Shares of Hospitality Properties Trust (NASDAQ:HPT) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $30.00.
Several equities research analysts have weighed in on HPT shares. ValuEngine cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Zacks Investment Research lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. B. Riley reaffirmed a “buy” rating and issued a $33.00 target price on shares of Hospitality Properties Trust in a research note on Tuesday, November 6th. Finally, BidaskClub raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd.
Institutional investors and hedge funds have recently modified their holdings of the stock. First Hawaiian Bank boosted its position in shares of Hospitality Properties Trust by 10.9% in the fourth quarter. First Hawaiian Bank now owns 5,271 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 520 shares during the period. State of Alaska Department of Revenue lifted its position in Hospitality Properties Trust by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 70,671 shares of the real estate investment trust’s stock worth $1,685,000 after purchasing an additional 1,297 shares during the period. Retirement Systems of Alabama lifted its position in Hospitality Properties Trust by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 213,208 shares of the real estate investment trust’s stock worth $5,091,000 after purchasing an additional 799 shares during the period. Kempner Capital Management Inc. lifted its position in Hospitality Properties Trust by 4.0% during the fourth quarter. Kempner Capital Management Inc. now owns 49,450 shares of the real estate investment trust’s stock worth $1,181,000 after purchasing an additional 1,920 shares during the period. Finally, Marshall Wace LLP bought a new stake in Hospitality Properties Trust during the third quarter worth about $434,000. Institutional investors and hedge funds own 74.28% of the company’s stock.
Shares of HPT traded down $0.12 during mid-day trading on Friday, hitting $25.93. 592,500 shares of the company’s stock were exchanged, compared to its average volume of 704,513. Hospitality Properties Trust has a twelve month low of $22.47 and a twelve month high of $29.77. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.48.
Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The firm had revenue of $603.20 million during the quarter, compared to the consensus estimate of $601.94 million. Hospitality Properties Trust had a net margin of 14.31% and a return on equity of 9.32%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. As a group, research analysts predict that Hospitality Properties Trust will post 4.01 earnings per share for the current fiscal year.
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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