Advisors Capital Management LLC trimmed its position in Hospitality Properties Trust (NASDAQ:HPT) by 68.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,933 shares of the real estate investment trust’s stock after selling 28,046 shares during the period. Advisors Capital Management LLC’s holdings in Hospitality Properties Trust were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Kempner Capital Management Inc. increased its position in Hospitality Properties Trust by 328.2% in the 3rd quarter. Kempner Capital Management Inc. now owns 47,530 shares of the real estate investment trust’s stock valued at $1,371,000 after buying an additional 36,430 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in Hospitality Properties Trust during the 2nd quarter worth approximately $2,032,000. Northern Trust Corp increased its holdings in Hospitality Properties Trust by 5.9% during the 2nd quarter. Northern Trust Corp now owns 2,827,673 shares of the real estate investment trust’s stock worth $80,900,000 after purchasing an additional 157,480 shares in the last quarter. Global X Management Co LLC increased its holdings in Hospitality Properties Trust by 4.4% during the 2nd quarter. Global X Management Co LLC now owns 455,854 shares of the real estate investment trust’s stock worth $13,042,000 after purchasing an additional 19,139 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Hospitality Properties Trust during the 2nd quarter worth approximately $133,000. 73.74% of the stock is owned by institutional investors and hedge funds.

HPT has been the subject of a number of recent research reports. BidaskClub lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. ValuEngine lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Stifel Nicolaus boosted their price objective on Hospitality Properties Trust from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, June 29th. B. Riley boosted their price objective on Hospitality Properties Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Finally, Zacks Investment Research lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.83.

HPT stock opened at $26.34 on Friday. The company has a market capitalization of $4.74 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.43 and a quick ratio of 0.43. Hospitality Properties Trust has a 12-month low of $23.83 and a 12-month high of $31.27.

Hospitality Properties Trust (NASDAQ:HPT) last released its earnings results on Thursday, August 9th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.48). The business had revenue of $612.00 million during the quarter, compared to the consensus estimate of $601.86 million. Hospitality Properties Trust had a net margin of 13.08% and a return on equity of 8.19%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share. Analysts anticipate that Hospitality Properties Trust will post 3.94 earnings per share for the current fiscal year.

About Hospitality Properties Trust

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, 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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