Hospitality Properties Trust (NASDAQ:HPT) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 2,180,069 shares, a drop of 32.2% from the October 13th total of 3,214,486 shares. Based on an average daily trading volume, of 500,766 shares, the short-interest ratio is presently 4.4 days. Currently, 1.3% of the company’s stock are sold short.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, October 11th. Robert W. Baird set a $30.00 target price on shares of Hospitality Properties Trust and gave the stock a “hold” rating in a research note on Tuesday, October 17th. BidaskClub upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday. Canaccord Genuity reiterated a “hold” rating and issued a $30.00 target price (down from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Finally, FBR & Co reiterated a “buy” rating and issued a $33.00 target price (down from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.17.

Shares of Hospitality Properties Trust (HPT) opened at $29.51 on Tuesday. The company has a market cap of $4,864.73, a P/E ratio of 8.20, a P/E/G ratio of 1.65 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.42 and a quick ratio of 0.42. Hospitality Properties Trust has a 12 month low of $26.64 and a 12 month high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. Hospitality Properties Trust had a net margin of 11.66% and a return on equity of 8.79%. The company had revenue of $577.60 million during the quarter, compared to analyst estimates of $581.67 million. During the same period last year, the firm posted $1.03 EPS. Hospitality Properties Trust’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts anticipate that Hospitality Properties Trust will post 3.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date is Friday, October 20th. Hospitality Properties Trust’s dividend payout ratio is presently 148.57%.

A number of institutional investors and hedge funds have recently bought and sold shares of HPT. FMR LLC purchased a new position in Hospitality Properties Trust during the 1st quarter worth approximately $1,009,000. Teachers Advisors LLC raised its position in Hospitality Properties Trust by 7.9% during the 1st quarter. Teachers Advisors LLC now owns 313,588 shares of the real estate investment trust’s stock worth $9,887,000 after buying an additional 22,905 shares during the last quarter. KCG Holdings Inc. purchased a new position in Hospitality Properties Trust during the 1st quarter worth approximately $286,000. AQR Capital Management LLC raised its position in Hospitality Properties Trust by 14.4% during the 1st quarter. AQR Capital Management LLC now owns 54,393 shares of the real estate investment trust’s stock worth $1,715,000 after buying an additional 6,846 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in Hospitality Properties Trust by 7.4% during the 1st quarter. Janus Capital Management LLC now owns 71,300 shares of the real estate investment trust’s stock worth $2,248,000 after buying an additional 4,900 shares during the last quarter. 76.03% of the stock is owned by institutional investors.

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About Hospitality Properties Trust

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.

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