Grab This Bargain 6.2% Yield Dividend Stock Even Cheaper Than COO Shah Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 30, Hersha Hospitality Trust's COO, Neil H. Shah, invested $74,674.90 into 4,165 shares of HT, for a cost per share of $17.93. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Thursday, bargain hunters could buy shares of Hersha Hospitality Trust ( HT) and achieve a cost basis even cheaper than Shah, with shares changing hands as low as $17.90 per share. Hersha Hospitality Trust shares are currently trading down about 0.5% on the day. The chart below shows the one year performance of HT shares, versus its 200 day moving average:

Hersha Hospitality Trust Chart

Looking at the chart above, HT's low point in its 52 week range is $16.80 per share, with $22.14 as the 52 week high point — that compares with a last trade of $17.99. By comparison, below is a table showing the prices at which HT insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
07/11/2017 Neil H. Shah President and COO 1,400 $18.00 $25,200.00
08/30/2017 Neil H. Shah President and COO 4,165 $17.93 $74,674.90

The current annualized dividend paid by Hersha Hospitality Trust is $1.12/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/28/2017. Below is a long-term dividend history chart for HT, which can be of good help in judging whether the most recent dividend with approx. 6.2% annualized yield is likely to continue.

HT+Dividend+History+Chart

According to the ETF Finder at ETF Channel, HT makes up 81822.49% of the SPDR Dow Jones Global Real Estate ETF ( RWO) which is trading higher by about 0.7% on the day Thursday.

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