Usca Ria LLC purchased a new stake in Hospitality Properties Trust (NASDAQ:HPT) in the third quarter, HoldingsChannel reports. The institutional investor purchased 7,614 shares of the real estate investment trust’s stock, valued at approximately $220,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in shares of Hospitality Properties Trust by 2.7% during the first quarter. Principal Financial Group Inc. now owns 724,616 shares of the real estate investment trust’s stock valued at $18,362,000 after purchasing an additional 18,976 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Hospitality Properties Trust during the second quarter valued at about $257,000. Forte Capital LLC ADV raised its holdings in shares of Hospitality Properties Trust by 10.1% during the second quarter. Forte Capital LLC ADV now owns 36,421 shares of the real estate investment trust’s stock valued at $1,042,000 after purchasing an additional 3,336 shares during the period. Bank of Montreal Can acquired a new position in shares of Hospitality Properties Trust during the second quarter valued at about $335,000. Finally, Welch & Forbes LLC acquired a new position in shares of Hospitality Properties Trust during the second quarter valued at about $17,836,000. 73.81% of the stock is owned by hedge funds and other institutional investors.
HPT opened at $26.48 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 1.48. Hospitality Properties Trust has a fifty-two week low of $23.83 and a fifty-two week high of $31.27. The stock has a market capitalization of $4.39 billion, a P/E ratio of 7.42, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92.
Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. Hospitality Properties Trust had a net margin of 14.31% and a return on equity of 9.32%. The company had revenue of $603.20 million for the quarter, compared to analyst estimates of $601.94 million. During the same quarter in the prior year, the business posted $0.52 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that Hospitality Properties Trust will post 3.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 29th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Friday, October 26th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.01%. Hospitality Properties Trust’s dividend payout ratio is presently 59.38%.
Several equities analysts have recently weighed in on HPT shares. B. Riley reiterated a “buy” rating and set a $33.00 price objective on shares of Hospitality Properties Trust in a report on Tuesday. ValuEngine upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. BidaskClub lowered shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Finally, Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.83.
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Hospitality Properties Trust Profile
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, 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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