Retirement Systems of Alabama Makes New $5.51 Million Investment in Hospitality Properties Trust (NASDAQ:SVC)

Retirement Systems of Alabama purchased a new stake in shares of Hospitality Properties Trust (NASDAQ:SVC) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 213,770 shares of the real estate investment trust’s stock, valued at approximately $5,513,000. Retirement Systems of Alabama owned 0.13% of Hospitality Properties Trust as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Welch & Forbes LLC bought a new position in shares of Hospitality Properties Trust during the 3rd quarter valued at approximately $16,701,000. Capital Management Corp VA bought a new position in shares of Hospitality Properties Trust during the 3rd quarter valued at approximately $16,635,000. Aperio Group LLC grew 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 valued at $29,725,000 after acquiring an additional 502,722 shares during the period. Nuveen Asset Management LLC bought a new position in shares of Hospitality Properties Trust during the 2nd quarter valued at approximately $12,413,000. Finally, Prudential Financial Inc. grew its stake in shares of Hospitality Properties Trust by 50.4% during the 2nd quarter. Prudential Financial Inc. now owns 1,281,426 shares of the real estate investment trust’s stock valued at $32,036,000 after acquiring an additional 429,383 shares during the period. Institutional investors and hedge funds own 74.63% of the company’s stock.

NASDAQ SVC opened at $25.07 on Friday. The stock’s 50 day moving average is $25.28 and its 200 day moving average is $25.08. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.54. Hospitality Properties Trust has a 12 month low of $22.47 and a 12 month high of $28.00. The stock has a market cap of $4.20 billion, a PE ratio of 7.13 and a beta of 0.94.

Hospitality Properties Trust (NASDAQ:SVC) last posted its quarterly earnings results on Friday, August 9th. The real estate investment trust reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. Hospitality Properties Trust had a negative return on equity of 7.74% and a negative net margin of 9.12%. The company had revenue of $610.60 million for the quarter, compared to analysts’ expectations of $606.51 million. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was down .2% compared to the same quarter last year. On average, analysts forecast that Hospitality Properties Trust will post 3.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be issued a $0.54 dividend. The ex-dividend date is Friday, October 25th. This is a boost from Hospitality Properties Trust’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a yield of 8.62%. Hospitality Properties Trust’s payout ratio is currently 58.54%.

SVC has been the subject of a number of recent research reports. Zacks Investment Research downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, BidaskClub upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.33.

Hospitality Properties Trust 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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Institutional Ownership by Quarter for Hospitality Properties Trust (NASDAQ:SVC)

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