Analysts Set Hospitality Properties Trust (HPT) Price Target at $30.86

Shares of Hospitality Properties Trust (NASDAQ:HPT) have been given an average rating of “Hold” by the twelve research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.86.

A number of brokerages have recently weighed in on HPT. Zacks Investment Research upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Wells Fargo upgraded Hospitality Properties Trust from an “underperform” rating to a “market perform” rating and dropped their price target for the company from $28.00 to $25.00 in a research report on Monday, March 19th. Robert W. Baird restated a “hold” rating and issued a $27.00 price target on shares of Hospitality Properties Trust in a research report on Tuesday, March 6th. TheStreet cut Hospitality Properties Trust from a “b” rating to a “c+” rating in a research report on Thursday, March 1st. Finally, ValuEngine cut Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd.

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NASDAQ:HPT traded down $0.33 during trading hours on Wednesday, hitting $24.86. The company’s stock had a trading volume of 833,238 shares, compared to its average volume of 850,347. The stock has a market capitalization of $4,139.87, a price-to-earnings ratio of 6.96, a PEG ratio of 1.35 and a beta of 0.98. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.36 and a current ratio of 0.36. Hospitality Properties Trust has a 52-week low of $23.83 and a 52-week high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The firm had revenue of $535.14 million during the quarter, compared to analysts’ expectations of $518.18 million. Hospitality Properties Trust had a return on equity of 6.16% and a net margin of 9.91%. Hospitality Properties Trust’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. analysts predict that Hospitality Properties Trust will post 3.73 EPS for the current year.

Large investors have recently modified their holdings of the business. Prudential Financial Inc. raised its holdings in shares of Hospitality Properties Trust by 16.2% in the 3rd quarter. Prudential Financial Inc. now owns 2,231,889 shares of the real estate investment trust’s stock worth $63,587,000 after purchasing an additional 310,945 shares during the period. American Century Companies Inc. raised its holdings in shares of Hospitality Properties Trust by 17.0% in the 4th quarter. American Century Companies Inc. now owns 310,403 shares of the real estate investment trust’s stock worth $9,266,000 after purchasing an additional 45,171 shares during the period. Lourd Capital LLC purchased a new position in shares of Hospitality Properties Trust in the 4th quarter worth about $229,000. AXA raised its holdings in shares of Hospitality Properties Trust by 20.8% in the 3rd quarter. AXA now owns 373,632 shares of the real estate investment trust’s stock worth $10,645,000 after purchasing an additional 64,311 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Hospitality Properties Trust by 25.9% in the 3rd quarter. Stifel Financial Corp now owns 155,086 shares of the real estate investment trust’s stock worth $4,429,000 after purchasing an additional 31,896 shares during the period. 77.21% of the stock is currently owned by hedge funds and other institutional investors.

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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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