The Manufacturers Life Insurance Company raised its position in Hospitality Properties Trust (NASDAQ:HPT) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,418 shares of the real estate investment trust’s stock after buying an additional 4,101 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.15% of Hospitality Properties Trust worth $7,038,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ffcm LLC grew its position in Hospitality Properties Trust by 221.1% during the second quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 2,640 shares in the last quarter. Kemper Corp Master Retirement Trust boosted its holdings in shares of Hospitality Properties Trust by 0.5% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 25 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Hospitality Properties Trust by 117.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 2,700 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Hospitality Properties Trust in the 1st quarter worth about $209,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Hospitality Properties Trust in the 1st quarter valued at about $214,000. Hedge funds and other institutional investors own 76.17% of the company’s stock.
Shares of Hospitality Properties Trust (NASDAQ:HPT) traded down $0.03 on Friday, reaching $29.60. The company’s stock had a trading volume of 599,300 shares, compared to its average volume of 603,787. The stock has a market cap of $4,869.66, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.66 and a beta of 1.05. The company has a current ratio of 0.42, a quick ratio of 0.57 and a debt-to-equity ratio of 1.44. Hospitality Properties Trust has a 1-year low of $26.64 and a 1-year high of $32.68.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The firm had revenue of $577.60 million for the quarter, compared to analysts’ expectations of $581.67 million. During the same period in the prior year, the firm earned $1.03 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. equities analysts expect that Hospitality Properties Trust will post 3.57 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $2.08 dividend on an annualized basis and a yield of 7.03%. Hospitality Properties Trust’s dividend payout ratio is currently 148.57%.
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A number of equities research analysts have recently weighed in on HPT shares. BidaskClub raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research lowered Hospitality Properties Trust from a “buy” rating to a “sell” rating in a research report on Monday, October 23rd. Robert W. Baird set a $30.00 target price on Hospitality Properties Trust and gave the stock a “hold” rating in a report on Tuesday, October 17th. Canaccord Genuity reiterated a “hold” rating and set a $30.00 target price (down previously from $32.00) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $33.00 target price (down previously from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Hospitality Properties Trust presently has a consensus rating of “Buy” and a consensus target price of $32.17.
Hospitality Properties Trust Company Profile
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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