The Thrivent Financial for Lutherans Boosts Position in Hospitality Properties Trust (HPT)

The Thrivent Financial for Lutherans Boosts Position in Hospitality Properties Trust (HPT)

Thrivent Financial for Lutherans boosted its stake in shares of Hospitality Properties Trust (NYSE:HPT) by 8.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 175,299 shares of the real estate investment trust’s stock after buying an additional 14,180 shares during the period. Thrivent Financial for Lutherans owned about 0.11% of Hospitality Properties Trust worth $5,564,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. United Capital Financial Advisers LLC boosted its stake in Hospitality Properties Trust by 4.9% in the fourth quarter. United Capital Financial Advisers LLC now owns 35,551 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 1,646 shares during the last quarter. AQR Capital Management LLC boosted its stake in Hospitality Properties Trust by 25.0% in the fourth quarter. AQR Capital Management LLC now owns 47,547 shares of the real estate investment trust’s stock valued at $1,509,000 after buying an additional 9,513 shares during the last quarter. Ellington Management Group LLC purchased a new stake in Hospitality Properties Trust during the fourth quarter valued at $451,000. Tudor Investment Corp Et Al boosted its stake in Hospitality Properties Trust by 74.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 17,493 shares of the real estate investment trust’s stock valued at $555,000 after buying an additional 7,456 shares during the last quarter. Finally, Janus Capital Management LLC boosted its stake in Hospitality Properties Trust by 169.9% in the fourth quarter. Janus Capital Management LLC now owns 66,400 shares of the real estate investment trust’s stock valued at $2,108,000 after buying an additional 41,800 shares during the last quarter.

Hospitality Properties Trust (NYSE:HPT) traded down 0.26% during mid-day trading on Monday, reaching $31.00. The company’s stock had a trading volume of 128,924 shares. Hospitality Properties Trust has a one year low of $24.61 and a one year high of $32.63. The firm’s 50 day moving average is $31.60 and its 200-day moving average is $29.98. The stock has a market cap of $5.09 billion, a P/E ratio of 23.90 and a beta of 1.11.

Hospitality Properties Trust (NYSE:HPT) last announced its quarterly earnings results on Wednesday, March 1st. The real estate investment trust reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.25. The business earned $479.30 million during the quarter, compared to the consensus estimate of $492.36 million. During the same period in the previous year, the business posted $0.08 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Hospitality Properties Trust will post $1.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 21st. Investors of record on Monday, January 23rd were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date was Thursday, January 19th. Hospitality Properties Trust’s payout ratio is 196.16%.

Several research firms have weighed in on HPT. FBR & Co lifted their price objective on Hospitality Properties Trust from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday. Zacks Investment Research cut Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.50 price objective (up from $31.00) on shares of Hospitality Properties Trust in a research report on Friday, January 6th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $30.00 price objective on shares of Hospitality Properties Trust in a research report on Friday, December 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $33.10.

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.

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