Yesterday, the CEO of Hersha Hospitality (HT), Jay Shah, bought shares of HT for $50.05K.
In addition to Jay Shah, 3 other HT executives reported Buy trades in the last month. Following Jay Shah’s last HT Buy transaction on August 27, 2019, the stock climbed by 0.6%.
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Based on Hersha Hospitality’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $136 million and quarterly net profit of $330K. In comparison, last year the company earned revenue of $127 million and had a net profit of $2.61 million. The company has a one-year high of $20.38 and a one-year low of $13.00. Currently, Hersha Hospitality has an average volume of 373.32K.
In the last 30 days, insiders have sold $144.5K worth of HT shares and purchased $149.4K worth of HT shares. The insider sentiment on Hersha Hospitality has been neutral according to 27 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates hotels in urban gateway markets. Its hotel properties are located in in New York, Boston, Philadelphia, Washington, the District of Columbia, Miami, and select markets on the West Coast.
