Hospitality Properties Trust (NASDAQ:HPT) Short Interest Down 9.4% in August

Hospitality Properties Trust (NASDAQ:HPT) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 5,011,800 shares, a drop of 9.4% from the July 31st total of 5,531,600 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 882,000 shares, the short-interest ratio is currently 5.7 days.

Shares of NASDAQ:HPT traded up $0.32 during midday trading on Friday, hitting $25.49. 226,739 shares of the company’s stock were exchanged, compared to its average volume of 837,978. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a 50 day moving average price of $24.40 and a 200-day moving average price of $25.41. The company has a market cap of $4.14 billion, a PE ratio of 6.91 and a beta of 0.98. Hospitality Properties Trust has a 12 month low of $22.47 and a 12 month high of $29.07.

Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Friday, August 9th. The real estate investment trust reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. The company had revenue of $610.60 million during the quarter, compared to the consensus estimate of $606.51 million. Hospitality Properties Trust had a negative net margin of 9.12% and a negative return on equity of 7.74%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, analysts anticipate that Hospitality Properties Trust will post 3.71 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Clean Yield Group bought a new stake in shares of Hospitality Properties Trust during the second quarter worth about $25,000. AdvisorNet Financial Inc increased its position in shares of Hospitality Properties Trust by 50.8% during the second quarter. AdvisorNet Financial Inc now owns 2,078 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 700 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of Hospitality Properties Trust by 239.0% during the second quarter. NEXT Financial Group Inc now owns 2,173 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 1,532 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Hospitality Properties Trust during the second quarter worth about $75,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Hospitality Properties Trust during the second quarter worth about $80,000. 74.79% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on HPT shares. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Stifel Nicolaus downgraded shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $25.00 in a research note on Monday, June 3rd. ValuEngine raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, BidaskClub raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, September 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.33.

Hospitality Properties Trust Company 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, the District of Columbia, 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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