Teachers Retirement System of The State of Kentucky grew its position in Hospitality Properties Trust (NASDAQ:HPT) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,600 shares of the real estate investment trust’s stock after acquiring an additional 3,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Hospitality Properties Trust were worth $943,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of HPT. Fieldpoint Private Securities LLC acquired a new stake in shares of Hospitality Properties Trust in the third quarter valued at about $108,000. Oakbrook Investments LLC acquired a new stake in shares of Hospitality Properties Trust in the fourth quarter valued at about $207,000. Lourd Capital LLC acquired a new stake in shares of Hospitality Properties Trust in the fourth quarter valued at about $229,000. ARP Americas LP acquired a new stake in shares of Hospitality Properties Trust in the fourth quarter valued at about $257,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Hospitality Properties Trust in the fourth quarter valued at about $287,000. 77.21% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the stock. Wells Fargo upgraded shares of Hospitality Properties Trust from an “underperform” rating to a “market perform” rating and reduced their price objective for the company from $28.00 to $25.00 in a research note on Monday. Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Robert W. Baird restated a “hold” rating and set a $27.00 target price on shares of Hospitality Properties Trust in a research report on Tuesday, March 6th. TheStreet cut shares of Hospitality Properties Trust from a “b” rating to a “c+” rating in a research report on Thursday, March 1st. Finally, ValuEngine cut shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Hospitality Properties Trust presently has an average rating of “Hold” and a consensus target price of $31.00.
Hospitality Properties Trust stock opened at $25.00 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.45. The stock has a market cap of $4,130.01, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.35 and a beta of 1.00. Hospitality Properties Trust has a 52-week low of $23.93 and a 52-week high of $32.68.
Hospitality Properties Trust (NASDAQ:HPT) last announced its earnings results on Thursday, March 1st. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $535.14 million during the quarter, compared to analysts’ expectations of $518.18 million. Hospitality Properties Trust had a net margin of 9.91% and a return on equity of 6.16%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. equities analysts expect that Hospitality Properties Trust will post 3.73 EPS for the current year.
The company also recently declared a dividend, which was paid on Monday, February 26th. Stockholders of record on Monday, January 29th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, January 26th. This represents a dividend yield of 0.0178448867536033%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 167.74%.
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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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