Hourglass Capital buys $11,191,282 stake in Hospitality Properties Trust (HPT)

Hospitality Properties Trust (HPT) : Hourglass Capital scooped up 5,300 additional shares in Hospitality Properties Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 353,595 shares of Hospitality Properties Trust which is valued at $11,191,282.Hospitality Properties Trust makes up approximately 2.59% of Hourglass Capital’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd reduced its stake in HPT by selling 34,871 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 1,388,949 shares of HPT which is valued at $43,960,236. Hospitality Properties Trust makes up approx 0.02% of Blackrock Group Ltd’s portfolio.State Treasurer State Of Michigan boosted its stake in HPT in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 60,800 shares of Hospitality Properties Trust which is valued at $1,921,280. Hospitality Properties Trust makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.Shell Asset Management Co reduced its stake in HPT by selling 1,851 shares or 5.39% in the most recent quarter. The Hedge Fund company now holds 32,463 shares of HPT which is valued at $1,015,443. Hospitality Properties Trust makes up approx 0.02% of Shell Asset Management Co’s portfolio.Cibc World Markets boosted its stake in HPT in the latest quarter, The investment management firm added 5,077 additional shares and now holds a total of 34,466 shares of Hospitality Properties Trust which is valued at $1,096,363.Capital Management Corp Va reduced its stake in HPT by selling 23,581 shares or 9.13% in the most recent quarter. The Hedge Fund company now holds 234,786 shares of HPT which is valued at $7,468,543. Hospitality Properties Trust makes up approx 2.75% of Capital Management Corp Va’s portfolio.

Hospitality Properties Trust closed down -0.02 points or -0.07% at $30.61 with 12,27,149 shares getting traded on Friday. Post opening the session at $30.6, the shares hit an intraday low of $30.45 and an intraday high of $30.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Hospitality Properties Trust reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $1.05. The company had revenue of $550.30 million for the quarter, compared to analysts expectations of $540.30 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

Many Wall Street Analysts have commented on Hospitality Properties Trust. Company shares were Downgraded by FBR Capital on Aug 10, 2016 to ” Mkt Perform”, Firm has raised the Price Target to $ 32 from a previous price target of $31 .

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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