Sheaff Brock Investment Advisors LLC bought a new stake in Hospitality Properties Trust (NASDAQ:SVC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 203,061 shares of the real estate investment trust’s stock, valued at approximately $5,237,000. Sheaff Brock Investment Advisors LLC owned 0.12% of Hospitality Properties Trust as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. First Allied Advisory Services Inc. boosted its stake in Hospitality Properties Trust by 3.9% in the second quarter. First Allied Advisory Services Inc. now owns 14,151 shares of the real estate investment trust’s stock valued at $354,000 after acquiring an additional 529 shares during the period. Fortem Financial Group LLC acquired a new position in Hospitality Properties Trust in the second quarter valued at approximately $211,000. NumerixS Investment Technologies Inc acquired a new position in Hospitality Properties Trust in the second quarter valued at approximately $75,000. Barnett & Company Inc. boosted its stake in Hospitality Properties Trust by 11.6% in the second quarter. Barnett & Company Inc. now owns 20,150 shares of the real estate investment trust’s stock valued at $504,000 after acquiring an additional 2,100 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in Hospitality Properties Trust in the second quarter valued at approximately $80,000. Institutional investors own 74.81% of the company’s stock.
SVC has been the topic of a number of recent analyst reports. BidaskClub raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. ValuEngine raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Hospitality Properties Trust presently has an average rating of “Hold” and an average target price of $28.33.
Shares of SVC traded down $0.09 during mid-day trading on Monday, reaching $25.30. 25,928 shares of the company’s stock traded hands, compared to its average volume of 609,583. The business’s 50-day moving average price is $25.23 and its 200-day moving average price is $25.15. The stock has a market capitalization of $4.28 billion, a P/E ratio of 6.86 and a beta of 0.96. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.18 and a current ratio of 0.18. Hospitality Properties Trust has a 12 month low of $22.47 and a 12 month high of $28.00.
Hospitality Properties Trust (NASDAQ:SVC) last released its quarterly earnings results on Friday, August 9th. The real estate investment trust reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.02. The company had revenue of $610.60 million for the quarter, compared to analysts’ expectations of $606.51 million. Hospitality Properties Trust had a negative return on equity of 7.74% and a negative net margin of 9.12%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. Equities research analysts anticipate that Hospitality Properties Trust will post 3.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date is Friday, October 25th. This is a boost from Hospitality Properties Trust’s previous quarterly dividend of $0.52. Hospitality Properties Trust’s payout ratio is 58.54%.
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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