Zurcher Kantonalbank Zurich Cantonalbank Purchases 644 Shares of Hospitality Properties Trust (HPT)
Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Hospitality Properties Trust (NASDAQ:HPT) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,177 shares of the real estate investment trust’s stock after acquiring an additional 644 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hospitality Properties Trust were worth $355,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Hospitality Properties Trust by 117.4% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 2,700 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Hospitality Properties Trust during the 1st quarter valued at $198,000. Parametrica Management Ltd acquired a new stake in shares of Hospitality Properties Trust during the 2nd quarter valued at $208,000. Jane Street Group LLC acquired a new stake in shares of Hospitality Properties Trust during the 1st quarter valued at $209,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Hospitality Properties Trust during the 1st quarter valued at $214,000. 76.41% of the stock is currently owned by institutional investors.
Hospitality Properties Trust (NASDAQ:HPT) opened at 28.11 on Thursday. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 23.88 and a beta of 1.02. Hospitality Properties Trust has a 12 month low of $26.06 and a 12 month high of $32.68. The company’s 50-day moving average price is $27.75 and its 200 day moving average price is $29.76.
Hospitality Properties Trust (NASDAQ:HPT) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The company had revenue of $570.60 million during the quarter, compared to analysts’ expectations of $557.61 million. During the same quarter last year, the firm posted $1.09 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts forecast that Hospitality Properties Trust will post $1.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 24th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $2.08 annualized dividend and a yield of 7.40%. Hospitality Properties Trust’s payout ratio is 176.27%.
Several research firms recently weighed in on HPT. Canaccord Genuity reissued a “hold” rating and set a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 target price (down from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. FBR & Co reaffirmed a “buy” rating and set a $33.00 target price (down from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. BidaskClub raised Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.86.
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.
Want to see what other hedge funds are holding HPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hospitality Properties Trust (NASDAQ:HPT).
Receive News & Ratings for Hospitality Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hospitality Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.