The Hospitality Properties Trust (HPT) Stake Raised by Naples Global Advisors LLC

The Hospitality Properties Trust (HPT) Stake Raised by Naples Global Advisors LLC

Several other large investors have also made changes to their positions in HPT. ING Groep NV acquired a new stake in shares of Hospitality Properties Trust during the second quarter worth $576,000. Parametrica Management Ltd acquired a new stake in shares of Hospitality Properties Trust during the second quarter worth $208,000. Russell Investments Group Ltd. boosted its position in Hospitality Properties Trust by 9.9% in the second quarter. Russell Investments Group Ltd. now owns 118,520 shares of the real estate investment trust’s stock valued at $3,456,000 after buying an additional 10,710 shares during the period. First Midwest Bank Trust Division boosted its position in Hospitality Properties Trust by 2.1% in the second quarter. First Midwest Bank Trust Division now owns 43,351 shares of the real estate investment trust’s stock valued at $1,264,000 after buying an additional 900 shares during the period. Finally, Breton Hill Capital Ltd. boosted its position in Hospitality Properties Trust by 64.9% in the second quarter. Breton Hill Capital Ltd. now owns 44,352 shares of the real estate investment trust’s stock valued at $1,293,000 after buying an additional 17,463 shares during the period. 77.24% of the stock is owned by institutional investors and hedge funds.

Naples Global Advisors LLC raised its position in shares of Hospitality Properties Trust (NASDAQ:HPT) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,222 shares of the real estate investment trust’s stock after buying an additional 125 shares during the period. Naples Global Advisors LLC’s holdings in Hospitality Properties Trust were worth $998,000 at the end of the most recent quarter.

Hospitality Properties Trust (NASDAQ HPT) traded down 0.21% on Tuesday, hitting $28.77. 737,205 shares of the stock traded hands. Hospitality Properties Trust has a 12-month low of $26.06 and a 12-month high of $32.68. The stock has a 50-day moving average price of $29.32 and a 200 day moving average price of $30.56. The stock has a market cap of $4.73 billion, a P/E ratio of 25.26 and a beta of 1.01.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings results on Wednesday, May 10th. The real estate investment trust reported $0.91 EPS for the quarter, hitting the consensus estimate of $0.91. Hospitality Properties Trust had a net margin of 10.10% and a return on equity of 7.54%. The company had revenue of $488.60 million during the quarter, compared to analysts’ expectations of $482.04 million. During the same quarter in the previous year, the company earned $0.93 EPS. Hospitality Properties Trust’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts expect that Hospitality Properties Trust will post $1.43 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 24th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 7.23%. The ex-dividend date is Thursday, July 20th. Hospitality Properties Trust’s payout ratio is 180.87%.

Several research analysts have commented on HPT shares. FBR & Co set a $35.00 target price on shares of Hospitality Properties Trust and gave the stock a “buy” rating in a research report on Saturday, May 13th. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Robert W. Baird restated a “neutral” rating and issued a $32.00 target price (up previously from $31.00) on shares of Hospitality Properties Trust in a research report on Friday, June 16th. Finally, BidaskClub upgraded shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Hospitality Properties Trust has a consensus rating of “Hold” and a consensus price target of $33.21.

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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