Hospitality Properties Trust (HPT) Announces Quarterly Earnings, Beats Expectations By $0.02 EPS
Hospitality Properties Trust (NYSE:HPT) announced its earnings results on Monday. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02, Analyst Ratings News reports. The company had revenue of $48.75 million for the quarter, compared to the consensus estimate of $431.23 million.
Shares of Hospitality Properties Trust (NYSE:HPT) opened at 28.20 on Monday. 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 $29.80 and its 200-day moving average is $28.57. The company has a market cap of $4.223 billion and a P/E ratio of 35.52.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Stockholders of record on Friday, July 25th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 6.95%. 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.25.
Hospitality Properties Trust (NYSE:HPT) is a real estate investment trust (REIT).
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