Hospitality Properties Trust (HPT) Set to Announce Quarterly Earnings on Monday
Hospitality Properties Trust (NYSE:HPT) is scheduled to be issuing its Q114 quarterly earnings data on Monday, August 11th. Analysts expect the company to announce earnings of $0.85 per share and revenue of $431.23 million for the quarter.
Shares of Hospitality Properties Trust (NYSE:HPT) opened at 27.99 on Friday. Hospitality Properties Trust has a 52 week low of $24.66 and a 52 week high of $31.00. The stock’s 50-day moving average is $29.84 and its 200-day moving average is $28.57. The company has a market cap of $4.191 billion and a price-to-earnings ratio of 35.39. Hospitality Properties Trust also saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,899,374 shares, an increase of 118.5% from the June 30th total of 1,327,243 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 548,851 shares, the days-to-cover ratio is currently 5.3 days.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Friday, July 25th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 7.00%. The ex-dividend date is Wednesday, July 23rd.
On the ratings front, analysts at Robert W. Baird raised their price target on shares of Hospitality Properties Trust from $30.00 to $32.00 in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $30.25.
Hospitality Properties Trust (NYSE:HPT) is a real estate investment trust (REIT).
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