Asset Management One Co. Ltd. Sold 21,986 Shares of Hospitality Properties Trust (HTarget Price)

Asset Management One Co. Ltd. Sold 21,986 Shares of Hospitality Properties Trust (HTarget Price)

Asset Management One Co. Ltd. cut its position in Hospitality Properties Trust (NASDAQ:HPT) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 352,798 shares of the real estate investment trust’s stock after selling 21,986 shares during the period. Asset Management One Co. Ltd.’s holdings in Hospitality Properties Trust were worth $11,084,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. LSV Asset Management raised its stake 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 during the last quarter. Fagan Associates Inc. raised its stake in Hospitality Properties Trust by 4.3% in the third quarter. Fagan Associates Inc. now owns 73,233 shares of the real estate investment trust’s stock worth $2,176,000 after buying an additional 3,031 shares during the last quarter. RiverPoint Capital Management LLC raised its stake in Hospitality Properties Trust by 6.3% in the third quarter. RiverPoint Capital Management LLC now owns 157,960 shares of the real estate investment trust’s stock worth $4,695,000 after buying an additional 9,350 shares during the last quarter. Zacks Investment Management raised its stake in Hospitality Properties Trust by 1.7% in the third quarter. Zacks Investment Management now owns 228,896 shares of the real estate investment trust’s stock worth $6,803,000 after buying an additional 3,806 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hospitality Properties Trust by 6.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,785 shares of the real estate investment trust’s stock worth $261,000 after buying an additional 548 shares during the last quarter. 76.57% of the stock is owned by institutional investors and hedge funds.

Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings results on Wednesday, May 10th. The real estate investment trust reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. The company had revenue of $488.60 million for the quarter, compared to the consensus estimate of $482.04 million. Hospitality Properties Trust had a return on equity of 5.38% and a net margin of 6.90%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Friday, April 21st were given a dividend of $0.52 per share. This is an increase from Hospitality Properties Trust’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend was Wednesday, April 19th. Hospitality Properties Trust’s dividend payout ratio (DPR) is currently 258.23%.

Several brokerages recently commented on HPT. Zacks Investment Research raised Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, February 14th. FBR & Co reaffirmed an “outperform” rating and issued a $35.00 price objective (up previously from $33.00) on shares of Hospitality Properties Trust in a report on Thursday, March 2nd. DA Davidson assumed coverage on Hospitality Properties Trust in a research report on Wednesday, March 22nd. They set a “buy” rating and a $35.00 target price on the stock. Finally, JMP Securities reiterated a “market perform” rating on shares of Hospitality Properties Trust in a research report on Friday, April 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Hospitality Properties Trust has a consensus rating of “Buy” and an average target price of $33.42.

Hospitality Properties Trust Company 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.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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