Legal & General Group Plc increased its stake in Hospitality Properties Trust (NASDAQ:HPT) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,150,423 shares of the real estate investment trust’s stock after acquiring an additional 56,510 shares during the period. Legal & General Group Plc owned approximately 0.70% of Hospitality Properties Trust worth $32,778,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ffcm LLC grew its position in Hospitality Properties Trust by 221.1% in the second quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 2,640 shares in the last quarter. Kemper Corp Master Retirement Trust grew its position in Hospitality Properties Trust by 0.5% in 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 acquiring an additional 25 shares in the last quarter. Quantbot Technologies LP grew its position in Hospitality Properties Trust by 8.4% in the second quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 527 shares in the last quarter. Girard Partners LTD. purchased a new position in Hospitality Properties Trust in the third quarter worth about $202,000. Finally, Bank of Montreal Can grew its position in Hospitality Properties Trust by 4.1% in the second quarter. Bank of Montreal Can now owns 8,125 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 323 shares in the last quarter. Institutional investors own 75.62% of the company’s stock.
A number of equities analysts recently commented on the stock. Canaccord Genuity reissued a “hold” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. B. Riley reaffirmed a “buy” rating on shares of Hospitality Properties Trust in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Hospitality Properties Trust from a “buy” rating to a “sell” rating in a report on Monday, October 23rd. 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, Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price target (down 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 issued a buy rating to the stock. Hospitality Properties Trust currently has a consensus rating of “Buy” and a consensus target price of $32.17.
Shares of Hospitality Properties Trust (NASDAQ:HPT) opened at $30.11 on Friday. The firm has a market cap of $4,945.27, a price-to-earnings ratio of 8.34, a PEG ratio of 1.68 and a beta of 1.05. The company has a current ratio of 0.42, a quick ratio of 0.42 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 announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The firm had revenue of $577.60 million for the quarter, compared to analyst estimates of $581.67 million. Hospitality Properties Trust had a net margin of 11.66% and a return on equity of 8.79%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. analysts predict that Hospitality Properties Trust will post 3.58 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend was Friday, October 20th. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 148.57%.
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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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