Municipal Employees Retirement System of Michigan Boosts Position in Hospitality Properties Trust (HPT)

Municipal Employees Retirement System of Michigan Boosts Position in Hospitality Properties Trust (HPT)

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HPT. LSV Asset Management raised its position in Hospitality Properties Trust by 0.6% in the third quarter. LSV Asset Management now owns 7,353,375 shares of the real estate investment trust’s stock worth $218,542,000 after buying an additional 40,600 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Hospitality Properties Trust by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,243,986 shares of the real estate investment trust’s stock valued at $71,223,000 after buying an additional 162,411 shares during the last quarter. Norges Bank bought a new position in Hospitality Properties Trust during the fourth quarter valued at about $44,594,000. Ameriprise Financial Inc. increased its position in Hospitality Properties Trust by 23.1% in the first quarter. Ameriprise Financial Inc. now owns 961,755 shares of the real estate investment trust’s stock valued at $30,325,000 after buying an additional 180,570 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Hospitality Properties Trust by 2.1% in the first quarter. Parametric Portfolio Associates LLC now owns 917,414 shares of the real estate investment trust’s stock valued at $28,926,000 after buying an additional 18,561 shares during the last quarter. 76.57% of the stock is owned by hedge funds and other institutional investors.

Municipal Employees Retirement System of Michigan boosted its position in Hospitality Properties Trust (NASDAQ:HPT) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,120 shares of the real estate investment trust’s stock after buying an additional 970 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Hospitality Properties Trust were worth $2,400,000 as of its most recent filing with the SEC.

Hospitality Properties Trust (NASDAQ:HPT) opened at 28.89 on Wednesday. The stock’s 50 day moving average is $30.76 and its 200 day moving average is $30.87. Hospitality Properties Trust has a 12-month low of $25.38 and a 12-month high of $32.68. The company has a market cap of $4.75 billion, a P/E ratio of 25.36 and a beta of 1.13.

Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Wednesday, May 10th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $488.60 million during the quarter, compared to analysts’ expectations of $482.04 million. Hospitality Properties Trust had a net margin of 6.90% and a return on equity of 5.38%. Hospitality Properties Trust’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 EPS. On average, equities analysts forecast that Hospitality Properties Trust will post $1.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Friday, April 21st were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date was Wednesday, April 19th. This is a boost from Hospitality Properties Trust’s previous quarterly dividend of $0.51. Hospitality Properties Trust’s dividend payout ratio (DPR) is currently 258.23%.

Several research firms have recently issued reports on HPT. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. FBR & Co boosted their price objective on shares of Hospitality Properties Trust from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, March 6th. DA Davidson restated a “buy” rating on shares of Hospitality Properties Trust in a report on Tuesday, March 21st. Finally, JMP Securities restated a “market perform” rating on shares of Hospitality Properties Trust in a report on Friday, April 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $33.42.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HPT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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