Trade Report: Today: Bank of Montreal Can Acquires 108,282 Shares of Hospitality Properties Trust (HPT)

Today: Bank of Montreal Can Acquires 108,282  Shares of Hospitality Properties Trust (HPT)

Bank of Montreal Can bought a new position in Hospitality Properties Trust (NYSE:HPT) during the second quarter, Holdings Channel reports. The fund bought 108,282 shares of the real estate investment trust’s stock, valued at approximately $3,119,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HPT. Independent Portfolio Consultants Inc. boosted its stake in Hospitality Properties Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,240 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 15 shares in the last quarter. NEXT Financial Group Inc boosted its stake in 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 valued at $157,000 after buying an additional 113 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Hospitality Properties Trust by 1.9% in the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 100 shares in the last quarter. Creative Planning boosted its stake in 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 valued at $184,000 after buying an additional 700 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new stake in Hospitality Properties Trust during the second quarter valued at about $221,000.

Hospitality Properties Trust (NYSE:HPT) traded down 0.41% during mid-day trading on Friday, reaching $29.04. 469,619 shares of the company’s stock traded hands. The stock has a market capitalization of $4.40 billion, a PE ratio of 34.04 and a beta of 1.11. Hospitality Properties Trust has a 12 month low of $20.69 and a 12 month high of $32.32. The firm’s 50-day moving average price is $29.43 and its 200 day moving average price is $28.42.

Hospitality Properties Trust (NYSE:HPT) last announced its quarterly earnings results on Tuesday, August 9th. The real estate investment trust reported $1.09 EPS for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $550.30 million for the quarter, compared to analyst estimates of $544 million. During the same quarter last year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts predict that Hospitality Properties Trust will post $3.60 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Shareholders of record on Friday, October 21st will be issued a dividend of $0.51 per share. The ex-dividend date is Wednesday, October 19th. This represents a $2.04 annualized dividend and a yield of 7.02%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 196.16%.

Several analysts recently issued reports on HPT shares. Canaccord Genuity reaffirmed a “hold” rating and issued a $33.00 price target on shares of Hospitality Properties Trust in a report on Wednesday, August 10th. FBR & Co cut shares of Hospitality Properties Trust from an “outperform” rating to a “market perform” rating and upped 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. Finally, Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.50.

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