Louisiana State Employees Retirement System raised its position in Hospitality Properties Trust (NASDAQ:HPT) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,900 shares of the real estate investment trust’s stock after buying an additional 1,400 shares during the period. Louisiana State Employees Retirement System’s holdings in Hospitality Properties Trust were worth $1,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Hospitality Properties Trust by 3.3% in the first quarter. Vanguard Group Inc. now owns 29,114,517 shares of the real estate investment trust’s stock worth $917,981,000 after buying an additional 935,494 shares in the last quarter. BlackRock Inc. raised its position in shares of Hospitality Properties Trust by 5,144.8% in the first quarter. BlackRock Inc. now owns 16,690,904 shares of the real estate investment trust’s stock worth $526,264,000 after buying an additional 16,372,668 shares in the last quarter. State Street Corp raised its position in shares of Hospitality Properties Trust by 1.1% in the first quarter. State Street Corp now owns 7,494,424 shares of the real estate investment trust’s stock worth $236,299,000 after buying an additional 81,867 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hospitality Properties Trust by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,312,901 shares of the real estate investment trust’s stock worth $72,925,000 after buying an additional 68,915 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Hospitality Properties Trust by 8.8% in the first quarter. Geode Capital Management LLC now owns 1,819,622 shares of the real estate investment trust’s stock worth $57,372,000 after buying an additional 147,371 shares in the last quarter. 77.19% of the stock is currently owned by institutional investors.

Shares of Hospitality Properties Trust (NASDAQ HPT) traded up 0.44% during mid-day trading on Friday, reaching $27.33. The company had a trading volume of 923,333 shares. The company’s 50-day moving average is $28.58 and its 200 day moving average is $30.29. The stock has a market capitalization of $4.49 billion, a P/E ratio of 23.22 and a beta of 1.01. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by $0.03. Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The business had revenue of $570.60 million during the quarter, compared to analyst estimates of $557.61 million. During the same period in the previous year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts anticipate that Hospitality Properties Trust will post $1.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, July 24th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 7.61%. The ex-dividend date was Thursday, July 20th. Hospitality Properties Trust’s payout ratio is presently 176.27%.

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HPT has been the topic of a number of recent analyst reports. BidaskClub raised Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th. Zacks Investment Research upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Robert W. Baird restated a “neutral” rating and set a $32.00 price objective (up from $31.00) on shares of Hospitality Properties Trust in a report on Friday, June 16th. FBR & Co set a $35.00 price objective on Hospitality Properties Trust and gave the stock a “buy” rating in a report on Saturday, May 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $33.00 price objective (down from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Hospitality Properties Trust has an average rating of “Hold” and an average target price of $32.86.

About Hospitality Properties Trust

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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