RPG Investment Advisory LLC decreased its stake in Hospitality Properties Trust (NASDAQ:HPT) by 0.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,040 shares of the real estate investment trust’s stock after selling 1,431 shares during the quarter. Hospitality Properties Trust makes up 1.5% of RPG Investment Advisory LLC’s holdings, making the stock its 23rd largest position. RPG Investment Advisory LLC owned about 0.15% of Hospitality Properties Trust worth $6,315,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC purchased a new position in Hospitality Properties Trust during the third quarter worth approximately $335,000. Martingale Asset Management L P boosted its position in Hospitality Properties Trust by 1.7% during the third quarter. Martingale Asset Management L P now owns 1,049,448 shares of the real estate investment trust’s stock worth $30,267,000 after purchasing an additional 18,036 shares in the last quarter. FMR LLC boosted its position in Hospitality Properties Trust by 827.9% during the third quarter. FMR LLC now owns 531,660 shares of the real estate investment trust’s stock worth $15,333,000 after purchasing an additional 474,360 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Hospitality Properties Trust by 79.4% during the third quarter. Panagora Asset Management Inc. now owns 31,874 shares of the real estate investment trust’s stock worth $919,000 after purchasing an additional 14,110 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Hospitality Properties Trust by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,599,147 shares of the real estate investment trust’s stock valued at $74,958,000 after acquiring an additional 17,172 shares in the last quarter. Hedge funds and other institutional investors own 75.62% of the company’s stock.
Shares of NASDAQ:HPT traded down $0.12 during midday trading on Monday, hitting $26.52. The company had a trading volume of 308,900 shares, compared to its average volume of 748,306. Hospitality Properties Trust has a twelve month low of $22.47 and a twelve month high of $29.43. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $4.35 billion, a PE ratio of 7.19, a P/E/G ratio of 1.45 and a beta of 1.08.
Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Hospitality Properties Trust had a return on equity of 5.90% and a net margin of 8.09%. The firm had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $538.02 million. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts predict that Hospitality Properties Trust will post 3.67 earnings per share for the current fiscal year.
HPT has been the subject of several recent research reports. B. Riley reaffirmed a “buy” rating on shares of Hospitality Properties Trust in a report on Friday, January 18th. Zacks Investment Research raised Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Thursday, January 17th. BidaskClub raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, ValuEngine raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.33.
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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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