Pineno Levin & Ford Asset Management Inc. Has $924,000 Stake in Hospitality Properties Trust (NASDAQ:HPT)

Pineno Levin & Ford Asset Management Inc. maintained its position in Hospitality Properties Trust (NASDAQ:HPT) during the second quarter, Holdings Channel reports. The firm owned 31,700 shares of the real estate investment trust’s stock at the end of the second quarter. Pineno Levin & Ford Asset Management Inc.’s holdings in Hospitality Properties Trust were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in Hospitality Properties Trust by 2.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 57,485 shares of the real estate investment trust’s stock valued at $1,813,000 after buying an additional 1,560 shares during the period. Breton Hill Capital Ltd. acquired a new position in Hospitality Properties Trust during the first quarter valued at approximately $848,000. IFP Advisors Inc increased its position in Hospitality Properties Trust by 60.1% in the first quarter. IFP Advisors Inc now owns 8,084 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 3,035 shares during the period. Shell Asset Management Co. acquired a new position in Hospitality Properties Trust during the first quarter valued at approximately $1,101,000. Finally, Janney Montgomery Scott LLC increased its position in Hospitality Properties Trust by 14.7% in the first quarter. Janney Montgomery Scott LLC now owns 85,418 shares of the real estate investment trust’s stock valued at $2,693,000 after buying an additional 10,962 shares during the period. Institutional investors and hedge funds own 77.24% of the company’s stock.

Shares of Hospitality Properties Trust (NASDAQ HPT) opened at 28.83 on Tuesday. The stock’s 50 day moving average is $29.45 and its 200 day moving average is $30.60. Hospitality Properties Trust has a 52-week low of $26.06 and a 52-week high of $32.68. The stock has a market capitalization of $4.74 billion, a PE ratio of 25.31 and a beta of 1.01.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, May 10th. The real estate investment trust reported $0.91 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.91. The business had revenue of $488.60 million during the quarter, compared to analyst estimates of $482.04 million. Hospitality Properties Trust had a net margin of 10.10% and a return on equity of 7.54%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. Equities research analysts expect that Hospitality Properties Trust will post $1.43 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 24th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date is Thursday, July 20th. Hospitality Properties Trust’s payout ratio is 180.87%.

WARNING: “Pineno Levin & Ford Asset Management Inc. Has $924,000 Stake in Hospitality Properties Trust (NASDAQ:HPT)” was first posted by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.themarketsdaily.com/2017/08/08/pineno-levin-ford-asset-management-inc-has-924000-stake-in-hospitality-properties-trust-nasdaqhpt.html.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 price objective (up from $31.00) on shares of Hospitality Properties Trust in a research report on Friday, June 16th. BidaskClub raised shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Finally, FBR & Co set a $35.00 price objective on shares of Hospitality Properties Trust and gave the stock a “buy” rating in a research report on Saturday, May 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Hospitality Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $33.21.

About Hospitality Properties Trust

Hospitality Properties Trust is a real estate investment trust. The Company’s segments include hotel investments, travel center investments and corporate. As of December 31, 2016, the Company owned 306 hotels with 46,583 rooms or suites, and 198 travel centers. As of December 31, 2016, the Company’s properties were located in 45 states in the United States, Canada and Puerto Rico.

Want to see what other hedge funds are holding HPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hospitality Properties Trust (NASDAQ:HPT).

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

Receive News & Ratings for Hospitality Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hospitality Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply