Hospitality Properties Trust (NASDAQ:HPT) Sees Large Drop in Short Interest

Hospitality Properties Trust (NASDAQ:HPT) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 2,180,069 shares, a decline of 32.2% from the October 13th total of 3,214,486 shares. Based on an average daily volume of 500,766 shares, the days-to-cover ratio is presently 4.4 days. Approximately 1.3% of the company’s stock are sold short.

Shares of Hospitality Properties Trust (NASDAQ:HPT) traded up $0.20 during midday trading on Monday, hitting $30.11. 506,567 shares of the stock were exchanged, compared to its average volume of 598,919. The firm has a market capitalization of $4,915.68, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.42 and a quick ratio of 0.42. 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 data on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.03. Hospitality Properties Trust had a net margin of 14.84% and a return on equity of 12.35%. The firm had revenue of $577.60 million during the quarter, compared to analysts’ expectations of $581.67 million. During the same period last year, the business earned $1.03 earnings per share. Hospitality Properties Trust’s revenue was up 6.3% compared to the same quarter last year. equities research analysts expect that Hospitality Properties Trust will post 3.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 6.91%. The ex-dividend date was Friday, October 20th. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 148.57%.

Several research firms have weighed in on HPT. Zacks Investment Research raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, November 10th. BidaskClub raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, November 10th. B. Riley reissued a “buy” rating on shares of Hospitality Properties Trust in a report on Wednesday, November 1st. Robert W. Baird set a $30.00 price target on shares of Hospitality Properties Trust and gave the stock a “hold” rating in a report on Tuesday, October 17th. Finally, Canaccord Genuity restated a “hold” rating and set a $30.00 price objective (down from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $32.17.

A number of hedge funds have recently made changes to their positions in the business. Kemper Corp Master Retirement Trust boosted its stake in Hospitality Properties Trust by 0.5% during the second quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 25 shares during the period. Honkamp Krueger Financial Services Inc. boosted its stake in Hospitality Properties Trust by 1.5% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 7,686 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 110 shares during the period. Naples Global Advisors LLC boosted its stake in shares of Hospitality Properties Trust by 0.4% in the second quarter. Naples Global Advisors LLC now owns 34,222 shares of the real estate investment trust’s stock valued at $998,000 after purchasing an additional 125 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Hospitality Properties Trust by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,159 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 200 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in shares of Hospitality Properties Trust by 1.9% in the second quarter. Capstone Asset Management Co. now owns 12,805 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 240 shares during the period. 75.62% of the stock is owned by institutional investors.

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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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