Mackay Shields LLC Has $735,000 Position in Hersha Hospitality Trust (NYSE:HT)

Mackay Shields LLC reduced its holdings in Hersha Hospitality Trust (NYSE:HT) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,945 shares of the real estate investment trust’s stock after selling 4,455 shares during the quarter. Mackay Shields LLC owned about 0.11% of Hersha Hospitality Trust worth $735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AXA acquired a new stake in shares of Hersha Hospitality Trust during the third quarter worth approximately $1,075,000. PNC Financial Services Group Inc. increased its holdings in shares of Hersha Hospitality Trust by 861.4% during the third quarter. PNC Financial Services Group Inc. now owns 21,717 shares of the real estate investment trust’s stock worth $494,000 after buying an additional 19,458 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Hersha Hospitality Trust by 21.7% during the third quarter. Martingale Asset Management L P now owns 206,082 shares of the real estate investment trust’s stock worth $4,672,000 after buying an additional 36,700 shares in the last quarter. United Services Automobile Association grew its stake in shares of Hersha Hospitality Trust by 58.5% during the third quarter. United Services Automobile Association now owns 18,720 shares of the real estate investment trust’s stock valued at $424,000 after purchasing an additional 6,906 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in Hersha Hospitality Trust by 1.5% in the third quarter. Loomis Sayles & Co. L P now owns 402,288 shares of the real estate investment trust’s stock valued at $9,120,000 after acquiring an additional 5,798 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of HT stock remained flat at $$17.89 during trading hours on Friday. 209,103 shares of the stock were exchanged, compared to its average volume of 310,287. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.38 and a quick ratio of 0.38. Hersha Hospitality Trust has a one year low of $16.50 and a one year high of $24.16. The company has a market capitalization of $701.02 million, a price-to-earnings ratio of 8.13, a P/E/G ratio of 1.87 and a beta of 1.42.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.26%. Hersha Hospitality Trust’s dividend payout ratio (DPR) is currently 50.91%.

HT has been the topic of a number of recent analyst reports. ValuEngine raised shares of Hersha Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Raymond James cut shares of Hersha Hospitality Trust from a “mkt perform” rating to an “underperform” rating in a research report on Tuesday, January 8th. Zacks Investment Research raised shares of Hersha Hospitality Trust from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, January 11th. Finally, Deutsche Bank restated a “hold” rating and set a $18.00 price objective on shares of Hersha Hospitality Trust in a report on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.31.

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Hersha Hospitality Trust Company Profile

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates high quality upscale, luxury and lifestyle hotels in urban gateway markets and coastal destinations. The Company's 48 hotels totaling 7,644 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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