Oakbrook Investments LLC Reduces Stake in Hospitality Properties Trust (NASDAQ:HPT)

Oakbrook Investments LLC cut its position in Hospitality Properties Trust (NASDAQ:HPT) by 2.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,920 shares of the real estate investment trust’s stock after selling 200 shares during the period. Oakbrook Investments LLC’s holdings in Hospitality Properties Trust were worth $202,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Hospitality Properties Trust by 3.3% in the first quarter. Vanguard Group Inc. now owns 29,114,517 shares of the real estate investment trust’s stock worth $917,981,000 after buying an additional 935,494 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Hospitality Properties Trust by 5,144.8% in the first quarter. BlackRock Inc. now owns 16,690,904 shares of the real estate investment trust’s stock worth $526,264,000 after buying an additional 16,372,668 shares during the last quarter. State Street Corp boosted its stake in shares of Hospitality Properties Trust by 1.1% in the first quarter. State Street Corp now owns 7,494,424 shares of the real estate investment trust’s stock worth $236,299,000 after buying an additional 81,867 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hospitality Properties Trust by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,312,901 shares of the real estate investment trust’s stock worth $72,925,000 after buying an additional 68,915 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Hospitality Properties Trust by 8.8% in the first quarter. Geode Capital Management LLC now owns 1,819,622 shares of the real estate investment trust’s stock worth $57,372,000 after buying an additional 147,371 shares during the last quarter. 77.19% of the stock is currently owned by institutional investors.

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

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

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

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A number of brokerages have issued reports on HPT. Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Robert W. Baird reissued a “neutral” rating and set a $32.00 target price (up previously from $31.00) on shares of Hospitality Properties Trust in a report on Friday, June 16th. BidaskClub raised shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. FBR & Co set a $35.00 price target on shares of Hospitality Properties Trust and gave the stock a “buy” rating in a report on Saturday, May 13th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price target (down previously from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Hospitality Properties Trust presently has an average rating of “Hold” and an average target price of $32.86.

Hospitality Properties Trust Company Profile

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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