CEO of Hersha Hospitality Trust (HT) Jay H Shah sells 50,000 shares of HT on 12/23/2010 at an average price of $6.5 a share.

Hersha Hospitality Trust has a market cap of $1.1 billion; its shares were traded at around $6.53 with and P/S ratio of 5.01. The dividend yield of Hersha Hospitality Trust stocks is 3.06%. Hersha Hospitality Trust had an annual average earning growth of 6.9% over the past 5 years.

HT is in the portfolios of Stanley Druckenmiller of Duquesne Capital Management, LLC, Jim Simons of Renaissance Technologies LLC, George Soros of Soros Fund Management LLC.

CFO Recent Trades:

• Sell: CFO Ashish R Parikh sold 54,046 shares of HT stock on 12/20/2010 at the average price of 6.6. Ashish R Parikh owns at least 276,140 shares after this. The price of the stock has decreased by 1.06% since.

This is the insider trade history vs. stock price of HT. For the complete insider trading history of HT, click here.

Directors and Officers Recent Trades:

• Buy: Director, 10% Owner Eduardo S Elsztain bought 2,952,625 shares of HT stock on 10/19/2010 at the average price of 5.8. Eduardo S Elsztain owns at least 18,134,548 shares after this. The price of the stock has increased by 12.59% since.


• Buy: Director, 10% Owner Eduardo S Elsztain bought 2,952,625 shares of HT stock on 10/19/2010 at the average price of 5.8. Eduardo S Elsztain owns at least 18,134,548 shares after this. The price of the stock has increased by 12.59% since.


• Buy: Director Donald J Landry bought 1,000 shares of HT stock on 09/28/2010 at the average price of 5.15. Donald J Landry owns at least 64,819 shares after this. The price of the stock has increased by 26.8% since.


• Sell: Director Kiran P Patel sold 50,000 shares of HT stock on 12/21/2010 at the average price of 6.6. Kiran P Patel owns at least 55,250 shares after this. The price of the stock has decreased by 1.06% since.


• Sell: Chief Accounting Officer Michael R Gillespie sold 8,000 shares of HT stock on 12/20/2010 at the average price of 6.52. Michael R Gillespie owns at least 66,340 shares after this. The price of the stock has increased by 0.15% since.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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