Royal Bank of Canada Raises Position in Hospitality Properties Trust (NASDAQ:SVC)

Royal Bank of Canada grew its holdings in shares of Hospitality Properties Trust (NASDAQ:SVC) by 34.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,083 shares of the real estate investment trust’s stock after purchasing an additional 95,124 shares during the period. Royal Bank of Canada owned approximately 0.22% of Hospitality Properties Trust worth $9,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its stake in Hospitality Properties Trust by 5.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,652 shares of the real estate investment trust’s stock worth $517,000 after acquiring an additional 991 shares during the last quarter. First Trust Advisors LP grew its position in Hospitality Properties Trust by 1.4% during the 1st quarter. First Trust Advisors LP now owns 343,827 shares of the real estate investment trust’s stock worth $9,046,000 after purchasing an additional 4,883 shares during the period. Pictet Asset Management Ltd. grew its position in Hospitality Properties Trust by 43.4% during the 1st quarter. Pictet Asset Management Ltd. now owns 28,100 shares of the real estate investment trust’s stock worth $739,000 after purchasing an additional 8,500 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Hospitality Properties Trust during the 1st quarter worth about $143,000. Finally, Swiss National Bank grew its position in Hospitality Properties Trust by 3.1% during the 1st quarter. Swiss National Bank now owns 299,688 shares of the real estate investment trust’s stock worth $7,900,000 after purchasing an additional 9,100 shares during the period. Hedge funds and other institutional investors own 74.79% of the company’s stock.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. BidaskClub upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.33.



NASDAQ:SVC opened at $25.11 on Wednesday. Hospitality Properties Trust has a 52 week low of $22.47 and a 52 week high of $28.11. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $4.13 billion, a PE ratio of 6.80 and a beta of 0.96. The stock’s 50-day moving average price is $24.79 and its 200-day moving average price is $25.23.

Hospitality Properties Trust (NASDAQ:SVC) last issued its quarterly earnings results on Friday, August 9th. The real estate investment trust reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.02. The firm had revenue of $610.60 million for the quarter, compared to analyst estimates of $606.51 million. Hospitality Properties Trust had a negative net margin of 9.12% and a negative return on equity of 7.74%. Hospitality Properties Trust’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. Sell-side analysts expect that Hospitality Properties Trust will post 3.7 earnings per share for the current fiscal year.

Hospitality Properties Trust Profile

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

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