Boyer & Corporon Wealth Management LLC Raises Holdings in Hospitality Properties Trust (HPT)

Boyer & Corporon Wealth Management LLC raised its position in shares of Hospitality Properties Trust (NASDAQ:HPT) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,698 shares of the real estate investment trust’s stock after purchasing an additional 1,667 shares during the quarter. Boyer & Corporon Wealth Management LLC’s holdings in Hospitality Properties Trust were worth $2,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPT. We Are One Seven LLC bought a new position in Hospitality Properties Trust during the 4th quarter valued at $42,000. KBC Group NV bought a new position in Hospitality Properties Trust during the 4th quarter valued at $57,000. Oregon Public Employees Retirement Fund boosted its stake in Hospitality Properties Trust by 2,288.0% during the 4th 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 purchasing an additional 1,490,083 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Hospitality Properties Trust by 600.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,041 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 3,464 shares in the last quarter. Finally, First Hawaiian Bank boosted its stake in Hospitality Properties Trust by 10.9% during the 4th 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 in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on HPT shares. Zacks Investment Research lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. BidaskClub raised Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, March 29th. Finally, B. Riley set a $32.00 price objective on Hospitality Properties Trust and gave the stock a “buy” rating in a research note on Thursday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Hospitality Properties Trust presently has a consensus rating of “Hold” and an average price target of $30.33.

HPT opened at $25.92 on Tuesday. The firm has a market cap of $4.26 billion, a PE ratio of 7.02, a P/E/G ratio of 1.44 and a beta of 1.06. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.39 and a quick ratio of 0.36. Hospitality Properties Trust has a fifty-two week low of $22.47 and a fifty-two week high of $29.43.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $524.90 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.94 EPS. Equities research analysts forecast that Hospitality Properties Trust will post 3.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 29th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, April 26th. This is a positive change from Hospitality Properties Trust’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 8.33%. Hospitality Properties Trust’s dividend payout ratio (DPR) is currently 58.54%.

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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, 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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