Hersha Hospitality Trust (HT) Files Form 4 Insider Buying : Neil H Shah Buys 4,700 Shares

Hersha Hospitality Trust (HT): Neil H Shah , COO of Hersha Hospitality Trust purchased 4,700 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $18.37 per share for a total value of $86,484.38 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 13, 2016, Jay H Shah (CEO) purchased 4,700 shares at $18.37 per share price.On Sep 8, 2016, Neil H Shah (COO) purchased 665 shares at $18.75 per share price.Also, On Aug 18, 2016, Hasu P Shah (Chairman of the Board) purchased 3,000 shares at $19.00 per share price.On May 31, 2016, Michael A Leven (director) purchased 40,000 shares at $25.00 per share price.

Hersha Hospitality Trust: On Monday, Sep 12, 2016 heightened volatility was witnessed in Hersha Hospitality Trust which led to swings in the share price. The shares opened for trading at $18.14 and hit $18.3 on the upside , eventually ending the session at $18.22, with a gain of 0.22% or 0.04 points. The heightened volatility saw the trading volume jump to 471,494 shares. The 52-week high of the share price is $25.63 and the company has a market cap of $773 M . The 52-week low of the share price is at $15.36.

Hersha Hospitality Trust Money Flow Index Chart

Company has been under the radar of several Street Analysts.Hersha Hospitality Trust is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 21 from a previous price target of $23 . The Rating was issued on Aug 9, 2016.Hersha Hospitality Trust is Reiterated by FBR Capital to Outperform while Lowering the Price Target of the company shares to $ 26 from a previous price target of $28 . The Rating was issued on Jul 29, 2016.

Hersha Hospitality Trust is a real estate investment trust (REIT). The Company invests in institutional grade hotels in urban gateway markets including New York Washington DC Boston Philadelphia South Florida and West Coast. The Company owns its hotels and its investments in joint ventures through its operating partnership Hersha Hospitality Limited Partnership for which it serves as general partner. The Company owned an approximately 95.8% partnership interest in its operating partnership. Its nationally-franchised hotels operating under brands such as Marriott Residence Inn by Marriott Courtyard by Marriott Hilton Hotels Hilton Garden Inn Hampton Inn Holiday Inn Express Candlewood Suites Hyatt House Hyatt Place Hyatt and Sheraton Hotels. Its portfolio consisted of approximately 46 wholly owned limited and service properties with a total of approximately 6587 rooms and interests in approximately five limited and service properties with a total of over 1369 rooms.

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