Pennsylvania Trust Co bought a new stake in Hospitality Properties Trust (NASDAQ:HPT) during the first quarter, Holdings Channel reports. The fund bought 2,100 shares of the real estate investment trust’s stock, valued at approximately $442,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of HPT. Norges Bank acquired a new position in Hospitality Properties Trust in the fourth quarter valued at about $57,252,000. Oregon Public Employees Retirement Fund boosted its position in Hospitality Properties Trust by 2,288.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,555,209 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 1,490,083 shares in the last quarter. PGGM Investments boosted its position in Hospitality Properties Trust by 643.1% in the first quarter. PGGM Investments now owns 567,522 shares of the real estate investment trust’s stock valued at $14,932,000 after buying an additional 491,151 shares in the last quarter. BlackRock Inc. boosted its position in Hospitality Properties Trust by 2.4% in the fourth quarter. BlackRock Inc. now owns 20,085,751 shares of the real estate investment trust’s stock valued at $479,648,000 after buying an additional 474,978 shares in the last quarter. Finally, FMR LLC boosted its position 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. 75.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ HPT opened at $26.35 on Monday. Hospitality Properties Trust has a fifty-two week low of $22.47 and a fifty-two week high of $29.43. The company has a market capitalization of $4.33 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.61.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 29th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 8.20%. The ex-dividend date is Friday, April 26th. This is an increase from Hospitality Properties Trust’s previous quarterly dividend of $0.53. Hospitality Properties Trust’s dividend payout ratio is presently 57.45%.
A number of brokerages have recently issued reports on HPT. BidaskClub upgraded shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Friday, March 29th. ValuEngine upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. B. Riley set a $32.00 target price on shares of Hospitality Properties Trust and gave the stock a “buy” rating in a research report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Monday, December 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.33.
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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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