No specific reason but hedge funds bailing on everything to raise cash for redemptions. They are throwing out the baby with the bath water. However, this leaves many opportunities like HPT for astute long term investors, with a 8% dividend, a rock solid balance sheet, conservatively managed, and the very good prospect of increasing dividends in the near future. Don't know if this is the bottom or not as that is always hard to predict. But certainly you will not go wrong long term with HPT at these levels. Definitely undervalued at this price.
It seems like the safer stocks get hit as hard or harder than some of the more leveraged stocks. No rhyme nor reason. Even the preferreds sometimes go down 5% then up 4% the next day. Best thing is to hold and collect your dividends or put some money in the market if you feel comfortable. Stocks are really going to take off when the FED lowers interest rates.