Hospitality Properties Trust Short Interest Up 118.5% in July (HPT)
Shares of Hospitality Properties Trust (NYSE:HPT) were the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,899,374 shares, an increase of 118.5% from the June 30th total of 1,327,243 shares, Analyst Ratings.Net reports. Based on an average daily trading volume, of 548,851 shares, the short-interest ratio is currently 5.3 days. Approximately 1.9% of the shares of the stock are short sold.
Separately, analysts at Robert W. Baird raised their price target on shares of Hospitality Properties Trust from $30.00 to $32.00 in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $30.25.
Shares of Hospitality Properties Trust (NYSE:HPT) opened at 28.46 on Tuesday. Hospitality Properties Trust has a 1-year low of $24.66 and a 1-year high of $31.00. The stock has a 50-day moving average of $29.95 and a 200-day moving average of $28.57. The company has a market cap of $4.262 billion and a price-to-earnings ratio of 35.71.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Investors of record on Friday, July 25th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Wednesday, July 23rd.
Hospitality Properties Trust (NYSE:HPT) is a real estate investment trust (REIT).
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