State Board of Administration of Florida Retirement System Purchases 52,622 Shares of Hospitality Properties Trust (NASDAQ:HPT)

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State Board of Administration of Florida Retirement System raised its position in Hospitality Properties Trust (NASDAQ:HPT) by 22.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 289,761 shares of the real estate investment trust’s stock after purchasing an additional 52,622 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.18% of Hospitality Properties Trust worth $7,244,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HPT. Municipal Employees Retirement System of Michigan grew its stake in Hospitality Properties Trust by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 30,400 shares of the real estate investment trust’s stock worth $760,000 after purchasing an additional 420 shares during the period. Fagan Associates Inc. boosted its holdings in Hospitality Properties Trust by 0.7% in the first quarter. Fagan Associates Inc. now owns 58,364 shares of the real estate investment trust’s stock worth $1,536,000 after acquiring an additional 431 shares in the last quarter. Eii Capital Management Inc. boosted its holdings in Hospitality Properties Trust by 3.0% in the second quarter. Eii Capital Management Inc. now owns 17,599 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 510 shares in the last quarter. Arrow Investment Advisors LLC boosted its holdings in Hospitality Properties Trust by 3.5% in the first quarter. Arrow Investment Advisors LLC now owns 15,780 shares of the real estate investment trust’s stock worth $415,000 after acquiring an additional 530 shares in the last quarter. Finally, Cadence Bank NA boosted its holdings in Hospitality Properties Trust by 1.5% in the first quarter. Cadence Bank NA now owns 44,938 shares of the real estate investment trust’s stock worth $1,182,000 after acquiring an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Several brokerages have issued reports on HPT. Zacks Investment Research lowered Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Stifel Nicolaus lowered Hospitality Properties Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $25.00 in a report on Monday, June 3rd. ValuEngine lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, BidaskClub lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.33.

Shares of HPT stock traded up $0.06 during trading hours on Wednesday, reaching $23.46. The company had a trading volume of 2,651 shares, compared to its average volume of 938,178. Hospitality Properties Trust has a 12 month low of $22.47 and a 12 month high of $29.43. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.18 and a quick ratio of 0.18. The business has a fifty day simple moving average of $24.49 and a 200-day simple moving average of $25.64. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 6.32 and a beta of 0.98.

Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Friday, August 9th. The real estate investment trust reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.02. Hospitality Properties Trust had a negative return on equity of 7.74% and a negative net margin of 9.12%. The company had revenue of $610.60 million for the quarter, compared to analyst estimates of $606.51 million. During the same quarter last year, the company earned $0.59 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts expect that Hospitality Properties Trust will post 3.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 29th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $2.16 dividend on an annualized basis and a yield of 9.21%. Hospitality Properties Trust’s dividend payout ratio (DPR) is currently 58.54%.

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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