Eii Capital Management Inc. Acquires New Stake in Hospitality Properties Trust (HPT)

Eii Capital Management Inc. acquired a new position in Hospitality Properties Trust (NASDAQ:HPT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,217 shares of the real estate investment trust’s stock, valued at approximately $1,032,000.

A number of other large investors have also added to or reduced their stakes in the business. Ffcm LLC increased its position in shares of Hospitality Properties Trust by 221.1% in the second quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 2,640 shares in the last quarter. Kemper Corp Master Retirement Trust increased its position in shares of Hospitality Properties Trust by 0.5% in the second quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 25 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Hospitality Properties Trust by 8.4% in the second quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 527 shares in the last quarter. Girard Partners LTD. purchased a new position in shares of Hospitality Properties Trust in the third quarter valued at $202,000. Finally, Bank of Montreal Can increased its position in shares of Hospitality Properties Trust by 4.1% in the second quarter. Bank of Montreal Can now owns 8,125 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 75.62% of the company’s stock.

Shares of Hospitality Properties Trust (HPT) opened at $30.20 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $4,914.04, a price-to-earnings ratio of 8.28, a P/E/G ratio of 1.66 and a beta of 1.05. Hospitality Properties Trust has a 52 week low of $26.64 and a 52 week high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $577.60 million for the quarter, compared to analyst estimates of $581.67 million. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. research analysts expect that Hospitality Properties Trust will post 3.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend was Friday, October 20th. Hospitality Properties Trust’s payout ratio is currently 148.57%.

HPT has been the subject of a number of research analyst reports. BidaskClub upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. B. Riley restated a “buy” rating on shares of Hospitality Properties Trust in a research report on Wednesday, November 1st. Zacks Investment Research raised Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, October 11th. Finally, Robert W. Baird set a $30.00 price objective on Hospitality Properties Trust and gave the company a “hold” rating in a research note on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $32.17.

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Hospitality Properties Trust Profile

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

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