Hersha Hospitality Trust (HT) Position Trimmed by Jennison Associates LLC

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Jennison Associates LLC decreased its position in shares of Hersha Hospitality Trust (NYSE:HT) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,399,335 shares of the real estate investment trust’s stock after selling 69,849 shares during the quarter. Jennison Associates LLC owned 8.62% of Hersha Hospitality Trust worth $59,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Hersha Hospitality Trust by 555.9% in 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. Matarin Capital Management LLC bought a new position in shares of Hersha Hospitality Trust in the third quarter worth about $16,658,000. Hillcrest Asset Management LLC bought a new position in shares of Hersha Hospitality Trust in the third quarter worth about $9,355,000. Renaissance Technologies LLC increased its stake in shares of Hersha Hospitality Trust by 157.0% in the third quarter. Renaissance Technologies LLC now owns 634,300 shares of the real estate investment trust’s stock valued at $14,380,000 after buying an additional 387,500 shares during the period. Finally, Chicago Equity Partners LLC increased its stake in shares of Hersha Hospitality Trust by 2,654.0% in the third quarter. Chicago Equity Partners LLC now owns 341,500 shares of the real estate investment trust’s stock valued at $7,742,000 after buying an additional 329,100 shares during the period. 97.76% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on HT shares. ValuEngine raised Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Janney Montgomery Scott raised Hersha Hospitality Trust from a “neutral” rating to a “buy” rating in a research note on Thursday, December 20th. Zacks Investment Research downgraded Hersha Hospitality Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Wells Fargo & Co downgraded Hersha Hospitality Trust from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $17.50 to $16.75 in a research note on Monday, December 10th. Finally, Raymond James downgraded Hersha Hospitality Trust from a “mkt perform” rating to an “underperform” rating in a research note on Tuesday, January 8th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Hersha Hospitality Trust presently has an average rating of “Hold” and an average target price of $20.42.

In other news, insider Neil H. Shah bought 3,000 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was acquired at an average price of $16.84 per share, with a total value of $50,520.00. Following the transaction, the insider now owns 326,752 shares of the company’s stock, valued at approximately $5,502,503.68. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas J. Hutchison III sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $16.94, for a total transaction of $169,400.00. Following the sale, the director now directly owns 75,510 shares of the company’s stock, valued at approximately $1,279,139.40. The disclosure for this sale can be found here. Corporate insiders own 10.30% of the company’s stock.

Hersha Hospitality Trust stock opened at $18.64 on Tuesday. Hersha Hospitality Trust has a 1 year low of $16.50 and a 1 year high of $24.16. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.45 and a quick ratio of 0.45. The company has a market capitalization of $734.86 million, a PE ratio of 8.63, a PEG ratio of 1.87 and a beta of 1.43.

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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 7,730 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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