Hospitality Properties Trust (NASDAQ:HPT) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 5,803,100 shares, a growth of 6.7% from the June 15th total of 5,438,700 shares. Based on an average daily volume of 773,400 shares, the short-interest ratio is currently 7.5 days. Approximately 3.6% of the shares of the company are sold short.
Several research firms have issued reports on HPT. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Stifel Nicolaus upgraded Wingstop from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $92.00 in a research report on Monday, June 3rd. Finally, Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Hospitality Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $28.33.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management lifted its stake in Hospitality Properties Trust by 1.4% in the 1st quarter. LSV Asset Management now owns 7,552,376 shares of the real estate investment trust’s stock valued at $198,703,000 after buying an additional 101,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hospitality Properties Trust by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,617,866 shares of the real estate investment trust’s stock worth $62,515,000 after purchasing an additional 18,719 shares during the period. Geode Capital Management LLC lifted its stake in shares of Hospitality Properties Trust by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 2,429,333 shares of the real estate investment trust’s stock worth $58,012,000 after purchasing an additional 178,754 shares during the period. Norges Bank purchased a new position in shares of Hospitality Properties Trust during the 4th quarter worth $57,252,000. Finally, Aperio Group LLC lifted its stake in shares of Hospitality Properties Trust by 73.3% during the 2nd quarter. Aperio Group LLC now owns 1,188,986 shares of the real estate investment trust’s stock worth $29,725,000 after purchasing an additional 502,722 shares during the period. Institutional investors and hedge funds own 74.26% of the company’s stock.
Shares of HPT traded up $0.32 on Tuesday, reaching $24.82. The stock had a trading volume of 622,728 shares, compared to its average volume of 760,530. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 6.73 and a beta of 0.99. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.39 and a quick ratio of 0.39. The company’s 50-day moving average is $24.85. Hospitality Properties Trust has a twelve month low of $22.47 and a twelve month high of $29.43.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $524.90 million for the quarter, compared to analysts’ expectations of $529.66 million. Hospitality Properties Trust had a negative return on equity of 4.42% and a negative net margin of 5.25%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. As a group, equities analysts anticipate that Hospitality Properties Trust will post 3.66 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 29th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date is Friday, July 26th. Hospitality Properties Trust’s dividend payout ratio is currently 58.54%.
Hospitality Properties Trust Company 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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