Hospitality Properties Trust (HPT) Stake Raised by Foundry Partners LLC
Foundry Partners LLC boosted its stake in Hospitality Properties Trust (NASDAQ:HPT) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 155,192 shares of the real estate investment trust’s stock after buying an additional 3,110 shares during the period. Foundry Partners LLC’s holdings in Hospitality Properties Trust were worth $4,524,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of HPT. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Hospitality Properties Trust by 117.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 2,700 shares during the period. Quantbot Technologies LP bought a new stake in Hospitality Properties Trust during the first quarter valued at approximately $198,000. Northwestern Mutual Wealth Management Co. boosted its stake in Hospitality Properties Trust by 3,130.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,460 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 6,260 shares during the period. Parametrica Management Ltd bought a new stake in Hospitality Properties Trust during the second quarter valued at approximately $208,000. Finally, Jane Street Group LLC bought a new stake in Hospitality Properties Trust during the first quarter valued at approximately $209,000. 77.19% of the stock is owned by institutional investors.
Hospitality Properties Trust (NASDAQ:HPT) opened at 27.67 on Tuesday. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68. The firm has a 50-day moving average of $28.89 and a 200-day moving average of $30.39. The company has a market capitalization of $4.55 billion, a PE ratio of 23.51 and a beta of 1.01.
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 the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $557.61 million. During the same period in the previous year, the firm earned $1.09 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that Hospitality Properties Trust will post $1.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, July 24th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date is Thursday, July 20th. Hospitality Properties Trust’s payout ratio is 176.27%.
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Several analysts have recently commented on HPT shares. BidaskClub raised shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th. Zacks Investment Research raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd. Robert W. Baird reissued a “neutral” rating and set a $32.00 price target (up from $31.00) on shares of Hospitality Properties Trust in a research note on Friday, June 16th. FBR & Co set a $35.00 price objective on shares of Hospitality Properties Trust and gave the company a “buy” rating in a research note on Saturday, May 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price objective (down from $33.50) on shares of Hospitality Properties Trust in a research note on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $32.86.
About Hospitality Properties Trust
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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