Cadence Capital Management LLC Grows Holdings in Hospitality Properties Trust (HPT)

Cadence Capital Management LLC raised its stake in Hospitality Properties Trust (NASDAQ:HPT) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,472 shares of the real estate investment trust’s stock after buying an additional 1,789 shares during the quarter. Cadence Capital Management LLC’s holdings in Hospitality Properties Trust were worth $355,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Ffcm LLC increased its stake in shares of Hospitality Properties Trust by 221.1% during the 2nd quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 2,640 shares during the last quarter. Kemper Corp Master Retirement Trust increased its stake in shares of Hospitality Properties Trust by 0.5% during the 2nd quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 25 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Hospitality Properties Trust by 8.4% during the 2nd quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock worth $199,000 after purchasing an additional 527 shares during the last quarter. Girard Partners LTD. acquired a new position in shares of Hospitality Properties Trust during the 3rd quarter worth $202,000. Finally, Bank of Montreal Can increased its stake in shares of Hospitality Properties Trust by 4.1% during the 2nd quarter. Bank of Montreal Can now owns 8,125 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 75.62% of the company’s stock.

Hospitality Properties Trust (HPT) opened at $30.10 on Thursday. Hospitality Properties Trust has a 12 month low of $26.64 and a 12 month high of $32.68. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.44. The stock has a market cap of $4,971.56, a price-to-earnings ratio of 8.38, a P/E/G ratio of 1.69 and a beta of 1.05.

Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. Hospitality Properties Trust had a net margin of 11.66% and a return on equity of 8.79%. The business had revenue of $577.60 million for the quarter, compared to analyst estimates of $581.67 million. During the same period last year, the business posted $1.03 EPS. Hospitality Properties Trust’s revenue was up 6.3% compared to the same quarter last year. equities analysts anticipate that Hospitality Properties Trust will post 3.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were paid a $0.52 dividend. The ex-dividend date was Friday, October 20th. This represents a $2.08 dividend on an annualized basis and a yield of 6.91%. Hospitality Properties Trust’s payout ratio is presently 148.57%.

Several research analysts have recently commented on HPT shares. BidaskClub upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. B. Riley restated a “buy” rating on shares of Hospitality Properties Trust in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating and set a $33.00 price target (down previously from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Finally, FBR & Co reiterated a “buy” rating and issued a $33.00 target price (down from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Hospitality Properties Trust has an average rating of “Buy” and a consensus price target of $32.17.

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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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