Two Sigma Investments LP bought a new position in Hospitality Properties Trust (NASDAQ:SVC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 29,827 shares of the real estate investment trust’s stock, valued at approximately $161,000.
Several other institutional investors also recently made changes to their positions in SVC. Sound Income Strategies LLC lifted its position in shares of Hospitality Properties Trust by 453.0% in the 1st quarter. Sound Income Strategies LLC now owns 4,590 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 3,760 shares in the last quarter. grace capital purchased a new stake in shares of Hospitality Properties Trust in the fourth quarter valued at $32,000. Signaturefd LLC lifted its holdings in shares of Hospitality Properties Trust by 517.3% in the first quarter. Signaturefd LLC now owns 6,704 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 5,618 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Hospitality Properties Trust by 129.5% in the first quarter. Parallel Advisors LLC now owns 7,775 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 4,387 shares during the period. Finally, Jacobi Capital Management LLC grew its holdings in shares of Hospitality Properties Trust by 64.4% during the first quarter. Jacobi Capital Management LLC now owns 8,687 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 3,403 shares in the last quarter. 75.09% of the stock is currently owned by institutional investors.
Shares of NASDAQ SVC opened at $7.36 on Wednesday. The business has a 50 day simple moving average of $7.80 and a 200 day simple moving average of $13.88. Hospitality Properties Trust has a 52 week low of $3.59 and a 52 week high of $26.28. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -736,000.00 and a beta of 1.98. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.24 and a current ratio of 0.24.
A number of equities research analysts have commented on the company. Stifel Nicolaus decreased their price objective on Hospitality Properties Trust from $20.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, April 29th. ValuEngine cut shares of Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a report on Thursday, April 2nd. B. Riley lowered their price objective on shares of Hospitality Properties Trust from $17.00 to $13.00 in a research report on Tuesday, May 12th. Wells Fargo & Co cut their target price on shares of Hospitality Properties Trust from $21.00 to $16.00 in a research report on Monday, March 9th. Finally, Zacks Investment Research raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Hospitality Properties Trust currently has an average rating of “Hold” and an average target price of $16.00.
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, 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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