Hospitality Properties Trust (HPT) Shares Sold by Community Bank of Raymore
Community Bank of Raymore reduced its position in shares of Hospitality Properties Trust (NYSE:HPT) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,265,916 shares of the real estate investment trust’s stock after selling 1,045 shares during the period. Hospitality Properties Trust accounts for approximately 17.6% of Community Bank of Raymore’s portfolio, making the stock its largest position. Community Bank of Raymore owned 0.84% of Hospitality Properties Trust worth $36,451,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Hospitality Properties Trust by 1.6% in the first quarter. State Street Corp now owns 6,683,906 shares of the real estate investment trust’s stock worth $177,531,000 after buying an additional 104,072 shares in the last quarter. BB&T Securities LLC increased its position in Hospitality Properties Trust by 57.1% in the first quarter. BB&T Securities LLC now owns 12,481 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 4,536 shares during the period. OMERS ADMINISTRATION Corp increased its position in Hospitality Properties Trust by 188.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 87,900 shares of the real estate investment trust’s stock valued at $2,335,000 after buying an additional 57,400 shares during the period. Menta Capital LLC acquired a new position in Hospitality Properties Trust during the first quarter valued at approximately $3,362,000. Finally, Acrospire Investment Management LLC acquired a new position in Hospitality Properties Trust during the first quarter valued at approximately $222,000.
Shares of Hospitality Properties Trust (NYSE:HPT) traded down 0.50% on Monday, hitting $29.57. 483,994 shares of the stock traded hands. The firm has a 50 day moving average price of $29.97 and a 200 day moving average price of $28.19. The firm has a market cap of $4.48 billion, a PE ratio of 34.67 and a beta of 1.11. Hospitality Properties Trust has a 52-week low of $20.69 and a 52-week high of $32.32.
Hospitality Properties Trust (NYSE:HPT) last announced its quarterly earnings data on Tuesday, August 9th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The company had revenue of $550.30 million for the quarter, compared to the consensus estimate of $544 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. On average, equities analysts forecast that Hospitality Properties Trust will post $3.60 EPS for the current year.
Several research analysts have commented on HPT shares. Canaccord Genuity reissued a “hold” rating and set a $33.00 price target on shares of Hospitality Properties Trust in a research note on Wednesday, August 10th. FBR & Co downgraded shares of Hospitality Properties Trust from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $31.00 to $32.00 in a research note on Wednesday, August 10th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.50.
About Hospitality Properties Trust
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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