Hospitality Properties Trust (HPT) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its position in Hospitality Properties Trust (NASDAQ:HPT) by 6.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 75,074 shares of the real estate investment trust’s stock after buying an additional 4,403 shares during the period. State of Alaska Department of Revenue’s holdings in Hospitality Properties Trust were worth $1,973,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. We Are One Seven LLC purchased a new stake in shares of Hospitality Properties Trust during the fourth quarter worth about $42,000. KBC Group NV bought a new position in Hospitality Properties Trust in the fourth quarter worth about $57,000. Bronfman E.L. Rothschild L.P. raised its stake in Hospitality Properties Trust by 600.3% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,041 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 3,464 shares in the last quarter. First Hawaiian Bank raised its stake in Hospitality Properties Trust by 10.9% in the fourth quarter. First Hawaiian Bank now owns 5,271 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 520 shares in the last quarter. Finally, BDO Wealth Advisors LLC raised its stake in Hospitality Properties Trust by 47.8% in the fourth quarter. BDO Wealth Advisors LLC now owns 5,631 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,821 shares in the last quarter. 75.62% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on HPT shares. BidaskClub downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Zacks Investment Research raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Thursday, January 17th. B. Riley set a $32.00 price target on shares of Hospitality Properties Trust and gave the stock a “buy” rating in a research note on Thursday, February 28th. Finally, ValuEngine raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Hospitality Properties Trust presently has an average rating of “Hold” and a consensus target price of $30.33.

Shares of NASDAQ HPT opened at $26.20 on Thursday. Hospitality Properties Trust has a fifty-two week low of $22.47 and a fifty-two week high of $29.43. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 7.10, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.61.

Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $550.80 million during the quarter, compared to the consensus estimate of $538.02 million. Hospitality Properties Trust had a net margin of 8.09% and a return on equity of 5.90%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. On average, sell-side analysts anticipate that Hospitality Properties Trust will post 3.67 EPS for the current year.

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

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