State Street Corp raised its stake in shares of Hospitality Properties Trust (NASDAQ:HPT) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,515,303 shares of the real estate investment trust’s stock after buying an additional 20,879 shares during the quarter. State Street Corp owned about 4.57% of Hospitality Properties Trust worth $219,069,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. lifted its stake in Hospitality Properties Trust by 5,144.8% in the 1st quarter. BlackRock Inc. now owns 16,690,904 shares of the real estate investment trust’s stock valued at $526,264,000 after acquiring an additional 16,372,668 shares in the last quarter. Uniplan Investment Counsel Inc. lifted its stake in Hospitality Properties Trust by 102.4% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 4,551,916 shares of the real estate investment trust’s stock valued at $67,553,000 after acquiring an additional 2,302,654 shares in the last quarter. Numeric Investors LLC bought a new stake in shares of Hospitality Properties Trust during the 2nd quarter worth approximately $6,637,000. Thrivent Financial For Lutherans raised its stake in shares of Hospitality Properties Trust by 245.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 290,199 shares of the real estate investment trust’s stock worth $8,459,000 after purchasing an additional 206,210 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Hospitality Properties Trust by 6.5% during the 2nd quarter. Northern Trust Corp now owns 3,116,831 shares of the real estate investment trust’s stock worth $90,855,000 after purchasing an additional 189,013 shares in the last quarter. Institutional investors and hedge funds own 76.24% of the company’s stock.
Shares of Hospitality Properties Trust (HPT) remained flat at $28.11 on Friday. 19,066 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $28.38 and its 200 day moving average price is $29.18. Hospitality Properties Trust has a 52-week low of $26.06 and a 52-week high of $32.68. The company has a market cap of $4.62 billion, a PE ratio of 23.88 and a beta of 1.04.
Hospitality Properties Trust (NASDAQ:HPT) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.03). Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The business had revenue of $570.60 million for the quarter, compared to analysts’ expectations of $557.61 million. During the same quarter last year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts anticipate that Hospitality Properties Trust will post $1.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 7.40%. The ex-dividend date is Friday, October 20th. Hospitality Properties Trust’s dividend payout ratio is presently 176.27%.
HPT has been the topic of a number of analyst reports. BidaskClub cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Zacks Investment Research upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target (down previously from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Robert W. Baird set a $30.00 price target on Hospitality Properties Trust and gave the company a “hold” rating in a research note on Tuesday, October 17th. Finally, FBR & Co restated a “buy” rating and issued a $33.00 price target (down previously from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.17.
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About Hospitality Properties Trust
Hospitality Properties Trust is a real estate investment trust. The Company’s segments include hotel investments, travel center investments and corporate. As of December 31, 2016, the Company owned 306 hotels with 46,583 rooms or suites, and 198 travel centers. As of December 31, 2016, the Company’s properties were located in 45 states in the United States, Canada and Puerto Rico.
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