Paloma Partners Management Co reduced its position in Hospitality Properties Trust (NASDAQ:HPT) by 44.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,744 shares of the real estate investment trust’s stock after selling 14,468 shares during the period. Paloma Partners Management Co’s holdings in Hospitality Properties Trust were worth $559,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Allianz Asset Management AG raised its stake in Hospitality Properties Trust by 6.1% in the fourth quarter. Allianz Asset Management AG now owns 36,121 shares of the real estate investment trust’s stock worth $1,147,000 after buying an additional 2,068 shares during the period. Renaissance Technologies LLC purchased a new stake in Hospitality Properties Trust during the fourth quarter worth $10,728,000. GSA Capital Partners LLP purchased a new stake in Hospitality Properties Trust during the fourth quarter worth $216,000. AQR Capital Management LLC raised its stake in Hospitality Properties Trust by 25.0% in the fourth quarter. AQR Capital Management LLC now owns 47,547 shares of the real estate investment trust’s stock worth $1,509,000 after buying an additional 9,513 shares during the period. Finally, Norges Bank purchased a new stake in Hospitality Properties Trust during the fourth quarter worth $44,594,000. 77.85% of the stock is currently owned by institutional investors.
Hospitality Properties Trust (NASDAQ:HPT) opened at 29.42 on Monday. The company has a market capitalization of $4.83 billion, a P/E ratio of 25.83 and a beta of 1.01. The firm has a 50-day moving average of $29.47 and a 200-day moving average of $30.93. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, May 10th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $488.60 million for the quarter, compared to the consensus estimate of $482.04 million. Hospitality Properties Trust had a net margin of 10.10% and a return on equity of 7.54%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Analysts anticipate that Hospitality Properties Trust will post $1.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date of this dividend is Thursday, July 20th. Hospitality Properties Trust’s dividend payout ratio (DPR) is 180.87%.
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HPT has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on shares of Hospitality Properties Trust in a research report on Wednesday, March 22nd. They issued a “buy” rating and a $35.00 price objective on the stock. JMP Securities restated a “market perform” rating on shares of Hospitality Properties Trust in a research note on Friday, April 7th. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. FBR & Co set a $35.00 target price on shares of Hospitality Properties Trust and gave the stock a “buy” rating in a research note on Saturday, May 13th. Finally, BidaskClub upgraded shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.21.
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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