Community Bank of Raymore raised its position in Hospitality Properties Trust (NASDAQ:HPT) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,329,203 shares of the real estate investment trust’s stock after acquiring an additional 23,280 shares during the quarter. Hospitality Properties Trust makes up approximately 13.7% of Community Bank of Raymore’s portfolio, making the stock its biggest position. Community Bank of Raymore’s holdings in Hospitality Properties Trust were worth $38,334,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in shares of Hospitality Properties Trust by 8.5% in the 1st quarter. Sei Investments Co. now owns 66,338 shares of the real estate investment trust’s stock valued at $1,681,000 after buying an additional 5,209 shares during the period. Principal Financial Group Inc. lifted its stake in Hospitality Properties Trust by 2.7% during the first quarter. Principal Financial Group Inc. now owns 724,616 shares of the real estate investment trust’s stock worth $18,362,000 after purchasing an additional 18,976 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Hospitality Properties Trust by 56.2% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 33,629 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 12,105 shares during the last quarter. Element Capital Management LLC purchased a new stake in Hospitality Properties Trust during the first quarter worth approximately $206,000. Finally, LPL Financial LLC lifted its stake in Hospitality Properties Trust by 9.1% during the first quarter. LPL Financial LLC now owns 208,332 shares of the real estate investment trust’s stock worth $5,279,000 after purchasing an additional 17,293 shares during the last quarter. 73.70% of the stock is owned by institutional investors.
NASDAQ HPT traded up $0.04 on Friday, reaching $26.45. The stock had a trading volume of 30,244 shares, compared to its average volume of 651,293. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.49. Hospitality Properties Trust has a 12-month low of $23.83 and a 12-month high of $31.27. The stock has a market cap of $4.39 billion, a P/E ratio of 7.42, a P/E/G ratio of 1.36 and a beta of 0.88.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, October 29th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date of this dividend is Friday, October 26th. Hospitality Properties Trust’s dividend payout ratio is currently 59.38%.
Several equities research analysts recently weighed in on HPT shares. B. Riley boosted their target price on Hospitality Properties Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Stifel Nicolaus boosted their target price on Hospitality Properties Trust from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, June 29th. BidaskClub upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Zacks Investment Research cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.83.
Hospitality Properties Trust 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, 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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