CAPROCK Group Inc. Has $669,000 Stake in Hospitality Properties Trust (HPT)

CAPROCK Group Inc. decreased its position in Hospitality Properties Trust (NASDAQ:HPT) by 16.6% during the first quarter, Holdings Channel reports. The institutional investor owned 21,212 shares of the real estate investment trust’s stock after selling 4,225 shares during the period. CAPROCK Group Inc.’s holdings in Hospitality Properties Trust were worth $669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capstone Asset Management Co. boosted its position in shares of Hospitality Properties Trust by 2.2% in the first quarter. Capstone Asset Management Co. now owns 12,565 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 270 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Hospitality Properties Trust by 0.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 69,733 shares of the real estate investment trust’s stock worth $2,213,000 after buying an additional 289 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Hospitality Properties Trust by 6.2% in the third quarter. Neuberger Berman Group LLC now owns 7,505 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 441 shares in the last quarter. Oakbrook Investments LLC boosted its position in shares of Hospitality Properties Trust by 6.5% in the third quarter. Oakbrook Investments LLC now owns 8,170 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 500 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Hospitality Properties Trust by 6.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,785 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 548 shares in the last quarter. Hedge funds and other institutional investors own 76.57% of the company’s stock.

Institutional Ownership by Quarter for Hospitality Properties Trust (NASDAQ:HPT)

Hospitality Properties Trust (NASDAQ:HPT) traded down 0.74% on Friday, reaching $32.00. 392,965 shares of the company traded hands. The stock has a 50-day moving average of $31.38 and a 200 day moving average of $30.34. Hospitality Properties Trust has a 52-week low of $24.62 and a 52-week high of $32.68. The company has a market capitalization of $5.26 billion, a PE ratio of 24.67 and a beta of 1.13.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings data on Wednesday, March 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.25. Hospitality Properties Trust had a net margin of 6.90% and a return on equity of 5.38%. The company earned $479.30 million during the quarter, compared to analysts’ expectations of $492.36 million. During the same period in the prior year, the company posted $0.08 earnings per share. Hospitality Properties Trust’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Hospitality Properties Trust will post $1.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 18th. Stockholders of record on Friday, April 21st will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, April 19th. This is a boost from Hospitality Properties Trust’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a dividend yield of 6.50%. Hospitality Properties Trust’s dividend payout ratio is 258.23%.

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A number of brokerages have commented on HPT. JMP Securities restated a “market perform” rating on shares of Hospitality Properties Trust in a research note on Friday, April 7th. DA Davidson reiterated a “buy” rating on shares of Hospitality Properties Trust in a research note on Tuesday, March 21st. Zacks Investment Research cut shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. FBR & Co reiterated an “outperform” rating and issued a $35.00 target price (up previously from $33.00) on shares of Hospitality Properties Trust in a research note on Thursday, March 2nd. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $30.00 target price on shares of Hospitality Properties Trust in a research note on Friday, December 23rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $33.42.

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.

5 Day Chart for NASDAQ:HPT

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