Hospitality Properties Trust (NASDAQ:HPT) Shares Acquired by Eii Capital Management Inc.

Eii Capital Management Inc. boosted its position in Hospitality Properties Trust (NASDAQ:HPT) by 3.0% in the second quarter, HoldingsChannel.com reports. The firm owned 17,599 shares of the real estate investment trust’s stock after purchasing an additional 510 shares during the quarter. Eii Capital Management Inc.’s holdings in Hospitality Properties Trust were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HPT. Norges Bank acquired a new stake in Hospitality Properties Trust in the fourth quarter worth approximately $57,252,000. PGGM Investments lifted its position in Hospitality Properties Trust by 643.1% in the first quarter. PGGM Investments now owns 567,522 shares of the real estate investment trust’s stock worth $14,932,000 after purchasing an additional 491,151 shares during the period. Capital Management Corp VA lifted its position in Hospitality Properties Trust by 104.3% in the first quarter. Capital Management Corp VA now owns 492,984 shares of the real estate investment trust’s stock worth $12,970,000 after purchasing an additional 251,649 shares during the period. Millennium Management LLC lifted its position in Hospitality Properties Trust by 85.1% in the fourth quarter. Millennium Management LLC now owns 470,393 shares of the real estate investment trust’s stock worth $11,233,000 after purchasing an additional 216,326 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Hospitality Properties Trust by 46.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 598,075 shares of the real estate investment trust’s stock worth $15,734,000 after purchasing an additional 190,582 shares during the period. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Shares of NASDAQ HPT traded up $0.49 during trading on Tuesday, hitting $25.19. The company had a trading volume of 839,894 shares, compared to its average volume of 757,843. The company has a market cap of $4.06 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.34 and a beta of 0.99. Hospitality Properties Trust has a 52 week low of $22.47 and a 52 week high of $29.43. The firm has a 50-day moving average of $24.79. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.39 and a current ratio of 0.39.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The company had revenue of $524.90 million for the quarter, compared to analysts’ expectations of $529.66 million. Hospitality Properties Trust had a negative return on equity of 4.42% and a negative net margin of 5.25%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 earnings per share. As a group, equities research analysts expect that Hospitality Properties Trust will post 3.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 29th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $2.16 annualized dividend and a dividend yield of 8.57%. Hospitality Properties Trust’s dividend payout ratio is currently 58.54%.

Several research firms have issued reports on HPT. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Finally, Stifel Nicolaus raised Wingstop from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $92.00 in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.33.

About Hospitality Properties Trust

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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