Todays Report: Today, Honeywell International Inc. Takes Position in Hospitality Properties Trust (HPT)

Today, Honeywell International Inc. Takes Position in Hospitality Properties Trust (HPT)

Honeywell International Inc. bought a new position in shares of Hospitality Properties Trust (NYSE:HPT) during the third quarter, Holdings Channel reports. The fund bought 68,000 shares of the real estate investment trust’s stock, valued at approximately $2,021,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HPT. Capstone Asset Management Co. boosted its position in Hospitality Properties Trust by 3.8% in the second quarter. Capstone Asset Management Co. now owns 11,445 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 420 shares during the period. Naples Global Advisors LLC increased its stake in shares of Hospitality Properties Trust by 3.0% in the second quarter. Naples Global Advisors LLC now owns 33,047 shares of the real estate investment trust’s stock worth $952,000 after buying an additional 950 shares in the last quarter. Creative Planning increased its stake in shares of Hospitality Properties Trust by 12.3% in the second quarter. Creative Planning now owns 6,400 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 700 shares in the last quarter. Forte Capital LLC ADV increased its stake in shares of Hospitality Properties Trust by 23.5% in the second quarter. Forte Capital LLC ADV now owns 23,980 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 4,570 shares in the last quarter. Finally, NEXT Financial Group Inc increased its stake in shares of Hospitality Properties Trust by 2.1% in the second quarter. NEXT Financial Group Inc now owns 5,481 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 113 shares in the last quarter.

Hospitality Properties Trust (NYSE:HPT) traded up 0.86% during mid-day trading on Friday, hitting $29.19. 280,711 shares of the stock were exchanged. Hospitality Properties Trust has a 52-week low of $20.69 and a 52-week high of $32.32.

Hospitality Properties Trust (NYSE:HPT) last issued its earnings results on Wednesday, November 9th. The real estate investment trust reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.04 by $0.01. The firm had revenue of $543.52 million for the quarter, compared to analyst estimates of $549.70 million. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. Analysts forecast that Hospitality Properties Trust will post $3.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Friday, October 21st were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date was Wednesday, October 19th. Hospitality Properties Trust’s dividend payout ratio (DPR) is 196.16%.

A number of analysts have issued reports on HPT shares. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “strong sell” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, October 18th. Janney Montgomery Scott started coverage on shares of Hospitality Properties Trust in a report on Tuesday, October 18th. They issued a “buy” rating and a $31.00 price target on the stock. Canaccord Genuity reiterated a “hold” rating and issued a $33.00 price target on shares of Hospitality Properties Trust in a report on Tuesday, August 16th. Finally, FBR & Co downgraded shares of Hospitality Properties Trust from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $31.00 to $32.00 in a report on Wednesday, August 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Hospitality Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $30.57.

About Hospitality Properties Trust

Hospitality Properties Trust is a real estate investment trust. The Company owns approximately 300 hotels with over 45,860 rooms or suites, and approximately 190 travel centers. The Company’s segments include hotel investments, travel center investments and corporate. The Company’s properties are located in approximately 50 states in the United States, Canada and Puerto Rico.

Related posts

Leave a Comment