Sterling Capital Management LLC Raises Position in Hospitality Properties Trust (NASDAQ:HPT)

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Sterling Capital Management LLC lifted its stake in Hospitality Properties Trust (NASDAQ:HPT) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,503 shares of the real estate investment trust’s stock after buying an additional 3,400 shares during the period. Sterling Capital Management LLC owned approximately 0.08% of Hospitality Properties Trust worth $3,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HPT. Aperio Group LLC boosted its position in shares of Hospitality Properties Trust by 73.3% in the second quarter. Aperio Group LLC now owns 1,188,986 shares of the real estate investment trust’s stock worth $29,725,000 after buying an additional 502,722 shares during the period. Prudential Financial Inc. boosted its position in shares of Hospitality Properties Trust by 50.4% in the second quarter. Prudential Financial Inc. now owns 1,281,426 shares of the real estate investment trust’s stock worth $32,036,000 after buying an additional 429,383 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Hospitality Properties Trust by 46.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 598,075 shares of the real estate investment trust’s stock worth $15,734,000 after buying an additional 190,582 shares during the period. Geode Capital Management LLC boosted its position in shares of Hospitality Properties Trust by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 2,429,333 shares of the real estate investment trust’s stock worth $58,012,000 after buying an additional 178,754 shares during the period. Finally, Capital Management Corp VA boosted its position in shares of Hospitality Properties Trust by 28.8% in the second quarter. Capital Management Corp VA now owns 634,944 shares of the real estate investment trust’s stock worth $15,874,000 after buying an additional 141,960 shares during the period. 74.79% of the stock is owned by institutional investors.

Shares of NASDAQ:HPT traded down $0.11 during trading on Thursday, hitting $24.92. The company’s stock had a trading volume of 36,488 shares, compared to its average volume of 858,619. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.18 and a current ratio of 0.18. Hospitality Properties Trust has a fifty-two week low of $22.47 and a fifty-two week high of $29.03. The stock’s 50-day moving average price is $24.47 and its two-hundred day moving average price is $25.36. The company has a market capitalization of $4.16 billion, a PE ratio of 6.76 and a beta of 0.98.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly 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 return on equity of 7.74% and a negative net margin of 9.12%. The business had revenue of $610.60 million for the quarter, compared to analysts’ expectations of $606.51 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that Hospitality Properties Trust will post 3.71 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on HPT. BidaskClub downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Zacks Investment Research cut Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Stifel Nicolaus cut Hospitality Properties Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $25.00 in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus 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:HPT)

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