Martingale Asset Management L P Sells 116,790 Shares of Hospitality Properties Trust (NASDAQ:HPT)

Martingale Asset Management L P decreased its holdings in shares of Hospitality Properties Trust (NASDAQ:HPT) by 14.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 717,811 shares of the real estate investment trust’s stock after selling 116,790 shares during the period. Martingale Asset Management L P owned 0.44% of Hospitality Properties Trust worth $20,925,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HPT. BNP Paribas Arbitrage SA boosted its stake in Hospitality Properties Trust by 88.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 203,237 shares of the real estate investment trust’s stock worth $5,924,000 after purchasing an additional 95,393 shares in the last quarter. SG Americas Securities LLC boosted its stake in Hospitality Properties Trust by 215.1% in the 1st quarter. SG Americas Securities LLC now owns 52,695 shares of the real estate investment trust’s stock worth $1,661,000 after purchasing an additional 35,974 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Hospitality Properties Trust by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 23,829 shares of the real estate investment trust’s stock worth $751,000 after purchasing an additional 286 shares in the last quarter. Swiss National Bank boosted its stake in Hospitality Properties Trust by 1.3% in the 1st quarter. Swiss National Bank now owns 270,688 shares of the real estate investment trust’s stock worth $8,535,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Hospitality Properties Trust by 0.5% in the 2nd 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 purchasing an additional 13,279 shares in the last quarter. Institutional investors and hedge funds own 76.41% of the company’s stock.

Hospitality Properties Trust (NASDAQ HPT) traded up 1.25% during midday trading on Friday, hitting $28.43. 952,883 shares of the stock were exchanged. Hospitality Properties Trust has a one year low of $26.06 and a one year high of $32.68. The stock has a market cap of $4.67 billion, a P/E ratio of 24.15 and a beta of 1.02. The firm 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 released its quarterly 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). Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The company had revenue of $570.60 million for the quarter, compared to the consensus estimate of $557.61 million. During the same quarter last year, the company posted $1.09 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Hospitality Properties Trust will post $1.07 EPS for the current fiscal year.

Several analysts have commented on HPT shares. Zacks Investment Research raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 23rd. BidaskClub raised shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 target price (up from $31.00) on shares of Hospitality Properties Trust in a report on Friday, June 16th. FBR & Co reaffirmed a “buy” rating and set a $33.00 target price (down from $35.00) on shares of Hospitality Properties Trust in a report on Thursday, August 10th. Finally, Stifel Nicolaus reissued 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. Two equities 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.86.

ILLEGAL ACTIVITY NOTICE: “Martingale Asset Management L P Sells 116,790 Shares of Hospitality Properties Trust (NASDAQ:HPT)” was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.truebluetribune.com/2017/09/17/martingale-asset-management-l-p-reduces-holdings-in-hospitality-properties-trust-hpt.html.

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)

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