Hersha Hospitality Trust (NYSE:HT – Get Rating) declared a quarterly dividend on Monday, September 19th, Zacks reports. Stockholders of record on Friday, September 30th will be given a dividend of 0.05 per share by the real estate investment trust on Monday, October 17th. This represents a $0.20 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, September 29th.
Hersha Hospitality Trust Trading Down 0.8 %
Hersha Hospitality Trust stock opened at $9.89 on Wednesday. The firm's fifty day moving average price is $10.30 and its 200 day moving average price is $9.95. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.51. Hersha Hospitality Trust has a 12-month low of $7.92 and a 12-month high of $12.15.
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Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Hersha Hospitality Trust during the second quarter worth approximately $30,000. Captrust Financial Advisors acquired a new position in Hersha Hospitality Trust during the 2nd quarter worth $60,000. JPMorgan Chase & Co. grew its stake in shares of Hersha Hospitality Trust by 23.1% in the first quarter. JPMorgan Chase & Co. now owns 15,626 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 2,936 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Hersha Hospitality Trust during the second quarter valued at about $159,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Hersha Hospitality Trust in the first quarter worth about $195,000. Institutional investors own 69.38% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on HT shares. Wells Fargo & Company lowered Hersha Hospitality Trust from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $13.00 to $11.50 in a research note on Monday, August 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hersha Hospitality Trust from $9.00 to $10.00 in a research report on Monday, August 22nd. TheStreet raised shares of Hersha Hospitality Trust from a "d+" rating to a "c-" rating in a research report on Thursday, August 4th. StockNews.com upgraded Hersha Hospitality Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 16th. Finally, Jefferies Financial Group upgraded Hersha Hospitality Trust from a "hold" rating to a "buy" rating and boosted their price target for the company from $11.00 to $13.00 in a report on Friday, June 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.00.
Hersha Hospitality Trust Company Profile
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Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale and lifestyle hotels in urban gateway markets and resort destinations. The Company's 49 hotels totaling 7,774 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast.
Further Reading
- Get a free copy of the StockNews.com research report on Hersha Hospitality Trust (HT)
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