Principal Financial Group Inc. raised its position in Hospitality Properties Trust (NYSE:HPT) by 14.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 735,761 shares of the real estate investment trust’s stock after buying an additional 94,591 shares during the period. Principal Financial Group Inc. owned approximately 0.49% of Hospitality Properties Trust worth $21,190,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Hancock Holding Co. acquired a new stake in Hospitality Properties Trust during the second quarter worth $238,000. Dimensional Fund Advisors LP raised its stake in Hospitality Properties Trust by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,045,462 shares of the real estate investment trust’s stock worth $58,907,000 after buying an additional 47,110 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Hospitality Properties Trust by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 21,190 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 2,566 shares in the last quarter. RPG Investment Advisory LLC raised its stake in Hospitality Properties Trust by 27.9% in the second quarter. RPG Investment Advisory LLC now owns 276,532 shares of the real estate investment trust’s stock worth $7,956,000 after buying an additional 60,335 shares in the last quarter. Finally, Affinity Investment Advisors LLC raised its stake in Hospitality Properties Trust by 84.9% in the second quarter. Affinity Investment Advisors LLC now owns 238,556 shares of the real estate investment trust’s stock worth $6,870,000 after buying an additional 109,566 shares in the last quarter.
Hospitality Properties Trust (NYSE:HPT) opened at 29.72 on Friday. The company has a market capitalization of $4.50 billion, a P/E ratio of 34.84 and a beta of 1.11. Hospitality Properties Trust has a 52-week low of $20.69 and a 52-week high of $32.32. The stock’s 50 day moving average is $29.97 and its 200-day moving average is $28.19.
Hospitality Properties Trust (NYSE:HPT) last released its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The business earned $550.30 million during the quarter, compared to analysts’ expectations of $544 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS. Analysts predict that Hospitality Properties Trust will post $3.60 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Canaccord Genuity restated a “hold” rating and issued a $33.00 target price on shares of Hospitality Properties Trust in a report on Tuesday, August 16th. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Finally, FBR & Co downgraded shares of Hospitality Properties Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $31.00 to $32.00 in a research report on Wednesday, August 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Hospitality Properties Trust presently has a consensus rating of “Hold” and an average target price of $29.50.
About Hospitality Properties Trust
Hospitality Properties Trust is a real estate investment trust. The Company owns approximately 300 hotels with over 45,860 rooms or suites, and approximately 190 travel centers. The Company’s segments include hotel investments, travel center investments and corporate. The Company’s properties are located in approximately 50 states in the United States, Canada and Puerto Rico.
Receive News & Ratings for Hospitality Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hospitality Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.