Hospitality Properties Trust (HPT) Lowered to Strong Sell at Zacks Investment Research
Hospitality Properties Trust (NYSE:HPT) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “Hospitality Properties Trust is a real estate investment trust. The company owns and leases hotels to unaffiliated hotel operators. The company’s principal strategy is to expand its investments in hotels and to set minimum rents which produce income in excess of the company’s cost of raising capital. The company seeks to provide capital to unaffiliated hotel operators who wish to divest their properties while remaining in the hotel business as tenants and in doing so, ensure stability of cash flow through dependable and diversified revenue sources. “
A number of other research analysts have also recently issued reports on the company. Canaccord Genuity reiterated a “hold” rating and set a $33.00 price objective on shares of Hospitality Properties Trust in a research note on Tuesday, August 16th. FBR & Co cut Hospitality Properties Trust from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $31.00 to $32.00 in a research note on Wednesday, August 10th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Hospitality Properties Trust has an average rating of “Hold” and an average price target of $29.50.
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Hospitality Properties Trust (NYSE:HPT) traded down 0.94% during trading on Tuesday, hitting $28.51. The company had a trading volume of 511,859 shares. Hospitality Properties Trust has a 1-year low of $20.69 and a 1-year high of $32.32. The company’s 50 day moving average price is $29.55 and its 200-day moving average price is $28.38. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 33.42 and a beta of 1.11.
Hospitality Properties Trust (NYSE:HPT) last released its earnings results on Tuesday, August 9th. The real estate investment trust reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.04. The firm earned $550.30 million during the quarter, compared to analysts’ expectations of $544 million. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.99 EPS. On average, analysts expect that Hospitality Properties Trust will post $3.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Friday, October 21st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 7.16%. Hospitality Properties Trust’s dividend payout ratio is currently 196.16%.
Several hedge funds and other institutional investors have recently bought and sold shares of HPT. Independent Portfolio Consultants Inc. boosted its position in Hospitality Properties Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,240 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 15 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Hospitality Properties Trust by 1.9% in the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 100 shares in the last quarter. Naples Global Advisors LLC boosted its position in Hospitality Properties Trust by 0.3% in the third quarter. Naples Global Advisors LLC now owns 33,147 shares of the real estate investment trust’s stock valued at $985,000 after buying an additional 100 shares in the last quarter. NEXT Financial Group Inc boosted its position in Hospitality Properties Trust by 2.1% in the second quarter. NEXT Financial Group Inc now owns 5,481 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 113 shares in the last quarter. Finally, National Planning Corp boosted its position in Hospitality Properties Trust by 1.3% in the second quarter. National Planning Corp now owns 16,082 shares of the real estate investment trust’s stock valued at $510,000 after buying an additional 199 shares in the last quarter.
Hospitality Properties Trust Company Profile
Hospitality Properties Trust is a real estate investment trust. The Company owns approximately 300 hotels with over 45,860 rooms or suites, and approximately 190 travel centers. The Company’s segments include hotel investments, travel center investments and corporate. The Company’s properties are located in approximately 50 states in the United States, Canada and Puerto Rico.
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