Hospitality Properties Trust PT Lowered to $29.00 (HPT)
Equities research analysts at MLV Capital reduced their price objective on shares of Hospitality Properties Trust (NYSE:HPT) from $30.00 to $29.00 in a research note issued to investors on Wednesday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. MLV Capital’s target price points to a potential upside of 9.97% from the stock’s previous close.
Hospitality Properties Trust (NYSE:HPT) traded up 0.61% during mid-day trading on Wednesday, hitting $26.53. The stock had a trading volume of 879,292 shares. Hospitality Properties Trust has a 1-year low of $23.75 and a 1-year high of $32.64. The stock has a 50-day moving average of $26.08 and a 200-day moving average of $27.41. The company has a market cap of $3.710 billion and a P/E ratio of 37.89.
Hospitality Properties Trust (NYSE:HPT) last released its earnings data on Tuesday, February 25th. The company reported $0.71 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.71. The company had revenue of $384.79 million for the quarter, compared to the consensus estimate of $380.93 million. Analysts expect that Hospitality Properties Trust will post $3.09 EPS for the current fiscal year.
Separately, analysts at TheStreet downgraded shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.20.
Hospitality Properties Trust (NYSE:HPT) is a real estate investment trust (REIT).
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