Nomura Asset Management Co. Ltd. Boosts Holdings in Hersha Hospitality Trust (HT)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Hersha Hospitality Trust (NYSE:HT) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,000 shares of the real estate investment trust’s stock after acquiring an additional 2,900 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Hersha Hospitality Trust worth $430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HT. Schwab Charles Investment Management Inc. grew its holdings in Hersha Hospitality Trust by 6.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 537,488 shares of the real estate investment trust’s stock worth $9,353,000 after acquiring an additional 31,079 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Hersha Hospitality Trust during the 4th quarter worth approximately $308,000. Teacher Retirement System of Texas bought a new stake in Hersha Hospitality Trust during the 4th quarter worth approximately $252,000. California Public Employees Retirement System grew its holdings in Hersha Hospitality Trust by 2.5% during the 4th quarter. California Public Employees Retirement System now owns 130,220 shares of the real estate investment trust’s stock worth $2,266,000 after acquiring an additional 3,152 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Hersha Hospitality Trust by 5.5% during the 4th quarter. Wells Fargo & Company MN now owns 163,299 shares of the real estate investment trust’s stock worth $2,842,000 after acquiring an additional 8,455 shares during the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HT opened at $20.85 on Tuesday. The company has a market capitalization of $818.08 million, a PE ratio of 9.65, a PEG ratio of 2.07 and a beta of 1.32. Hersha Hospitality Trust has a 52-week low of $16.60 and a 52-week high of $21.55. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.43.



Hersha Hospitality Trust (NYSE:HT) last issued its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.84). The firm had revenue of $99.64 million during the quarter, compared to analyst estimates of $102.92 million. Hersha Hospitality Trust had a return on equity of 5.74% and a net margin of 11.06%. equities research analysts expect that Hersha Hospitality Trust will post 1.84 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 5.37%. Hersha Hospitality Trust’s payout ratio is presently 51.85%.

A number of equities research analysts have weighed in on the stock. B. Riley set a $20.00 target price on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a report on Wednesday, February 21st. Jefferies Financial Group initiated coverage on shares of Hersha Hospitality Trust in a research report on Thursday, May 31st. They issued a “hold” rating and a $22.00 price target on the stock. Stifel Nicolaus restated a “hold” rating and issued a $18.00 price target (down previously from $18.50) on shares of Hersha Hospitality Trust in a research report on Thursday, February 22nd. Robert W. Baird set a $18.00 price target on shares of Hersha Hospitality Trust and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, Raymond James downgraded shares of Hersha Hospitality Trust to a “hold” rating in a research report on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Hersha Hospitality Trust currently has a consensus rating of “Hold” and an average target price of $19.44.

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 7,653 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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