Advisors Asset Management Inc. Reduces Position in Hospitality Properties Trust (HPT)

Advisors Asset Management Inc. reduced its holdings in Hospitality Properties Trust (NASDAQ:HPT) by 20.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,702 shares of the real estate investment trust’s stock after selling 5,954 shares during the quarter. Advisors Asset Management Inc.’s holdings in Hospitality Properties Trust were worth $647,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IHT Wealth Management LLC raised its holdings in shares of Hospitality Properties Trust by 27.0% in the 2nd quarter. IHT Wealth Management LLC now owns 2,350 shares of the real estate investment trust’s stock worth $332,000 after purchasing an additional 500 shares in the last quarter. Ffcm LLC raised its holdings in shares of Hospitality Properties Trust by 221.1% during the second quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 2,640 shares during the period. Kemper Corp Master Retirement Trust raised its holdings in shares of Hospitality Properties Trust by 0.5% during the second quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 25 shares during the period. Quantbot Technologies LP raised its holdings in shares of Hospitality Properties Trust by 8.4% during the second quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 527 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Hospitality Properties Trust by 4.1% during the second quarter. Bank of Montreal Can now owns 8,125 shares of the real estate investment trust’s stock valued at $237,000 after acquiring an additional 323 shares during the period. Institutional investors and hedge funds own 75.62% of the company’s stock.

Hospitality Properties Trust (NASDAQ:HPT) opened at $29.91 on Monday. The firm has a market cap of $4,915.68, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 1.67 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 has a 12 month low of $26.64 and a 12 month high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.03. The firm had revenue of $577.60 million for the quarter, compared to analyst estimates of $581.67 million. Hospitality Properties Trust had a net margin of 11.66% and a return on equity of 8.79%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. equities research analysts expect that Hospitality Properties Trust will post 3.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 6.95%. The ex-dividend date of this dividend was Friday, October 20th. Hospitality Properties Trust’s dividend payout ratio is 148.57%.

Several research analysts have weighed in on the stock. B. Riley reiterated a “buy” rating on shares of Hospitality Properties Trust in a research note on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and issued a $33.00 price objective (down previously from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price objective (down previously from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Canaccord Genuity reiterated a “hold” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Finally, BidaskClub upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.17.

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Hospitality Properties Trust Profile

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

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