Moors & Cabot Inc. Has $615,000 Position in Hospitality Properties Trust (HPT)
Moors & Cabot Inc. increased its stake in shares of Hospitality Properties Trust (NASDAQ:HPT) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,575 shares of the real estate investment trust’s stock after buying an additional 2,250 shares during the quarter. Moors & Cabot Inc.’s holdings in Hospitality Properties Trust were worth $615,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Fieldpoint Private Securities LLC acquired a new stake in shares of Hospitality Properties Trust in the 3rd quarter valued at $108,000. Ffcm LLC boosted its holdings in shares of Hospitality Properties Trust by 221.1% in the 2nd quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 2,640 shares in the last quarter. Kemper Corp Master Retirement Trust boosted its holdings in shares of Hospitality Properties Trust by 0.5% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 25 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Hospitality Properties Trust by 8.4% in the 2nd quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 527 shares in the last quarter. Finally, Girard Partners LTD. acquired a new stake in shares of Hospitality Properties Trust in the 3rd quarter valued at $202,000. 75.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hospitality Properties Trust (NASDAQ HPT) opened at $30.57 on Friday. The firm has a market capitalization of $4,953.48, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. Hospitality Properties Trust has a twelve month low of $26.64 and a twelve month high of $32.68. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.44.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.03. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The company had revenue of $577.60 million for the quarter, compared to the consensus estimate of $581.67 million. During the same quarter last year, the business posted $1.03 EPS. Hospitality Properties Trust’s revenue for the quarter was up 6.3% on a year-over-year basis. equities research analysts expect that Hospitality Properties Trust will post 3.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend was Friday, October 20th. Hospitality Properties Trust’s dividend payout ratio (DPR) is 148.57%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, October 11th. Robert W. Baird set a $30.00 target price on Hospitality Properties Trust and gave the company a “hold” rating in a report on Tuesday, October 17th. BidaskClub raised Hospitality Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, B. Riley reaffirmed a “buy” rating on shares of Hospitality Properties Trust in a report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Hospitality Properties Trust presently has an average rating of “Buy” and a consensus target price of $32.17.
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Hospitality Properties Trust Company 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.
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