Trade Report: Today: Global X Management Co. LLC Raises it position for Hospitality Properties Trust (HPT)

Today: Global X Management Co. LLC Raises it position for Hospitality Properties Trust (HPT)

Global X Management Co. LLC boosted its position in shares of Hospitality Properties Trust (NYSE:HPT) by 0.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 294,231 shares of the real estate investment trust’s stock after buying an additional 10 shares during the period. Global X Management Co. LLC owned approximately 0.19% of Hospitality Properties Trust worth $8,745,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. raised its position in shares of Hospitality Properties Trust by 14.2% in the third quarter. Winslow Evans & Crocker Inc. now owns 4,032 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 500 shares during the last quarter. RS Investment Management Co. LLC bought a new position in shares of Hospitality Properties Trust during the second quarter worth $131,000. Independent Portfolio Consultants Inc. raised its position in shares of 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 worth $151,000 after buying an additional 15 shares during the last quarter. NEXT Financial Group Inc raised its position 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 during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of 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 worth $158,000 after buying an additional 100 shares during the last quarter.

Hospitality Properties Trust (NYSE:HPT) traded down 0.24% during trading on Monday, hitting $29.12. 218,031 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 released its earnings results on Wednesday, November 9th. The real estate investment trust reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by $0.01. The company had revenue of $543.52 million for the quarter, compared to the consensus estimate of $549.70 million. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. On average, equities research analysts forecast that Hospitality Properties Trust will post $3.54 EPS for the current year.

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

A number of equities analysts recently weighed in on the stock. FBR & Co raised shares of Hospitality Properties Trust from a “market perform” rating to an “outperform” rating and set a $33.00 target price for the company in a research note on Friday, November 11th. Canaccord Genuity reaffirmed a “hold” rating and issued a $33.00 target price on shares of Hospitality Properties Trust in a research note on Tuesday, August 16th. Zacks Investment Research raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Janney Montgomery Scott assumed coverage on shares of Hospitality Properties Trust in a research note on Tuesday, October 18th. They issued a “buy” rating and a $31.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $30.57.

Hospitality Properties Trust Company Profile

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