Great West Life Assurance Co. Can grew its position in Hospitality Properties Trust (NASDAQ:HPT) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 238,024 shares of the real estate investment trust’s stock after purchasing an additional 24,676 shares during the period. Great West Life Assurance Co. Can owned approximately 0.14% of Hospitality Properties Trust worth $5,288,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. We Are One Seven LLC bought a new stake in Hospitality Properties Trust during the fourth quarter worth about $42,000. KBC Group NV bought a new stake in Hospitality Properties Trust during the fourth quarter worth about $57,000. Oregon Public Employees Retirement Fund raised its holdings in Hospitality Properties Trust by 2,288.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,555,209 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 1,490,083 shares in the last quarter. First Hawaiian Bank raised its holdings in Hospitality Properties Trust by 10.9% during the fourth quarter. First Hawaiian Bank now owns 5,271 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 520 shares in the last quarter. Finally, Girard Partners LTD. bought a new stake in Hospitality Properties Trust during the third quarter worth about $130,000. Institutional investors own 74.20% of the company’s stock.
HPT opened at $26.05 on Friday. Hospitality Properties Trust has a 52-week low of $22.47 and a 52-week high of $29.43. The stock has a market cap of $4.28 billion, a P/E ratio of 7.32, a P/E/G ratio of 1.43 and a beta of 1.08. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.36 and a current ratio of 0.36.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, February 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $550.80 million for the quarter, compared to analyst estimates of $538.02 million. Hospitality Properties Trust had a return on equity of 5.90% and a net margin of 8.09%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. Equities research analysts predict that Hospitality Properties Trust will post 3.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Monday, January 28th were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, January 25th. This represents a $2.12 annualized dividend and a yield of 8.14%.
Several analysts recently issued reports on the company. Zacks Investment Research lowered Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Friday, January 4th. B. Riley reiterated a “buy” rating on shares of Hospitality Properties Trust in a report on Friday, January 18th. BidaskClub upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Finally, ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $29.00.
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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, 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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