Graybill Bartz Assoc Ltd Lowers stake in Hospitality Properties Trust (HPT)

Hospitality Properties Trust (HPT) : Graybill Bartz Assoc Ltd reduced its stake in Hospitality Properties Trust by 2.02% during the most recent quarter end. The investment management company now holds a total of 138,043 shares of Hospitality Properties Trust which is valued at $4,317,985 after selling 2,840 shares in Hospitality Properties Trust , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Hospitality Properties Trust makes up approximately 3.82% of Graybill Bartz Assoc Ltd’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management sold out all of its stake in HPT during the most recent quarter. The investment firm sold 24,736 shares of HPT which is valued $773,742.Capital Analysts boosted its stake in HPT in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 2,540 shares of Hospitality Properties Trust which is valued at $79,934. Hospitality Properties Trust makes up approx 0.02% of Capital Analysts’s portfolio.Edge Wealth Management boosted its stake in HPT in the latest quarter, The investment management firm added 773 additional shares and now holds a total of 789 shares of Hospitality Properties Trust which is valued at $23,544. Hospitality Properties Trust makes up approx 0.01% of Edge Wealth Management’s portfolio.

Hospitality Properties Trust closed down -0.42 points or -1.32% at $31.28 with 8,11,469 shares getting traded on Wednesday. Post opening the session at $31.2, the shares hit an intraday low of $30.91 and an intraday high of $31.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Hospitality Properties Trust reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.92. The company had revenue of $474.10 million for the quarter, compared to analysts expectations of $476.94 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on Hospitality Properties Trust. Company shares were Reiterated by FBR Capital on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 31 from a previous price target of $30 .

Hospitality Properties Trust (HPT) is a real estate investment trust (REIT). The Company operates in two segments: hotel real estate investments and travel center real estate investments. The Company owns approximately 291 hotels with 44107 rooms or suites and 184 travel centers. The Company does not operate its properties. Instead its properties are operated by other companies under long term management or lease agreements. The Company leased approximately 288 of its hotels are leased to its taxable REIT subsidiaries (TRSs) and managed by independent hotel operating companies and three hotels are leased to third parties. The Company also owns 184 travel centers all of which it leases to TravelCenters of America LLC or its subsidiaries pursuant to long term leases. The Company’s properties are located in 44 states in the United States Canada and Puerto Rico.

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