Insider Trading Alert: Hersha Hospitality Trust $HT

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Hersha Hospitality Trust (NYSE:HT) insider have most recently took part in a trading activity. On Aug 30, 2017 Shah Neil H, President and COO bought 4,165 shares having total worth of $74,678 at the price of $17.93 per share, following the transaction a total of 375,473 shares owned by Shah Neil H. Before this latest buy, Shah Neil H purchased HT at 6 other times during the past twelve months, for a total investment of $224,037 at an average of $17.92 per share.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 buy trades. Furthermore, over the past 12 months , the stock was traded 14 times by insiders. In 3 of these trades, the insider was a seller while an employee of the company was the buyer in 11 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 0 -2.59%
12 Month 11 3 -8.25%

Shares of Hersha Hospitality Trust (NYSE:HT) traded up 0.45% on Aug 29, 2017, hitting $17.96. 492,251 shares of the company’s stock traded hands. Hersha Hospitality Trust has a 52 week low of $14.47 and a 52 week high of $20.88. The company’s market cap is $773 million.

Hersha Hospitality Trust (NYSE:HT) last announced its earnings results on Jul 25, 2017. The company reported 0.77 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.31 by $0.46. The company had revenue of $138 million for the quarter, compared to the consensus estimate of $134 million. During the same quarter in the previous year, the company posted 0.89 earnings per share. The company’s revenue for the quarter was up 8% on a year-over-year basis.

2017-07-25 2017-04-25 2017-02-22 2016-10-25 2016-07-27 2016-04-28 2016-02-16 2015-10-28 2015-07-28 2015-04-27
earnings per share 0.77 0.30 0.52 0.72 0.89 0.28 0.67 0.67 0.76 0.07
Revenue(M) 138 108 111.45 120.61 127.72 106.87 123.13 124.52 127.03 95.71

Hersha Hospitality Trust is a self-advised Maryland statutory real estate investment trust that was organized in 1998. The Company invests in institutional grade, upscale hotels in metropolitan central business districts primarily in the Northeastern United States. It invests mainly in institutional grade hotels in urban and central business districts, main suburban office markets and stable destination and secondary markets in the Northeastern United States, Florida and select markets on the West Coast. As of December 31, 2012, its portfolio consisted of 57 wholly owned limited and full service properties with a total of 7,616 rooms and interests in seven limited and full service properties owned through joint venture investments with a total of 1,605 rooms. These 64 properties, with a total of 9,221 rooms, are located in Arizona, California, Connecticut, Delaware, District of Columbia, Florida, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island and Virginia and operate under brands, owned by Marriott International, Inc. (“Marriott”), Hilton Worldwide, Inc. (“Hilton”), InterContinental Hotels Group (“IHG”), Hyatt Corporation (“Hyatt”), Starwood Hotels and Resorts Worldwide, Inc. (“Starwood”) or Choice Hotels International, Inc. (“Choice”). The Company has made 56 consecutive quarterly distributions to the holders of its common shares since its initial public offering in January 1999. Its main strategy is to continue to acquire high quality, upscale, mid-scale and extended-stay hotels in metropolitan markets with high barriers to entry in the Northeastern United States, Florida and other markets with similar characteristics. It faces competition for the acquisition of hotels from institutional pension funds, private equity funds, REITs, hotel companies and others who are engaged in the acquisition of hotels.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.