Element Capital Management LLC acquired a new position in Hospitality Properties Trust (NASDAQ:HPT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,144 shares of the real estate investment trust’s stock, valued at approximately $206,000.
Other institutional investors have also bought and sold shares of the company. Albion Financial Group UT acquired a new stake in Hospitality Properties Trust during the fourth quarter worth about $202,000. BlueCrest Capital Management Ltd acquired a new stake in Hospitality Properties Trust during the fourth quarter worth about $287,000. Invictus RG acquired a new stake in Hospitality Properties Trust during the fourth quarter worth about $400,000. Quantitative Investment Management LLC acquired a new stake in Hospitality Properties Trust during the fourth quarter worth about $411,000. Finally, Koch Industries Inc. acquired a new stake in Hospitality Properties Trust during the first quarter worth about $426,000. Institutional investors and hedge funds own 73.81% of the company’s stock.
Hospitality Properties Trust opened at $28.50 on Wednesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 7.98, a P/E/G ratio of 1.49 and a beta of 1.01. Hospitality Properties Trust has a 1-year low of $23.83 and a 1-year high of $31.27.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, May 9th. The real estate investment trust reported $0.94 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.94. The company had revenue of $528.60 million for the quarter, compared to the consensus estimate of $525.68 million. Hospitality Properties Trust had a return on equity of 6.85% and a net margin of 11.67%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. sell-side analysts predict that Hospitality Properties Trust will post 3.86 EPS for the current year.
A number of equities research analysts recently weighed in on HPT shares. Wells Fargo & Co raised Hospitality Properties Trust from an “underperform” rating to a “market perform” rating and decreased their target price for the stock from $28.00 to $25.00 in a research report on Monday, March 19th. ValuEngine downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. B. Riley reissued a “buy” rating and set a $35.00 target price (up from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, March 2nd. DA Davidson downgraded Hospitality Properties Trust from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Friday, March 2nd. Finally, Zacks Investment Research raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Hospitality Properties Trust presently has an average rating of “Hold” and an average target price of $30.25.
Hospitality Properties Trust Profile
Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
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