Short Interest in Hospitality Properties Trust (HPT) Decreases By 32.2%

Hospitality Properties Trust (NASDAQ:HPT) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,180,069 shares, a drop of 32.2% from the October 13th total of 3,214,486 shares. Based on an average daily volume of 500,766 shares, the days-to-cover ratio is presently 4.4 days. Currently, 1.3% of the shares of the stock are sold short.

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its position in Hospitality Properties Trust by 0.3% in the 2nd quarter. State Street Corp now owns 7,515,303 shares of the real estate investment trust’s stock worth $219,069,000 after buying an additional 20,879 shares during the last quarter. Uniplan Investment Counsel Inc. lifted its position in Hospitality Properties Trust by 102.4% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 4,551,916 shares of the real estate investment trust’s stock worth $67,553,000 after buying an additional 2,302,654 shares during the last quarter. Northern Trust Corp lifted its position in Hospitality Properties Trust by 6.5% in the 2nd quarter. Northern Trust Corp now owns 3,116,831 shares of the real estate investment trust’s stock worth $90,855,000 after buying an additional 189,013 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Hospitality Properties Trust by 3.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,509,670 shares of the real estate investment trust’s stock worth $71,500,000 after buying an additional 79,198 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Hospitality Properties Trust by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,404,009 shares of the real estate investment trust’s stock worth $68,491,000 after buying an additional 51,703 shares during the last quarter. Institutional investors own 76.03% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, October 11th. Robert W. Baird set a $30.00 price target on Hospitality Properties Trust and gave the company a “hold” rating in a research report on Tuesday, October 17th. BidaskClub upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Canaccord Genuity reiterated a “hold” rating and set a $30.00 price target (down previously from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Finally, FBR & Co reiterated a “buy” rating and set a $33.00 price target (down previously from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Hospitality Properties Trust presently has a consensus rating of “Buy” and an average target price of $32.17.

Shares of Hospitality Properties Trust (NASDAQ HPT) opened at $29.82 on Friday. The stock has a market capitalization of $4,864.73, a PE ratio of 8.20, a PEG ratio of 1.65 and a beta of 1.05. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.44. Hospitality Properties Trust has a 12-month low of $26.64 and a 12-month high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.03. The firm had revenue of $577.60 million during the quarter, compared to the consensus estimate of $581.67 million. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. sell-side analysts forecast that Hospitality Properties Trust will post 3.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $2.08 dividend on an annualized basis and a yield of 6.98%. Hospitality Properties Trust’s payout ratio is 148.57%.

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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.

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