Naples Global Advisors LLC Has $1.06 Million Stake in Hospitality Properties Trust (HPT)

Naples Global Advisors LLC trimmed its holdings in Hospitality Properties Trust (NASDAQ:HPT) by 12.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 40,347 shares of the real estate investment trust’s stock after selling 5,914 shares during the period. Naples Global Advisors LLC’s holdings in Hospitality Properties Trust were worth $1,062,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System raised its holdings in Hospitality Properties Trust by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the real estate investment trust’s stock worth $1,158,000 after purchasing an additional 400 shares in the last quarter. Eukles Asset Management grew its position in Hospitality Properties Trust by 4.3% during the first quarter. Eukles Asset Management now owns 10,169 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 421 shares during the period. M&T Bank Corp grew its position in Hospitality Properties Trust by 2.4% during the fourth quarter. M&T Bank Corp now owns 19,061 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 438 shares during the period. Navellier & Associates Inc grew its position in Hospitality Properties Trust by 2.9% during the fourth quarter. Navellier & Associates Inc now owns 16,771 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 474 shares during the period. Finally, Community Bank & Trust Waco Texas grew its position in Hospitality Properties Trust by 4.1% during the fourth quarter. Community Bank & Trust Waco Texas now owns 12,839 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 500 shares during the period. 75.82% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on HPT. BidaskClub lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. B. Riley set a $32.00 price target on shares of Hospitality Properties Trust and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Zacks Investment Research lowered shares of Hospitality Properties Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Hospitality Properties Trust has a consensus rating of “Hold” and an average price target of $30.33.

HPT traded down $0.16 during trading hours on Wednesday, reaching $26.02. 365,073 shares of the stock traded hands, compared to its average volume of 719,546. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 1.44 and a beta of 1.06. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.51. Hospitality Properties Trust has a fifty-two week low of $22.47 and a fifty-two week high of $29.43.

Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. Hospitality Properties Trust had a negative net margin of 5.25% and a negative return on equity of 4.42%. The company had revenue of $524.90 million during the quarter, compared to analyst estimates of $529.66 million. During the same period last year, the business earned $0.94 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, analysts forecast that Hospitality Properties Trust will post 3.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 29th were given a $0.54 dividend. The ex-dividend date was Friday, April 26th. This is an increase from Hospitality Properties Trust’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 8.30%. Hospitality Properties Trust’s dividend payout ratio (DPR) is currently 58.54%.

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Hospitality Properties Trust Profile

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, the District of Columbia, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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

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