A number of other equities analysts also recently commented on HPT. ValuEngine upgraded shares of Hospitality Properties Trust from a sell rating to a hold rating in a research note on Wednesday, September 4th. Zacks Investment Research cut Hospitality Properties Trust from a buy rating to a hold rating in a research note on Thursday, August 15th. Finally, Stifel Nicolaus cut Hospitality Properties Trust from a buy rating to a hold rating and cut their price target for the company from $28.00 to $25.00 in a research note on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $28.33.
Shares of Hospitality Properties Trust stock opened at $25.34 on Friday. Hospitality Properties Trust has a 52-week low of $22.47 and a 52-week high of $29.17. The company has a 50 day moving average of $24.39 and a 200 day moving average of $25.44. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $4.20 billion, a P/E ratio of 6.87 and a beta of 0.98.
Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings results on Friday, August 9th. The real estate investment trust reported $1.03 EPS for the quarter, topping the consensus estimate of $1.01 by $0.02. Hospitality Properties Trust had a negative net margin of 9.12% and a negative return on equity of 7.74%. The company had revenue of $610.60 million during the quarter, compared to analysts’ expectations of $606.51 million. During the same quarter in the previous year, the business posted $0.59 EPS. The firm’s revenue was down .2% on a year-over-year basis. As a group, research analysts anticipate that Hospitality Properties Trust will post 3.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 29th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend was Friday, July 26th. Hospitality Properties Trust’s dividend payout ratio (DPR) is 58.54%.
A number of institutional investors have recently made changes to their positions in HPT. Mackenzie Financial Corp raised its holdings in Hospitality Properties Trust by 6.4% in the 2nd quarter. Mackenzie Financial Corp now owns 445,032 shares of the real estate investment trust’s stock valued at $11,126,000 after acquiring an additional 26,905 shares during the last quarter. Royal Bank of Canada lifted its position in Hospitality Properties Trust by 34.7% during the second quarter. Royal Bank of Canada now owns 369,083 shares of the real estate investment trust’s stock worth $9,226,000 after buying an additional 95,124 shares during the period. UBS Group AG lifted its position in Hospitality Properties Trust by 12.9% during the second quarter. UBS Group AG now owns 391,944 shares of the real estate investment trust’s stock worth $9,798,000 after buying an additional 44,859 shares during the period. Uniplan Investment Counsel Inc. boosted its stake in Hospitality Properties Trust by 0.8% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 1,150,210 shares of the real estate investment trust’s stock worth $28,754,000 after buying an additional 8,939 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Hospitality Properties Trust in the 2nd quarter worth about $351,000. Institutional investors own 74.79% of the company’s stock.
Hospitality Properties Trust Company Profile
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, the District of Columbia, 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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