Robeco Institutional Asset Management B.V. increased its holdings in shares of Hospitality Properties Trust (NASDAQ:HPT) by 503.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 140,135 shares of the real estate investment trust’s stock after purchasing an additional 116,907 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Hospitality Properties Trust were worth $3,687,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in HPT. We Are One Seven LLC acquired a new position in Hospitality Properties Trust in the 4th quarter worth $42,000. Pennsylvania Trust Co acquired a new position in Hospitality Properties Trust in the 1st quarter worth $442,000. KBC Group NV acquired a new position in Hospitality Properties Trust in the 4th quarter worth $57,000. Bronfman E.L. Rothschild L.P. lifted its holdings in Hospitality Properties Trust by 600.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,041 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 3,464 shares in the last quarter. Finally, First Hawaiian Bank lifted its holdings in Hospitality Properties Trust by 10.9% in the 4th quarter. First Hawaiian Bank now owns 5,271 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 520 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on HPT shares. BidaskClub lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Thursday, January 17th. Finally, B. Riley set a $32.00 price objective on shares of Hospitality Properties Trust and gave the stock a “buy” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.33.
Shares of HPT stock opened at $26.48 on Friday. Hospitality Properties Trust has a 12 month low of $22.47 and a 12 month high of $29.43. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 1.44 and a beta of 1.06.
Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Hospitality Properties Trust had a negative net margin of 5.25% and a negative return on equity of 4.42%. The firm had revenue of $524.90 million for the quarter, compared to analyst estimates of $529.66 million. During the same quarter in the previous year, the business posted $0.94 EPS. The firm’s revenue was down .7% compared to the same quarter last year. Sell-side analysts forecast that Hospitality Properties Trust will post 3.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 29th were issued a $0.54 dividend. The ex-dividend date was Friday, April 26th. This represents a $2.16 dividend on an annualized basis and a yield of 8.16%. This is a positive change from Hospitality Properties Trust’s previous quarterly dividend of $0.53. Hospitality Properties Trust’s 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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