Teachers Retirement System of The State of Kentucky Sells 2,600 Shares of Hospitality Properties Trust (HPT)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Hospitality Properties Trust (NASDAQ:HPT) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,600 shares of the real estate investment trust’s stock after selling 2,600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Hospitality Properties Trust were worth $834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Hospitality Properties Trust by 5,144.8% in the 1st quarter. BlackRock Inc. now owns 16,690,904 shares of the real estate investment trust’s stock valued at $526,264,000 after purchasing an additional 16,372,668 shares during the last quarter. State Street Corp increased its position in shares of Hospitality Properties Trust by 1.1% in the 1st quarter. State Street Corp now owns 7,494,424 shares of the real estate investment trust’s stock valued at $236,299,000 after purchasing an additional 81,867 shares during the last quarter. Uniplan Investment Counsel Inc. increased its position in shares of Hospitality Properties Trust by 102.4% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 4,551,916 shares of the real estate investment trust’s stock valued at $67,553,000 after purchasing an additional 2,302,654 shares during the last quarter. Northern Trust Corp increased its position in shares of Hospitality Properties Trust by 6.5% in the 2nd quarter. Northern Trust Corp now owns 3,116,831 shares of the real estate investment trust’s stock valued at $90,855,000 after purchasing an additional 189,013 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Hospitality Properties Trust by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,430,472 shares of the real estate investment trust’s stock valued at $70,848,000 after purchasing an additional 13,279 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Hospitality Properties Trust (HPT) opened at 29.36 on Friday. The stock has a 50 day moving average of $28.01 and a 200 day moving average of $29.38. Hospitality Properties Trust has a one year low of $26.06 and a one year high of $32.68. The firm has a market cap of $4.82 billion, a PE ratio of 24.94 and a beta of 1.04.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). The company had revenue of $570.60 million during the quarter, compared to the consensus estimate of $557.61 million. Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. On average, equities analysts forecast that Hospitality Properties Trust will post $1.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.08%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 176.27%.

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A number of brokerages have commented on HPT. FBR & Co reissued a “buy” rating and issued a $33.00 price objective (down from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 price objective (down from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. BidaskClub raised shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity reissued a “hold” rating and issued a $30.00 price objective (down from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $32.29.

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

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