Norges Bank Purchases Shares of 2,397,514 Hospitality Properties Trust (HPT)

Norges Bank acquired a new position in shares of Hospitality Properties Trust (NASDAQ:HPT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,397,514 shares of the real estate investment trust’s stock, valued at approximately $57,252,000. Norges Bank owned about 1.46% of Hospitality Properties Trust at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HPT. FMR LLC boosted its position in shares of Hospitality Properties Trust by 41.5% during the 4th quarter. FMR LLC now owns 752,093 shares of the real estate investment trust’s stock worth $17,960,000 after acquiring an additional 220,433 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Hospitality Properties Trust by 0.8% during the 4th quarter. Nordea Investment Management AB now owns 100,700 shares of the real estate investment trust’s stock worth $2,404,000 after acquiring an additional 800 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Hospitality Properties Trust by 7.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 278,244 shares of the real estate investment trust’s stock worth $6,644,000 after acquiring an additional 19,915 shares in the last quarter. HRT Financial LLC acquired a new stake in shares of Hospitality Properties Trust during the 4th quarter worth approximately $280,000. Finally, Millennium Management LLC boosted its position in shares of Hospitality Properties Trust by 85.1% during the 4th quarter. Millennium Management LLC now owns 470,393 shares of the real estate investment trust’s stock worth $11,233,000 after acquiring an additional 216,326 shares in the last quarter. Institutional investors own 75.62% of the company’s stock.

HPT has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating on shares of Hospitality Properties Trust in a research report on Friday, January 18th. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Thursday, January 17th. BidaskClub upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, ValuEngine upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Hospitality Properties Trust has an average rating of “Hold” and an average price target of $30.33.

Hospitality Properties Trust stock traded down $0.06 during mid-day trading on Wednesday, reaching $26.36. The company had a trading volume of 53,306 shares, compared to its average volume of 683,275. Hospitality Properties Trust has a fifty-two week low of $22.47 and a fifty-two week high of $29.43. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a market capitalization of $4.36 billion, a P/E ratio of 7.14, a P/E/G ratio of 1.44 and a beta of 1.08.

Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Wednesday, February 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $550.80 million for the quarter, compared to analyst estimates of $538.02 million. Hospitality Properties Trust had a net margin of 8.09% and a return on equity of 5.90%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. On average, analysts expect that Hospitality Properties Trust will post 3.67 earnings per share for the current year.

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About Hospitality Properties Trust

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, the District of Columbia, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

Further Reading: What is an SEC Filing?

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

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