Cipher Capital LP reduced its stake in Hospitality Properties Trust (NASDAQ:HPT) by 69.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,034 shares of the real estate investment trust’s stock after selling 20,774 shares during the quarter. Cipher Capital LP’s holdings in Hospitality Properties Trust were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swiss National Bank raised its position in Hospitality Properties Trust by 1.1% in the 2nd quarter. Swiss National Bank now owns 273,688 shares of the real estate investment trust’s stock valued at $7,978,000 after buying an additional 3,000 shares during the last quarter. Chicago Equity Partners LLC raised its position in Hospitality Properties Trust by 24.0% in the 2nd quarter. Chicago Equity Partners LLC now owns 541,955 shares of the real estate investment trust’s stock valued at $15,798,000 after buying an additional 104,820 shares during the last quarter. Principal Financial Group Inc. raised its position in Hospitality Properties Trust by 3.1% in the 2nd quarter. Principal Financial Group Inc. now owns 952,512 shares of the real estate investment trust’s stock valued at $27,766,000 after buying an additional 28,657 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hospitality Properties Trust by 5.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,177 shares of the real estate investment trust’s stock valued at $355,000 after buying an additional 644 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in Hospitality Properties Trust by 5.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 10,812 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 571 shares during the last quarter. 76.41% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on HPT shares. BidaskClub raised Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Zacks Investment Research raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Robert W. Baird reissued a “neutral” rating and issued a $32.00 price target (up from $31.00) on shares of Hospitality Properties Trust in a research report on Friday, June 16th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price objective (down previously from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Finally, FBR & Co restated a “buy” rating and issued a $33.00 price objective (down previously from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. 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 currently has an average rating of “Hold” and an average target price of $32.86.

Hospitality Properties Trust (NASDAQ:HPT) opened at 27.76 on Tuesday. The company has a market cap of $4.56 billion, a P/E ratio of 23.59 and a beta of 1.02. The firm has a 50-day moving average price of $27.77 and a 200-day moving average price of $29.81. 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 posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The business had revenue of $570.60 million during the quarter, compared to analysts’ expectations of $557.61 million. During the same quarter in the prior year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Hospitality Properties Trust will post $1.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, July 24th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 7.49%. The ex-dividend date of this dividend was Thursday, July 20th. Hospitality Properties Trust’s dividend payout ratio is currently 176.27%.

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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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