Chemical Bank continued to hold its position in shares of Hospitality Properties Trust (NASDAQ:HPT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,525 shares of the real estate investment trust’s stock at the close of the second quarter. Chemical Bank’s holdings in Hospitality Properties Trust were worth $278,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Honkamp Krueger Financial Services Inc. increased its stake in Hospitality Properties Trust by 1.5% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 7,686 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 110 shares during the last quarter. Naples Global Advisors LLC increased its stake in Hospitality Properties Trust by 0.4% in the second quarter. Naples Global Advisors LLC now owns 34,222 shares of the real estate investment trust’s stock valued at $998,000 after acquiring an additional 125 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Hospitality Properties Trust by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,159 shares of the real estate investment trust’s stock valued at $384,000 after acquiring an additional 200 shares during the last quarter. Capstone Asset Management Co. increased its stake in Hospitality Properties Trust by 1.9% in the second quarter. Capstone Asset Management Co. now owns 12,805 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 240 shares during the last quarter. Finally, World Asset Management Inc increased its stake in Hospitality Properties Trust by 2.1% in the first quarter. World Asset Management Inc now owns 13,623 shares of the real estate investment trust’s stock valued at $430,000 after acquiring an additional 278 shares during the last quarter. 76.41% of the stock is currently owned by hedge funds and other institutional investors.

Hospitality Properties Trust (NASDAQ:HPT) opened at 28.43 on Friday. The company has a market capitalization of $4.67 billion, a PE ratio of 24.15 and a beta of 1.02. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68. The stock’s 50 day moving average price is $27.73 and its 200-day moving average price is $29.71.

Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $570.60 million during the quarter, compared to the consensus estimate of $557.61 million. During the same quarter last year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts predict that Hospitality Properties Trust will post $1.07 earnings per share for the current fiscal year.

A number of research firms recently commented on HPT. 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. BidaskClub raised Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th. Zacks Investment Research cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. FBR & Co reissued a “buy” rating and issued a $33.00 target price (down previously from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 price objective (down 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 given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.86.

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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.

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

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