. Riley set a $19.00 price target on shares of Hersha Hospitality Trust and gave the stock a “hold” rating in a research note on Thursday, October 25th. Finally, Deutsche Bank set a $19.00 price target on shares of Hersha Hospitality Trust and gave the stock a “hold” rating in a research note on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.63.

In other Hersha Hospitality Trust news, Chairman Hasu P. Shah acquired 1,750 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average cost of $17.25 per share, for a total transaction of $30,187.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Hasu P. Shah acquired 1,450 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average price of $17.25 per share, with a total value of $25,012.50. The disclosure for this purchase can be found here. Insiders purchased 13,500 shares of company stock valued at $233,860 over the last quarter. 10.30% of the stock is currently owned by corporate insiders.

NYSE HT opened at $17.95 on Tuesday. Hersha Hospitality Trust has a 1-year low of $16.60 and a 1-year high of $24.16. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market capitalization of $708.45 million, a PE ratio of 8.31, a P/E/G ratio of 1.97 and a beta of 1.52.

Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The company had revenue of $127.88 million for the quarter, compared to analysts’ expectations of $134.82 million. On average, sell-side analysts predict that Hersha Hospitality Trust will post 1.92 EPS for the current year.

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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 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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Institutional Ownership by Quarter for Hersha Hospitality Trust (NYSE:HT)

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