Hospitality Properties Trust (HPT) Short Interest Update

Hospitality Properties Trust (NASDAQ:HPT) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,180,069 shares, a drop of 32.2% from the October 13th total of 3,214,486 shares. Based on an average trading volume of 500,766 shares, the days-to-cover ratio is currently 4.4 days. Approximately 1.3% of the company’s stock are short sold.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HPT. FMR LLC purchased a new position in Hospitality Properties Trust in the first quarter worth about $1,009,000. Teachers Advisors LLC boosted its position in Hospitality Properties Trust by 7.9% in the first quarter. Teachers Advisors LLC now owns 313,588 shares of the real estate investment trust’s stock worth $9,887,000 after purchasing an additional 22,905 shares during the last quarter. KCG Holdings Inc. purchased a new position in Hospitality Properties Trust in the first quarter worth about $286,000. AQR Capital Management LLC boosted its position in Hospitality Properties Trust by 14.4% in the first quarter. AQR Capital Management LLC now owns 54,393 shares of the real estate investment trust’s stock worth $1,715,000 after purchasing an additional 6,846 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in Hospitality Properties Trust by 7.4% in the first quarter. Janus Capital Management LLC now owns 71,300 shares of the real estate investment trust’s stock worth $2,248,000 after purchasing an additional 4,900 shares during the last quarter. Institutional investors own 76.03% of the company’s stock.

Shares of Hospitality Properties Trust (NASDAQ:HPT) opened at $29.78 on Friday. Hospitality Properties Trust has a twelve month low of $26.64 and a twelve month high of $32.68. The company has a market capitalization of $4,900.00, a PE ratio of 8.19, a P/E/G ratio of 1.65 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.42 and a quick ratio of 0.42.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The company had revenue of $577.60 million during the quarter, compared to the consensus estimate of $581.67 million. During the same period last year, the company earned $1.03 EPS. Hospitality Properties Trust’s revenue for the quarter was up 6.3% on a year-over-year basis. analysts predict that Hospitality Properties Trust will post 3.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were issued a $0.52 dividend. The ex-dividend date was Friday, October 20th. This represents a $2.08 annualized dividend and a yield of 6.98%. Hospitality Properties Trust’s payout ratio is 148.57%.

Several brokerages have recently weighed in on HPT. Zacks Investment Research upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Wednesday, October 11th. Robert W. Baird set a $30.00 price target on Hospitality Properties Trust and gave the company a “hold” rating in a report on Tuesday, October 17th. BidaskClub upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Canaccord Genuity restated a “hold” rating and set a $30.00 price target (down from $32.00) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Finally, FBR & Co restated a “buy” rating and set a $33.00 price target (down from $35.00) on shares of Hospitality Properties Trust in a report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Hospitality Properties Trust currently has a consensus rating of “Buy” and an average price target of $32.17.

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About Hospitality Properties Trust

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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