According to Zacks, “Hospitality Properties Trust is a real estate investment trust. The company owns and leases hotels to unaffiliated hotel operators. The company’s principal strategy is to expand its investments in hotels and to set minimum rents which produce income in excess of the company’s cost of raising capital. The company seeks to provide capital to unaffiliated hotel operators who wish to divest their properties while remaining in the hotel business as tenants and in doing so, ensure stability of cash flow through dependable and diversified revenue sources. “
A number of other research firms have also recently issued reports on HPT. Canaccord Genuity reiterated a hold rating and set a $33.00 target price on shares of Hospitality Properties Trust in a report on Wednesday, August 10th. FBR & Co cut Hospitality Properties Trust from an outperform rating to a market perform rating and increased their target price for the stock from $31.00 to $32.00 in a report on Wednesday, August 10th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Hospitality Properties Trust has a consensus rating of Hold and an average target price of $29.50.
Shares of Hospitality Properties Trust (NYSE:HPT) opened at 28.51 on Tuesday. The firm’s 50-day moving average price is $29.55 and its 200 day moving average price is $28.38. Hospitality Properties Trust has a 52 week low of $20.69 and a 52 week high of $32.32. The company has a market cap of $4.32 billion, a P/E ratio of 33.42 and a beta of 1.11.
Hospitality Properties Trust (NYSE:HPT) last released its earnings results on Tuesday, August 9th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The firm had revenue of $550.30 million for the quarter, compared to the consensus estimate of $544 million. Hospitality Properties Trust’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. On average, equities analysts predict that Hospitality Properties Trust will post $3.60 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Friday, October 21st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 7.16%. Hospitality Properties Trust’s payout ratio is 196.16%.
Several institutional investors have recently made changes to their positions in the stock. RS Investment Management Co. LLC bought a new position in shares of Hospitality Properties Trust during the second quarter valued at $131,000. Independent Portfolio Consultants Inc. boosted its position in shares of Hospitality Properties Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,240 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 15 shares during the last quarter. NEXT Financial Group Inc increased its stake in shares of Hospitality Properties Trust by 2.1% in the second quarter. NEXT Financial Group Inc now owns 5,481 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 113 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Hospitality Properties Trust by 1.9% in the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 100 shares during the period. Finally, Creative Planning increased its stake in shares of Hospitality Properties Trust by 12.3% in the second quarter. Creative Planning now owns 6,400 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 700 shares during the period.
Hospitality Properties Trust Company Profile
Hospitality Properties Trust is a real estate investment trust. The Company owns approximately 300 hotels with over 45,860 rooms or suites, and approximately 190 travel centers. The Company’s segments include hotel investments, travel center investments and corporate. The Company’s properties are located in approximately 50 states in the United States, Canada and Puerto Rico.
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