Parametric Portfolio Associates LLC Sells 110,861 Shares of Hospitality Properties Trust (HPT)
Parametric Portfolio Associates LLC cut its position in Hospitality Properties Trust (NASDAQ:HPT) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 806,553 shares of the real estate investment trust’s stock after selling 110,861 shares during the quarter. Parametric Portfolio Associates LLC owned 0.49% of Hospitality Properties Trust worth $23,511,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Ffcm LLC boosted its stake in shares of Hospitality Properties Trust by 221.1% during the second quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 2,640 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Hospitality Properties Trust by 117.4% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 2,700 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Hospitality Properties Trust during the first quarter worth about $198,000. Parametrica Management Ltd bought a new stake in shares of Hospitality Properties Trust during the second quarter worth about $208,000. Finally, Jane Street Group LLC bought a new stake in shares of Hospitality Properties Trust during the first quarter worth about $209,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.
Shares of Hospitality Properties Trust (NASDAQ:HPT) opened at 28.59 on Tuesday. The firm has a market cap of $4.70 billion, a PE ratio of 24.29 and a beta of 1.04. The stock has a 50 day moving average price of $27.70 and a 200 day moving average price of $29.49. 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 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 company 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 posted $1.09 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts expect that Hospitality Properties Trust will post $1.07 earnings per share for the current year.
HPT has been the subject of several recent research reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Hospitality Properties Trust in a research note on Friday, June 16th. BidaskClub upgraded shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. FBR & Co reiterated a “buy” rating and set a $33.00 target price (down from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $33.00 target price (down from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $32.86.
Hospitality Properties Trust 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.
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