Hospitality Properties Trust (HPT) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY trimmed its stake in Hospitality Properties Trust (NASDAQ:HPT) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,080,838 shares of the real estate investment trust’s stock after selling 34,813 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.66% of Hospitality Properties Trust worth $30,793,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Tocqueville Asset Management L.P. grew its position in Hospitality Properties Trust by 10.6% during the third quarter. Tocqueville Asset Management L.P. now owns 161,810 shares of the real estate investment trust’s stock valued at $4,610,000 after acquiring an additional 15,485 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Hospitality Properties Trust by 11.9% during the third quarter. Canada Pension Plan Investment Board now owns 47,900 shares of the real estate investment trust’s stock valued at $1,365,000 after acquiring an additional 5,100 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Hospitality Properties Trust during the third quarter valued at approximately $406,000. Private Capital Management Inc. grew its position in Hospitality Properties Trust by 73.3% during the third quarter. Private Capital Management Inc. now owns 13,000 shares of the real estate investment trust’s stock valued at $370,000 after acquiring an additional 5,500 shares during the last quarter. Finally, Honeywell International Inc. grew its position in Hospitality Properties Trust by 70.6% during the third quarter. Honeywell International Inc. now owns 31,178 shares of the real estate investment trust’s stock valued at $888,000 after acquiring an additional 12,903 shares during the last quarter. Institutional investors own 76.17% of the company’s stock.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The business had revenue of $570.60 million during the quarter, compared to analysts’ expectations of $557.61 million. During the same quarter last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Friday, October 20th. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 176.27%.

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A number of research analysts have commented on HPT shares. Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub cut shares of Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. FBR & Co restated a “buy” rating and issued a $33.00 target price (down previously from $35.00) on shares of Hospitality Properties Trust in a report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 target price (down previously from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Finally, Canaccord Genuity restated a “hold” rating and issued a $30.00 target price (down previously from $32.00) on shares of Hospitality Properties Trust in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $32.17.

Hospitality Properties Trust 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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Institutional Ownership by Quarter for Hospitality Properties Trust (NASDAQ:HPT)

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