Oregon Public Employees Retirement Fund Purchases 2,563 Shares of Hospitality Properties Trust (HPT)

Oregon Public Employees Retirement Fund increased its stake in Hospitality Properties Trust (NASDAQ:HPT) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,048 shares of the real estate investment trust’s stock after buying an additional 2,563 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Hospitality Properties Trust were worth $1,750,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HPT. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Hospitality Properties Trust by 117.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 2,700 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Hospitality Properties Trust during the first quarter valued at $198,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Hospitality Properties Trust by 3,130.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,460 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 6,260 shares during the period. Jane Street Group LLC purchased a new stake in shares of Hospitality Properties Trust during the first quarter valued at $209,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Hospitality Properties Trust during the first quarter valued at $211,000. Institutional investors and hedge funds own 77.19% of the company’s stock.

Shares of Hospitality Properties Trust (NASDAQ HPT) opened at 27.46 on Thursday. Hospitality Properties Trust has a 12 month low of $26.06 and a 12 month high of $32.68. The stock’s 50 day moving average is $28.72 and its 200-day moving average is $30.34. The company has a market cap of $4.51 billion, a P/E ratio of 23.33 and a beta of 1.01.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 24th will be paid a $0.52 dividend. The ex-dividend date is Thursday, July 20th. This represents a $2.08 dividend on an annualized basis and a yield of 7.57%. Hospitality Properties Trust’s payout ratio is 176.27%.

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Several equities research analysts recently weighed in on HPT shares. BidaskClub raised shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 target price (down previously from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 target price (up previously from $31.00) on shares of Hospitality Properties Trust in a research report on Friday, June 16th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $33.00 target price (down previously from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. 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. The stock presently has an average 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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