Hospitality Properties Trust (HPT) Stake Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Hospitality Properties Trust (NASDAQ:HPT) by 18.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 653,757 shares of the real estate investment trust’s stock after selling 147,000 shares during the quarter. New York State Common Retirement Fund owned 0.40% of Hospitality Properties Trust worth $18,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Ffcm LLC grew its stake in Hospitality Properties Trust by 221.1% in the second quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 2,640 shares in the last quarter. Kemper Corp Master Retirement Trust grew its stake in Hospitality Properties Trust by 0.5% in the second quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 25 shares in the last quarter. Quantbot Technologies LP grew its stake in Hospitality Properties Trust by 8.4% in the second quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 527 shares in the last quarter. Bank of Montreal Can grew its stake in Hospitality Properties Trust by 4.1% in the second quarter. Bank of Montreal Can now owns 8,125 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 323 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Hospitality Properties Trust by 5.6% in the second quarter. Neuberger Berman Group LLC now owns 10,812 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 571 shares in the last quarter. Institutional investors and hedge funds own 75.62% of the company’s stock.

A number of research analysts have commented on the company. B. Riley restated a “buy” rating on shares of Hospitality Properties Trust in a research note on Wednesday, November 1st. BidaskClub upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, October 11th. Finally, Robert W. Baird set a $30.00 target price on Hospitality Properties Trust and gave the company a “hold” rating in a research note on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $32.17.

Shares of Hospitality Properties Trust (NASDAQ HPT) opened at $30.14 on Friday. The stock has a market capitalization of $4,940.33, a PE ratio of 8.33, a PEG ratio of 1.67 and a beta of 1.05. Hospitality Properties Trust has a 52 week low of $26.64 and a 52 week high of $32.68. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.42 and a current ratio of 0.42.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $577.60 million during the quarter, compared to the consensus estimate of $581.67 million. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 EPS. research analysts expect that Hospitality Properties Trust will post 3.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd were paid a dividend of $0.52 per share. The ex-dividend date was Friday, October 20th. This represents a $2.08 annualized dividend and a dividend yield of 6.90%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 148.57%.

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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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