Hospitality Properties Trust (HPT) Upgraded at Zacks Investment Research
Hospitality Properties Trust (NASDAQ:HPT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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 brokerages also recently weighed in on HPT. JMP Securities restated a “market perform” rating on shares of Hospitality Properties Trust in a research report on Friday, April 7th. FBR & Co restated an “outperform” rating and set a $35.00 price objective (up previously from $33.00) on shares of Hospitality Properties Trust in a research report on Thursday, March 2nd. Finally, DA Davidson restated a “buy” rating on shares of Hospitality Properties Trust in a research report on Tuesday, March 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $33.42.
Hospitality Properties Trust (NASDAQ:HPT) traded down 0.24% during midday trading on Tuesday, reaching $28.89. 792,232 shares of the company’s stock traded hands. Hospitality Properties Trust has a 52-week low of $24.90 and a 52-week high of $32.68. The firm has a market cap of $4.75 billion, a PE ratio of 25.36 and a beta of 1.13. The firm’s 50-day moving average is $31.16 and its 200 day moving average is $30.79.
Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Wednesday, May 10th. The real estate investment trust reported $0.91 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.91. The company had revenue of $488.60 million for the quarter, compared to the consensus estimate of $482.04 million. Hospitality Properties Trust had a net margin of 6.90% and a return on equity of 5.38%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Equities research analysts expect that Hospitality Properties Trust will post $1.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Friday, April 21st were given a dividend of $0.52 per share. This is an increase from Hospitality Properties Trust’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a $2.08 dividend on an annualized basis and a yield of 7.20%. Hospitality Properties Trust’s dividend payout ratio is 258.23%.
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A number of hedge funds and other institutional investors have recently modified their holdings of HPT. Crow Point Partners boosted its stake in shares of Hospitality Properties Trust by 7.1% in the third quarter. Crow Point Partners now owns 3,020 shares of the real estate investment trust’s stock worth $77,000 after buying an additional 200 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in shares of Hospitality Properties Trust by 22.7% in the fourth quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 315,200 shares of the real estate investment trust’s stock worth $8,242,000 after buying an additional 58,400 shares in the last quarter. Naples Global Advisors LLC boosted its stake in shares of Hospitality Properties Trust by 1.7% in the fourth quarter. Naples Global Advisors LLC now owns 32,547 shares of the real estate investment trust’s stock worth $851,000 after buying an additional 550 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Hospitality Properties Trust during the fourth quarter worth approximately $7,990,000. Finally, Commonwealth Equity Services boosted its stake in shares of Hospitality Properties Trust by 8.5% in the fourth quarter. Commonwealth Equity Services now owns 39,642 shares of the real estate investment trust’s stock worth $1,037,000 after buying an additional 3,106 shares in the last quarter. Institutional investors own 76.57% of the company’s stock.
Hospitality Properties Trust Company Profile
Hospitality Properties Trust is a real estate investment trust. The Company’s segments include hotel investments, travel center investments and corporate. As of December 31, 2016, the Company owned 306 hotels with 46,583 rooms or suites, and 198 travel centers. As of December 31, 2016, the Company’s properties were located in 45 states in the United States, Canada and Puerto Rico.
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