Los Angeles Capital Management & Equity Research Inc. Buys 180,680 Shares of Hospitality Properties Trust (HPT)

Los Angeles Capital Management & Equity Research Inc. grew its stake in Hospitality Properties Trust (NASDAQ:HPT) by 134.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,729 shares of the real estate investment trust’s stock after purchasing an additional 180,680 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.19% of Hospitality Properties Trust worth $9,174,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HPT. Vanguard Group Inc. lifted its holdings in Hospitality Properties Trust by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 29,114,517 shares of the real estate investment trust’s stock valued at $917,981,000 after purchasing an additional 935,494 shares during the last quarter. BlackRock Inc. raised its stake in shares of Hospitality Properties Trust by 5,144.8% in the first quarter. BlackRock Inc. now owns 16,690,904 shares of the real estate investment trust’s stock worth $526,264,000 after acquiring an additional 16,372,668 shares during the last quarter. State Street Corp raised its stake in shares of Hospitality Properties Trust by 1.1% in the first quarter. State Street Corp now owns 7,494,424 shares of the real estate investment trust’s stock worth $236,299,000 after acquiring an additional 81,867 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hospitality Properties Trust by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,430,472 shares of the real estate investment trust’s stock worth $70,848,000 after acquiring an additional 13,279 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Hospitality Properties Trust by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,312,901 shares of the real estate investment trust’s stock worth $72,925,000 after acquiring an additional 68,915 shares during the last quarter. Institutional investors and hedge funds own 76.41% of the company’s stock.

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Shares of Hospitality Properties Trust (NASDAQ:HPT) traded up 1.25% during trading on Friday, hitting $28.43. 952,883 shares of the stock traded hands. Hospitality Properties Trust has a 1-year low of $26.06 and a 1-year high of $32.68. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 24.15 and a beta of 1.02. The stock has a 50 day moving average price of $27.73 and a 200-day moving average price of $29.71.

Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). The business had revenue of $570.60 million for the quarter, compared to the consensus estimate of $557.61 million. Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $1.09 EPS. Equities analysts forecast that Hospitality Properties Trust will post $1.07 EPS for the current year.

A number of research analysts recently issued reports on HPT shares. BidaskClub upgraded shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price target (down previously from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Robert W. Baird reiterated a “neutral” rating and issued a $32.00 price target (up previously from $31.00) on shares of Hospitality Properties Trust in a report on Friday, June 16th. Finally, FBR & Co reissued a “buy” rating and issued a $33.00 price objective (down previously from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Hospitality Properties Trust presently has an average rating of “Hold” and a consensus price target of $32.86.

Hospitality Properties Trust Company Profile

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.

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

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