Bank of New York Mellon Corp trimmed its position in Hospitality Properties Trust (NASDAQ:HPT) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,509,307 shares of the real estate investment trust’s stock after selling 18,105 shares during the quarter. Bank of New York Mellon Corp owned about 1.53% of Hospitality Properties Trust worth $71,792,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HPT. Global X Management Co. LLC lifted its position in shares of Hospitality Properties Trust by 24.9% during the 1st quarter. Global X Management Co. LLC now owns 436,715 shares of the real estate investment trust’s stock valued at $11,066,000 after acquiring an additional 87,158 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Hospitality Properties Trust by 16.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,300 shares of the real estate investment trust’s stock valued at $540,000 after acquiring an additional 3,000 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Hospitality Properties Trust by 13.8% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,430 shares of the real estate investment trust’s stock valued at $670,000 after acquiring an additional 3,215 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Hospitality Properties Trust by 3.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 167,619 shares of the real estate investment trust’s stock valued at $4,247,000 after acquiring an additional 5,543 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its stake in Hospitality Properties Trust by 6.5% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 198,042 shares of the real estate investment trust’s stock valued at $5,018,000 after purchasing an additional 12,149 shares during the period. 73.76% of the stock is owned by institutional investors.

NASDAQ HPT opened at $29.10 on Wednesday. Hospitality Properties Trust has a 1-year low of $23.83 and a 1-year high of $31.27. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $4.75 billion, a PE ratio of 8.15, a P/E/G ratio of 1.47 and a beta of 0.91.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings results on Thursday, August 9th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.48). Hospitality Properties Trust had a return on equity of 8.19% and a net margin of 13.08%. The company had revenue of $612.00 million during the quarter, compared to analyst estimates of $601.86 million. During the same period last year, the company posted $0.37 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. sell-side analysts predict that Hospitality Properties Trust will post 3.94 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 16th. Stockholders of record on Monday, July 30th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date was Friday, July 27th. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 59.38%.

Several analysts have issued reports on the stock. TheStreet raised shares of Hospitality Properties Trust from a “c+” rating to a “b-” rating in a research note on Friday, May 25th. B. Riley boosted their target price on shares of Hospitality Properties Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, August 13th. ValuEngine raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. BidaskClub raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Finally, Zacks Investment Research raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Thursday, May 10th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Hospitality Properties Trust currently has a consensus rating of “Hold” and a consensus price target of $29.83.

About Hospitality Properties Trust

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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

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