Steward Partners Investment Advisory LLC boosted its holdings in shares of Hospitality Properties Trust (NASDAQ:HPT) by 122.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,136 shares of the real estate investment trust’s stock after buying an additional 2,274 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Hospitality Properties Trust were worth $119,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in HPT. Qube Research & Technologies Ltd acquired a new stake in Hospitality Properties Trust during the 2nd quarter worth approximately $133,000. First Hawaiian Bank acquired a new stake in shares of Hospitality Properties Trust in the 3rd quarter valued at $137,000. Hartford Investment Management Co. acquired a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at $202,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at $214,000. Finally, Oakbrook Investments LLC acquired a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at $218,000. Institutional investors own 73.67% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. BidaskClub lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. B. Riley raised their price objective on shares of Hospitality Properties Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 13th. Finally, ValuEngine upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Hospitality Properties Trust presently has an average rating of “Hold” and an average price target of $29.83.
Shares of HPT opened at $25.74 on Friday. Hospitality Properties Trust has a twelve month low of $23.83 and a twelve month high of $31.27. The firm has a market capitalization of $4.21 billion, a PE ratio of 7.08, a PEG ratio of 1.30 and a beta of 0.91. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.49.
Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.48). Hospitality Properties Trust had a net margin of 13.08% and a return on equity of 8.19%. The firm had revenue of $612.00 million during the quarter, compared to analyst estimates of $601.86 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. Hospitality Properties Trust’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts expect that Hospitality Properties Trust will post 3.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, October 29th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, October 26th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.24%. Hospitality Properties Trust’s payout ratio is 59.38%.
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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