Geode Capital Management LLC Has $58.01 Million Stake in Hospitality Properties Trust (HPT)

Geode Capital Management LLC increased its stake in Hospitality Properties Trust (NASDAQ:HPT) by 7.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,429,333 shares of the real estate investment trust’s stock after acquiring an additional 178,754 shares during the quarter. Geode Capital Management LLC owned approximately 1.48% of Hospitality Properties Trust worth $58,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. We Are One Seven LLC purchased a new position in shares of Hospitality Properties Trust during the fourth quarter valued at $42,000. KBC Group NV acquired a new stake in Hospitality Properties Trust during the fourth quarter valued at $57,000. First Hawaiian Bank boosted its position in Hospitality Properties Trust by 10.9% during the fourth quarter. First Hawaiian Bank now owns 5,271 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 520 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in Hospitality Properties Trust by 2,508.0% during the third quarter. Rehmann Capital Advisory Group now owns 6,546 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 6,295 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Hospitality Properties Trust during the third quarter valued at $225,000. Institutional investors and hedge funds own 75.62% of the company’s stock.

HPT has been the subject of a number of research reports. B. Riley reissued a “buy” rating on shares of Hospitality Properties Trust in a research report on Friday, January 18th. Zacks Investment Research raised Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Thursday, January 17th. BidaskClub raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, ValuEngine raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.33.

Shares of NASDAQ:HPT traded down $0.12 on Monday, reaching $26.52. The company had a trading volume of 308,900 shares, compared to its average volume of 748,306. Hospitality Properties Trust has a twelve month low of $22.47 and a twelve month high of $29.43. The stock has a market capitalization of $4.35 billion, a P/E ratio of 7.19, a P/E/G ratio of 1.45 and a beta of 1.08. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.36 and a quick ratio of 0.36.

Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Hospitality Properties Trust had a return on equity of 5.90% and a net margin of 8.09%. The company had revenue of $550.80 million during the quarter, compared to analysts’ expectations of $538.02 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, research analysts expect that Hospitality Properties Trust will post 3.67 EPS for the current fiscal year.

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Hospitality Properties Trust Company Profile

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

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