Raymond James & Associates cut its holdings in Hospitality Properties Trust (NASDAQ:HPT) by 7.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 47,410 shares of the real estate investment trust’s stock after selling 3,707 shares during the quarter. Raymond James & Associates’ holdings in Hospitality Properties Trust were worth $1,415,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HPT. Dimensional Fund Advisors LP raised its stake in shares of Hospitality Properties Trust by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,404,009 shares of the real estate investment trust’s stock worth $68,491,000 after purchasing an additional 51,703 shares during the last quarter. AMP Capital Investors Ltd raised its stake in shares of Hospitality Properties Trust by 157.9% in the third quarter. AMP Capital Investors Ltd now owns 66,146 shares of the real estate investment trust’s stock worth $1,884,000 after purchasing an additional 40,500 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Hospitality Properties Trust by 4.5% in the third quarter. California Public Employees Retirement System now owns 433,187 shares of the real estate investment trust’s stock worth $12,341,000 after purchasing an additional 18,758 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Hospitality Properties Trust by 28.7% in the third quarter. Public Employees Retirement System of Ohio now owns 321,314 shares of the real estate investment trust’s stock worth $9,154,000 after purchasing an additional 71,674 shares during the last quarter. Finally, AXA raised its stake in shares of Hospitality Properties Trust by 20.8% in the third quarter. AXA now owns 373,632 shares of the real estate investment trust’s stock worth $10,645,000 after purchasing an additional 64,311 shares during the last quarter. Institutional investors own 77.21% of the company’s stock.

How to Become a New Pot Stock Millionaire

HPT has been the subject of several research analyst reports. Wells Fargo upgraded Hospitality Properties Trust from an “underperform” rating to a “market perform” rating and reduced their price objective for the stock from $28.00 to $25.00 in a research note on Monday, March 19th. TheStreet cut Hospitality Properties Trust from a “b” rating to a “c+” rating in a research note on Thursday, March 1st. BidaskClub cut Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 24th. Robert W. Baird restated a “hold” rating and issued a $27.00 price objective on shares of Hospitality Properties Trust in a research note on Tuesday, March 6th. Finally, Zacks Investment Research cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.00.

Hospitality Properties Trust stock opened at $25.44 on Tuesday. The stock has a market cap of $4,134.94, a P/E ratio of 7.13, a P/E/G ratio of 1.34 and a beta of 0.98. Hospitality Properties Trust has a 52 week low of $23.83 and a 52 week high of $32.58. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.45.

Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Thursday, March 1st. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The firm had revenue of $535.14 million for the quarter, compared to analyst estimates of $518.18 million. Hospitality Properties Trust had a return on equity of 6.16% and a net margin of 9.91%. Hospitality Properties Trust’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. research analysts anticipate that Hospitality Properties Trust will post 3.76 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was first published by Daily Political and is the property of of Daily Political. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2018/04/17/hospitality-properties-trust-hpt-shares-sold-by-raymond-james-associates.html.

Hospitality Properties Trust 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).

Institutional Ownership by Quarter 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.