Hospitality Properties Trust (NASDAQ:SVC) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 5,150,000 shares, a drop of 12.0% from the June 30th total of 5,850,000 shares. Based on an average daily volume of 3,180,000 shares, the short-interest ratio is currently 1.6 days. Approximately 3.2% of the company’s shares are short sold.
Shares of SVC opened at $6.70 on Friday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 1.84 and a beta of 1.98. The company’s fifty day moving average is $7.37 and its 200-day moving average is $11.22. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 2.58. Hospitality Properties Trust has a 12 month low of $3.59 and a 12 month high of $26.28.
Hospitality Properties Trust (NASDAQ:SVC) last posted its earnings results on Monday, May 11th. The real estate investment trust reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.15). Hospitality Properties Trust had a return on equity of 0.01% and a net margin of 0.01%. The business had revenue of $483.78 million for the quarter, compared to analyst estimates of $513.86 million. As a group, research analysts predict that Hospitality Properties Trust will post 2.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, July 27th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, July 24th. Hospitality Properties Trust’s dividend payout ratio is 1.06%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its holdings in Hospitality Properties Trust by 6.0% in the second quarter. Comerica Bank now owns 79,273 shares of the real estate investment trust’s stock valued at $559,000 after purchasing an additional 4,460 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at about $512,000. Signaturefd LLC raised its position in shares of Hospitality Properties Trust by 364.0% in the 2nd quarter. Signaturefd LLC now owns 31,104 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 24,400 shares during the period. State of Michigan Retirement System boosted its stake in Hospitality Properties Trust by 31.4% during the 2nd quarter. State of Michigan Retirement System now owns 59,915 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 14,315 shares during the last quarter. Finally, GWM Advisors LLC acquired a new position in Hospitality Properties Trust during the second quarter valued at approximately $118,000. Institutional investors and hedge funds own 75.01% of the company’s stock.
SVC has been the subject of a number of research analyst reports. Wells Fargo & Co reduced their target price on Hospitality Properties Trust from $13.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. B. Riley reduced their price target on shares of Hospitality Properties Trust from $17.00 to $13.00 in a research report on Tuesday, May 12th. ValuEngine upgraded shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd. Stifel Nicolaus lowered their price target on shares of Hospitality Properties Trust from $20.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, April 29th. Finally, Zacks Investment Research upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.00.
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.
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