Zacks: Brokerages Expect Hospitality Properties Trust (HPT) Will Announce Quarterly Sales of $591.60 Million

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Wall Street brokerages expect Hospitality Properties Trust (NASDAQ:HPT) to report sales of $591.60 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Hospitality Properties Trust’s earnings, with the lowest sales estimate coming in at $580.39 million and the highest estimate coming in at $605.12 million. Hospitality Properties Trust posted sales of $570.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 8th.

On average, analysts expect that Hospitality Properties Trust will report full-year sales of $2.24 billion for the current fiscal year, with estimates ranging from $2.21 billion to $2.28 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.29 billion per share, with estimates ranging from $2.26 billion to $2.32 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Hospitality Properties Trust.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Wednesday, May 9th. The real estate investment trust reported $0.94 EPS for the quarter, meeting the consensus estimate of $0.94. Hospitality Properties Trust had a return on equity of 6.85% and a net margin of 11.67%. The company had revenue of $528.60 million for the quarter, compared to analyst estimates of $525.68 million. During the same period last year, the company earned $0.16 earnings per share. Hospitality Properties Trust’s quarterly revenue was up 8.2% compared to the same quarter last year.

Several brokerages have commented on HPT. TheStreet raised Hospitality Properties Trust from a “c+” rating to a “b-” rating in a report on Friday, May 25th. Zacks Investment Research raised Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Thursday, May 10th. ValuEngine raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, May 11th. BidaskClub raised Hospitality Properties Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, June 1st. Finally, B. Riley set a $32.00 price objective on Hospitality Properties Trust and gave the company a “buy” rating in a report on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Hospitality Properties Trust has a consensus rating of “Hold” and a consensus target price of $30.25.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Hospitality Properties Trust by 17.0% in the fourth quarter. American Century Companies Inc. now owns 310,403 shares of the real estate investment trust’s stock valued at $9,266,000 after acquiring an additional 45,171 shares in the last quarter. LPL Financial LLC lifted its position in shares of Hospitality Properties Trust by 127.8% in the fourth quarter. LPL Financial LLC now owns 191,039 shares of the real estate investment trust’s stock valued at $5,703,000 after acquiring an additional 107,181 shares in the last quarter. Teachers Advisors LLC lifted its position in Hospitality Properties Trust by 14.6% during the fourth quarter. Teachers Advisors LLC now owns 239,923 shares of the real estate investment trust’s stock worth $7,162,000 after buying an additional 30,510 shares in the last quarter. AXA lifted its position in Hospitality Properties Trust by 1.8% during the fourth quarter. AXA now owns 380,434 shares of the real estate investment trust’s stock worth $11,356,000 after buying an additional 6,802 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Hospitality Properties Trust by 136.9% during the fourth quarter. Renaissance Technologies LLC now owns 900,800 shares of the real estate investment trust’s stock worth $26,889,000 after buying an additional 520,500 shares in the last quarter. Institutional investors and hedge funds own 73.81% of the company’s stock.

HPT traded up $0.42 during trading on Monday, hitting $28.67. The company’s stock had a trading volume of 1,550,339 shares, compared to its average volume of 715,002. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 1.48. Hospitality Properties Trust has a twelve month low of $23.83 and a twelve month high of $31.27. The firm has a market cap of $4.64 billion, a P/E ratio of 8.03, a PEG ratio of 1.46 and a beta of 1.01.

About Hospitality Properties Trust

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, 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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Earnings History and Estimates for Hospitality Properties Trust (NASDAQ:HPT)

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