New York State Teachers Retirement System Has $7.92 Million Position in Hospitality Properties Trust (HPT)

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New York State Teachers Retirement System boosted its position in Hospitality Properties Trust (NASDAQ:HPT) by 0.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 300,825 shares of the real estate investment trust’s stock after purchasing an additional 489 shares during the quarter. New York State Teachers Retirement System’s holdings in Hospitality Properties Trust were worth $7,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HPT. We Are One Seven LLC acquired a new position in shares of Hospitality Properties Trust during the 4th quarter valued at about $42,000. KBC Group NV acquired a new position in shares of Hospitality Properties Trust during the 4th quarter valued at about $57,000. Oregon Public Employees Retirement Fund increased its stake in shares of Hospitality Properties Trust by 2,288.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,555,209 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 1,490,083 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Hospitality Properties Trust by 600.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,041 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 3,464 shares during the last quarter. Finally, BDO Wealth Advisors LLC increased its stake in shares of Hospitality Properties Trust by 47.8% during the 4th quarter. BDO Wealth Advisors LLC now owns 5,631 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 1,821 shares during the last quarter. 73.49% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on HPT shares. Zacks Investment Research upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. BidaskClub upgraded Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. Finally, B. Riley set a $32.00 target price on Hospitality Properties Trust and gave the stock a “buy” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.33.

Shares of NASDAQ:HPT opened at $26.00 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.39 and a quick ratio of 0.39. Hospitality Properties Trust has a 1 year low of $22.47 and a 1 year high of $29.43. The stock has a market cap of $4.28 billion, a PE ratio of 7.05, a PEG ratio of 1.44 and a beta of 1.06.

Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Friday, May 10th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Hospitality Properties Trust had a negative return on equity of 4.42% and a negative net margin of 5.25%. The business had revenue of $524.90 million during the quarter, compared to analysts’ expectations of $529.66 million. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Hospitality Properties Trust will post 3.64 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 29th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend was Friday, April 26th. This is a boost from Hospitality Properties Trust’s previous quarterly dividend of $0.53. Hospitality Properties Trust’s dividend payout ratio is currently 58.54%.

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Hospitality Properties Trust Company Profile

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

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