Hospitality Properties Trust (HPT) Stake Lowered by Strs Ohio
Strs Ohio cut its stake in Hospitality Properties Trust (NASDAQ:HPT) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,265 shares of the real estate investment trust’s stock after selling 23,927 shares during the quarter. Strs Ohio’s holdings in Hospitality Properties Trust were worth $6,216,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Hospitality Properties Trust in the 4th quarter valued at approximately $57,252,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hospitality Properties Trust by 2,288.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,555,209 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 1,490,083 shares during the last quarter. PGGM Investments boosted its holdings in shares of Hospitality Properties Trust by 643.1% in the 1st quarter. PGGM Investments now owns 567,522 shares of the real estate investment trust’s stock valued at $14,932,000 after buying an additional 491,151 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Hospitality Properties Trust by 2.4% in the 4th quarter. BlackRock Inc. now owns 20,085,751 shares of the real estate investment trust’s stock valued at $479,648,000 after buying an additional 474,978 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Hospitality Properties Trust by 827.9% in the 3rd quarter. FMR LLC now owns 531,660 shares of the real estate investment trust’s stock valued at $15,333,000 after buying an additional 474,360 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.
HPT opened at $26.34 on Thursday. Hospitality Properties Trust has a 1-year low of $22.47 and a 1-year high of $29.43. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $4.31 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 1.43 and a beta of 1.08.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 29th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date of this dividend is Friday, April 26th. This is a boost from Hospitality Properties Trust’s previous quarterly dividend of $0.53. Hospitality Properties Trust’s dividend payout ratio is 57.45%.
Several equities research analysts have recently commented on the company. BidaskClub raised Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. Zacks Investment Research downgraded Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, January 4th. ValuEngine downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, B. Riley reissued a “buy” rating on shares of Hospitality Properties Trust in a report on Friday, January 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $30.33.
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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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