Texas Permanent School Fund Acquires Shares of 111,930 Hospitality Properties Trust (NASDAQ:SVC)

Texas Permanent School Fund acquired a new stake in Hospitality Properties Trust (NASDAQ:SVC) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 111,930 shares of the real estate investment trust’s stock, valued at approximately $2,887,000. Texas Permanent School Fund owned about 0.07% of Hospitality Properties Trust at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan grew its position in shares of Hospitality Properties Trust by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 30,400 shares of the real estate investment trust’s stock valued at $760,000 after buying an additional 420 shares during the last quarter. Eii Capital Management Inc. boosted its stake in Hospitality Properties Trust by 3.0% during the 2nd quarter. Eii Capital Management Inc. now owns 17,599 shares of the real estate investment trust’s stock worth $440,000 after purchasing an additional 510 shares during the period. First Allied Advisory Services Inc. boosted its stake in Hospitality Properties Trust by 3.9% during the 2nd quarter. First Allied Advisory Services Inc. now owns 14,151 shares of the real estate investment trust’s stock worth $354,000 after purchasing an additional 529 shares during the period. BB&T Securities LLC boosted its stake in Hospitality Properties Trust by 3.8% during the 2nd quarter. BB&T Securities LLC now owns 17,146 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 625 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in Hospitality Properties Trust by 50.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,078 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 700 shares during the period. 74.63% of the stock is currently owned by institutional investors.

SVC stock opened at $25.07 on Friday. Hospitality Properties Trust has a one year low of $22.47 and a one year high of $28.00. The stock has a market capitalization of $4.20 billion, a PE ratio of 6.79 and a beta of 0.94. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.18 and a current ratio of 0.18. The company has a fifty day moving average of $25.28 and a 200-day moving average of $25.08.

Hospitality Properties Trust (NASDAQ:SVC) last released its earnings results on Friday, August 9th. The real estate investment trust reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.02. Hospitality Properties Trust had a negative net margin of 9.12% and a negative return on equity of 7.74%. The company had revenue of $610.60 million during the quarter, compared to analysts’ expectations of $606.51 million. During the same quarter last year, the business earned $0.59 EPS. The business’s revenue was down .2% on a year-over-year basis. Equities analysts forecast that Hospitality Properties Trust will post 3.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend is Friday, October 25th. This is a boost from Hospitality Properties Trust’s previous quarterly dividend of $0.52. Hospitality Properties Trust’s dividend payout ratio (DPR) is 58.54%.

A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Finally, BidaskClub upgraded shares of 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’s stock. The company presently has an average rating of “Hold” and an average price target of $28.33.

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

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