CIBC Asset Management Inc maintained its stake in Hospitality Properties Trust (NASDAQ:HPT) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,637 shares of the real estate investment trust’s stock at the end of the second quarter. CIBC Asset Management Inc’s holdings in Hospitality Properties Trust were worth $310,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HPT. Tocqueville Asset Management L.P. increased its position in shares of Hospitality Properties Trust by 1.0% in the first quarter. Tocqueville Asset Management L.P. now owns 145,660 shares of the real estate investment trust’s stock worth $4,593,000 after buying an additional 1,420 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Hospitality Properties Trust by 143.2% in the first quarter. Canada Pension Plan Investment Board now owns 23,100 shares of the real estate investment trust’s stock worth $728,000 after buying an additional 13,600 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Hospitality Properties Trust by 2.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 57,485 shares of the real estate investment trust’s stock worth $1,813,000 after buying an additional 1,560 shares during the period. Breton Hill Capital Ltd. bought a new position in shares of Hospitality Properties Trust during the first quarter worth $848,000. Finally, IFP Advisors Inc increased its position in shares of Hospitality Properties Trust by 60.1% in the first quarter. IFP Advisors Inc now owns 8,084 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 3,035 shares during the period. Hedge funds and other institutional investors own 77.19% of the company’s stock.

Hospitality Properties Trust (NASDAQ HPT) opened at 27.21 on Friday. The company has a market capitalization of $4.47 billion, a P/E ratio of 23.12 and a beta of 1.01. The firm has a 50-day moving average of $28.64 and a 200 day moving average of $30.32. Hospitality Properties Trust has a 52-week low of $26.06 and a 52-week high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by $0.03. The business had revenue of $570.60 million during the quarter, compared to analysts’ expectations of $557.61 million. Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. Equities analysts predict that Hospitality Properties Trust will post $1.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, July 24th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 7.64%. The ex-dividend date of this dividend was Thursday, July 20th. Hospitality Properties Trust’s dividend payout ratio (DPR) is currently 176.27%.

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A number of brokerages recently weighed in on HPT. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. BidaskClub downgraded shares of Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Canaccord Genuity restated a “hold” rating and set a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. FBR & Co restated a “buy” rating and set a $33.00 price objective (down previously from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Finally, Stifel Nicolaus restated a “buy” rating and set a $33.00 price objective (down previously from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.86.

Hospitality Properties Trust Company 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.

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

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