Hospitality Properties Trust (HPT) Declares Quarterly Dividend of $0.48
Hospitality Properties Trust (NYSE:HPT) announced a quarterly dividend on Thursday, October 10th, Stock Ratings Network reports. Investors of record on Friday, October 25th will be paid a dividend of $0.48 per share on Friday, November 22nd. This represents a $1.92 annualized dividend and a dividend yield of 7.02%.
HPT has been the subject of a number of recent research reports. Analysts at Robert W. Baird downgraded shares of Hospitality Properties Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They noted that the move was a valuation call. Analysts at Craig Hallum downgraded shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 12th. They now have a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.40.
Hospitality Properties Trust (NYSE:HPT) opened at 27.36 on Thursday. Hospitality Properties Trust has a 52-week low of $21.13 and a 52-week high of $32.64. The stock’s 50-day moving average is $27.68 and its 200-day moving average is $28.07. The company has a market cap of $3.823 billion and a P/E ratio of 33.49.
Hospitality Properties Trust (NYSE:HPT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.02. The company had revenue of $412.32 million for the quarter, compared to the consensus estimate of $390.04 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, analysts predict that Hospitality Properties Trust will post $2.98 earnings per share for the current fiscal year.
Hospitality Properties Trust (NYSE:HPT) is a real estate investment trust (REIT).
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