Capstone Asset Management Co. Has $373,000 Stake in Hospitality Properties Trust (NASDAQ:HPT)

Capstone Asset Management Co. boosted its position in Hospitality Properties Trust (NASDAQ:HPT) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,805 shares of the real estate investment trust’s stock after buying an additional 240 shares during the period. Capstone Asset Management Co.’s holdings in Hospitality Properties Trust were worth $373,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Hospitality Properties Trust by 0.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,347 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 179 shares during the last quarter. World Asset Management Inc raised its stake in shares of Hospitality Properties Trust by 2.1% in the first quarter. World Asset Management Inc now owns 13,623 shares of the real estate investment trust’s stock worth $430,000 after buying an additional 278 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Hospitality Properties Trust by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 23,829 shares of the real estate investment trust’s stock worth $751,000 after buying an additional 286 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Hospitality Properties Trust by 3.3% in the first quarter. Oppenheimer & Co. Inc. now owns 9,391 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 300 shares during the last quarter. Finally, Colonial Trust Advisors raised its stake in shares of Hospitality Properties Trust by 0.8% in the first quarter. Colonial Trust Advisors now owns 49,171 shares of the real estate investment trust’s stock worth $1,446,000 after buying an additional 380 shares during the last quarter. 77.19% of the stock is currently owned by institutional investors and hedge funds.

Hospitality Properties Trust (NASDAQ:HPT) opened at 27.33 on Friday. Hospitality Properties Trust has a 12-month low of $26.06 and a 12-month high of $32.68. The stock has a market capitalization of $4.49 billion, a PE ratio of 23.22 and a beta of 1.01. The stock’s 50 day moving average is $28.58 and its 200 day moving average is $30.29.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.03. Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The firm had revenue of $570.60 million during the quarter, compared to analysts’ expectations of $557.61 million. During the same quarter in the prior year, the firm posted $1.09 EPS. Hospitality Properties Trust’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that Hospitality Properties Trust will post $1.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 24th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date of this dividend was Thursday, July 20th. Hospitality Properties Trust’s dividend payout ratio is currently 176.27%.

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A number of research analysts recently issued reports on HPT shares. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price target (down from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. FBR & Co reissued a “buy” rating and set a $33.00 price target (down from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Canaccord Genuity reissued a “hold” rating and set a $30.00 price target (down from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Zacks Investment Research raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Robert W. Baird reissued a “neutral” rating and set a $32.00 price target (up from $31.00) on shares of Hospitality Properties Trust in a research report on Friday, June 16th. Two analysts have 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 target price of $32.86.

About Hospitality Properties Trust

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.

Institutional Ownership by Quarter for Hospitality Properties Trust (NASDAQ:HPT)

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