PGGM Investments reduced its stake in shares of Hospitality Properties Trust (NASDAQ:HPT) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,323 shares of the real estate investment trust’s stock after selling 2,448 shares during the period. PGGM Investments owned about 0.06% of Hospitality Properties Trust worth $2,750,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Hospitality Properties Trust by 117.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 2,700 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Hospitality Properties Trust during the first quarter valued at about $198,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Hospitality Properties Trust by 3,130.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,460 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 6,260 shares during the period. Jane Street Group LLC purchased a new stake in shares of Hospitality Properties Trust during the first quarter valued at about $209,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Hospitality Properties Trust during the first quarter worth $211,000. Institutional investors own 77.19% of the company’s stock.
Hospitality Properties Trust (NASDAQ:HPT) opened at 27.33 on Friday. The stock has a market cap of $4.49 billion, a P/E ratio of 23.22 and a beta of 1.01. Hospitality Properties Trust has a 12-month low of $26.06 and a 12-month high of $32.68. The firm’s 50 day moving average price is $28.58 and its 200-day moving average price is $30.29.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The firm had revenue of $570.60 million during the quarter, compared to analysts’ expectations of $557.61 million. During the same period in the prior year, the firm posted $1.09 earnings per share. Hospitality Properties Trust’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Hospitality Properties Trust will post $1.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 24th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 7.61%. The ex-dividend date was Thursday, July 20th. Hospitality Properties Trust’s dividend payout ratio is currently 176.27%.
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HPT has been the subject of a number of recent research reports. Zacks Investment Research lowered 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 Hospitality Properties Trust and gave the company a “buy” rating in a research note on Saturday, May 13th. BidaskClub raised Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th. Robert W. Baird reissued a “neutral” rating and issued a $32.00 target price (up previously from $31.00) on shares of Hospitality Properties Trust in a research note on Friday, June 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $33.00 target price (down previously from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.86.
About Hospitality Properties Trust
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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