Hospitality Properties Trust (HPT) Stake Increased by Hamlin Capital Management LLC
Hamlin Capital Management LLC increased its stake in Hospitality Properties Trust (NYSE:HPT) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,388,845 shares of the real estate investment trust’s stock after buying an additional 119,075 shares during the period. Hospitality Properties Trust accounts for 3.3% of Hamlin Capital Management LLC’s holdings, making the stock its 7th largest position. Hamlin Capital Management LLC owned approximately 1.58% of Hospitality Properties Trust worth $68,799,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Hospitality Properties Trust during the fourth quarter valued at approximately $35,859,000. Virginia Retirement System acquired a new stake in Hospitality Properties Trust during the first quarter worth about $4,895,000. Foundry Partners LLC acquired a new stake in Hospitality Properties Trust during the second quarter worth about $5,077,000. Panagora Asset Management Inc. increased its stake in Hospitality Properties Trust by 589.4% in the first quarter. Panagora Asset Management Inc. now owns 151,004 shares of the real estate investment trust’s stock worth $4,011,000 after buying an additional 129,099 shares during the period. Finally, Menta Capital LLC acquired a new stake in Hospitality Properties Trust during the first quarter worth about $3,362,000.
Shares of Hospitality Properties Trust (NYSE:HPT) traded up 1.87% during trading on Wednesday, reaching $29.99. 609,289 shares of the company were exchanged. The company has a market capitalization of $4.55 billion, a PE ratio of 35.16 and a beta of 1.11. The firm’s 50 day moving average price is $30.13 and its 200 day moving average price is $28.14. Hospitality Properties Trust has a one year low of $20.69 and a one year high of $32.32.
Hospitality Properties Trust (NYSE:HPT) last announced its earnings results on Tuesday, August 9th. The real estate investment trust reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.04. The company earned $550.30 million during the quarter, compared to the consensus estimate of $544 million. During the same quarter in the previous year, the company earned $0.99 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. Equities research analysts forecast that Hospitality Properties Trust will post $3.60 earnings per share for the current fiscal year.
HPT has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Canaccord Genuity reiterated a “hold” rating and issued a $33.00 price objective on shares of Hospitality Properties Trust in a report on Tuesday, August 16th. Finally, FBR & Co downgraded shares of Hospitality Properties Trust from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $31.00 to $32.00 in a report on Wednesday, August 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Hospitality Properties Trust has an average rating of “Hold” and a consensus price target of $29.50.
Hospitality Properties Trust Company Profile
Hospitality Properties Trust is a real estate investment trust. The Company owns approximately 300 hotels with over 45,860 rooms or suites, and approximately 190 travel centers. The Company’s segments include hotel investments, travel center investments and corporate. The Company’s properties are located in approximately 50 states in the United States, Canada and Puerto Rico.
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