Hersha Hospitality Trust (HT): Michael A Leven , director of Hersha Hospitality Trust purchased 40,000 shares on May 24, 2016. The Insider buying transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were purchased at $25.00 per share for a total value of $1,000,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 25, 2016, Donald J Landry (director) purchased 1,000 shares at $20.37 per share price.On Feb 23, 2016, Neil H Shah (COO) purchased 5,000 shares at $19.97 per share price.Also, On Feb 23, 2016, Michael R Gillespie (Chief Accounting Officer) purchased 500 shares at $20.59 per share price.On Feb 23, 2016, Jay H Shah (CEO) purchased 5,000 shares at $19.95 per share price.
Shares of Hersha Hospitality Trust (HT) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -0.62% at $17.61 with 2,97,029 shares getting traded. Post opening the session at $17.68, the shares hit an intraday low of $17.58 and an intraday high of $18.01 and the price vacillated in this range throughout the day. The company has a market cap of $775 M and the number of outstanding shares has been calculated to be 4,40,34,660 shares. The 52-week high of Hersha Hospitality Trust is $28.6 and the 52-week low is $16.13.
Company has been under the radar of several Street Analysts.Hersha Hospitality Trust is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 19, 2016.Hersha Hospitality Trust is Resumed by Stifel to Hold. The Rating was issued on Mar 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.