Uniplan Investment Counsel Inc. lessened its holdings in shares of Hospitality Properties Trust (NASDAQ:HPT) by 13.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,324,080 shares of the real estate investment trust’s stock after selling 204,151 shares during the quarter. Hospitality Properties Trust makes up approximately 2.2% of Uniplan Investment Counsel Inc.’s holdings, making the stock its 14th largest holding. Uniplan Investment Counsel Inc.’s holdings in Hospitality Properties Trust were worth $38,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its holdings in Hospitality Properties Trust by 19.2% in the second quarter. BlackRock Inc. now owns 19,047,976 shares of the real estate investment trust’s stock valued at $544,964,000 after buying an additional 3,072,510 shares in the last quarter. J. L. Bainbridge & Co. Inc. purchased a new position in Hospitality Properties Trust in the second quarter valued at $35,968,000. Welch & Forbes LLC purchased a new position in Hospitality Properties Trust in the second quarter valued at $17,836,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Hospitality Properties Trust in the third quarter valued at $14,751,000. Finally, FMR LLC increased its holdings in Hospitality Properties Trust by 827.9% in the third quarter. FMR LLC now owns 531,660 shares of the real estate investment trust’s stock valued at $15,333,000 after buying an additional 474,360 shares in the last quarter. 74.04% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on HPT. Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Friday. B. Riley reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Hospitality Properties Trust in a report on Tuesday, November 6th. ValuEngine cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Finally, BidaskClub cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Hospitality Properties Trust currently has an average rating of “Hold” and a consensus price target of $29.83.
Hospitality Properties Trust (NASDAQ:HPT) last released its earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.02. The business had revenue of $603.20 million during the quarter, compared to analysts’ expectations of $601.94 million. Hospitality Properties Trust had a net margin of 14.31% and a return on equity of 9.32%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, analysts expect that Hospitality Properties Trust will post 3.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, October 29th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, October 26th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.02%. Hospitality Properties Trust’s dividend payout ratio is currently 59.38%.
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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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