Hospitality Properties Trust (NASDAQ:HPT) Sees Significant Growth in Short Interest

Hospitality Properties Trust (NASDAQ:HPT) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 5,803,100 shares, a growth of 6.7% from the June 15th total of 5,438,700 shares. Based on an average trading volume of 773,400 shares, the short-interest ratio is currently 7.5 days. Approximately 3.6% of the company’s stock are short sold.

Shares of Hospitality Properties Trust stock traded up $0.32 during trading hours on Tuesday, hitting $24.82. 622,728 shares of the company’s stock traded hands, compared to its average volume of 760,530. The stock has a 50 day moving average of $24.85. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $4.02 billion, a P/E ratio of 6.73 and a beta of 0.99. Hospitality Properties Trust has a twelve month low of $22.47 and a twelve month high of $29.43.

Hospitality Properties Trust (NASDAQ:HPT) last announced its earnings results on Friday, May 10th. The real estate investment trust reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $524.90 million during the quarter, compared to the consensus estimate of $529.66 million. Hospitality Properties Trust had a negative return on equity of 4.42% and a negative net margin of 5.25%. The company’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. As a group, sell-side analysts anticipate that Hospitality Properties Trust will post 3.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 29th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, July 26th. This represents a $2.16 annualized dividend and a dividend yield of 8.70%. Hospitality Properties Trust’s payout ratio is 58.54%.

Several hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Hospitality Properties Trust by 22.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 18,661 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 3,475 shares during the period. Advisor Group Inc. lifted its stake in shares of Hospitality Properties Trust by 17.7% during the 4th quarter. Advisor Group Inc. now owns 9,068 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 1,365 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Hospitality Properties Trust by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,617,866 shares of the real estate investment trust’s stock worth $62,515,000 after purchasing an additional 18,719 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Hospitality Properties Trust by 0.6% during the 4th quarter. Two Sigma Advisers LP now owns 179,800 shares of the real estate investment trust’s stock worth $4,294,000 after purchasing an additional 1,097 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Hospitality Properties Trust by 2.7% during the 4th quarter. Bank of America Corp DE now owns 713,745 shares of the real estate investment trust’s stock worth $17,044,000 after purchasing an additional 18,782 shares during the last quarter. 74.26% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on HPT. BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Stifel Nicolaus upgraded Wingstop from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $92.00 in a research note on Monday, June 3rd. Finally, Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Hospitality Properties Trust currently has an average rating of “Hold” and an average target price of $28.33.

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, the District of Columbia, 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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