Hospitality Properties Trust’s (HPT) Buy Rating Reaffirmed at FBR & Co

Hospitality Properties Trust (NASDAQ:HPT)‘s stock had its “buy” rating reaffirmed by stock analysts at FBR & Co in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a $33.00 target price on the real estate investment trust’s stock, down from their prior target price of $35.00. FBR & Co’s target price points to a potential upside of 20.76% from the stock’s previous close.

A number of other research firms have also recently weighed in on HPT. Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Robert W. Baird restated a “neutral” rating and issued a $32.00 price target (up from $31.00) on shares of Hospitality Properties Trust in a report on Friday, June 16th. Finally, BidaskClub upgraded shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $32.93.

Shares of Hospitality Properties Trust (NASDAQ:HPT) remained flat at $27.33 on Thursday. The stock had a trading volume of 696,359 shares. The stock has a 50-day moving average price of $29.11 and a 200-day moving average price of $30.49. The stock has a market capitalization of $4.49 billion, a P/E ratio of 23.99 and a beta of 1.01. Hospitality Properties Trust has a 12 month low of $26.06 and a 12 month high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by $0.03. Hospitality Properties Trust had a net margin of 10.10% and a return on equity of 7.54%. The firm had revenue of $570.60 million during the quarter, compared to the consensus estimate of $557.61 million. During the same quarter in the prior year, the business posted $1.09 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts forecast that Hospitality Properties Trust will post $1.43 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in HPT. Honkamp Krueger Financial Services Inc. boosted its stake in Hospitality Properties Trust by 1.5% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 7,686 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 110 shares during the period. Naples Global Advisors LLC boosted its stake in Hospitality Properties Trust by 0.4% in the second quarter. Naples Global Advisors LLC now owns 34,222 shares of the real estate investment trust’s stock worth $998,000 after buying an additional 125 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Hospitality Properties Trust by 0.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,347 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 179 shares during the period. Teacher Retirement System of Texas boosted its stake in Hospitality Properties Trust by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,159 shares of the real estate investment trust’s stock worth $384,000 after buying an additional 200 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in Hospitality Properties Trust by 1.9% in the second quarter. Capstone Asset Management Co. now owns 12,805 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 240 shares during the period. Institutional investors own 77.24% of the company’s stock.

Hospitality Properties Trust Company Profile

Hospitality Properties Trust is a real estate investment trust. The Company’s segments include hotel investments, travel center investments and corporate. As of December 31, 2016, the Company owned 306 hotels with 46,583 rooms or suites, and 198 travel centers. As of December 31, 2016, the Company’s properties were located in 45 states in the United States, Canada and Puerto Rico.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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