Hospitality Properties Trust (NASDAQ:HPT) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other research firms have also recently commented on HPT. DA Davidson initiated coverage on shares of Hospitality Properties Trust in a research note on Wednesday, March 22nd. They set a “buy” rating and a $35.00 target price for the company. JMP Securities reiterated a “market perform” rating on shares of Hospitality Properties Trust in a research note on Friday, April 7th. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd. Robert W. Baird reiterated a “neutral” rating and set a $32.00 target price (up from $31.00) on shares of Hospitality Properties Trust in a research note on Friday, June 16th. Finally, FBR & Co set a $35.00 target price on shares of Hospitality Properties Trust and gave the company a “buy” rating in a research note on Saturday, May 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Hospitality Properties Trust has an average rating of “Hold” and an average target price of $33.21.

Shares of Hospitality Properties Trust (HPT) traded down 1.42% on Friday, reaching $29.15. 671,110 shares of the company’s stock traded hands. The firm has a market capitalization of $4.79 billion, a P/E ratio of 25.59 and a beta of 1.01. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68. The company’s 50-day moving average is $29.47 and its 200-day moving average is $30.93.

Hospitality Properties Trust (NASDAQ:HPT) last released its earnings results on Wednesday, May 10th. The real estate investment trust reported $0.91 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.91. The firm had revenue of $488.60 million during the quarter, compared to analysts’ expectations of $482.04 million. Hospitality Properties Trust had a net margin of 10.10% and a return on equity of 7.54%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. Equities research analysts anticipate that Hospitality Properties Trust will post $1.43 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Hospitality Properties Trust (HPT) Downgraded by BidaskClub” was reported by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/07/01/hospitality-properties-trust-hpt-downgraded-by-bidaskclub.html.

A number of large investors have recently made changes to their positions in HPT. BlackRock Inc. raised its stake in shares of Hospitality Properties Trust by 5,144.8% in the first quarter. BlackRock Inc. now owns 16,690,904 shares of the real estate investment trust’s stock valued at $526,264,000 after buying an additional 16,372,668 shares during the period. Norges Bank acquired a new stake in shares of Hospitality Properties Trust during the fourth quarter valued at about $44,594,000. Vanguard Group Inc. raised its stake in shares of Hospitality Properties Trust by 3.3% in the first quarter. Vanguard Group Inc. now owns 29,114,517 shares of the real estate investment trust’s stock valued at $917,981,000 after buying an additional 935,494 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Hospitality Properties Trust during the fourth quarter valued at about $10,728,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Hospitality Properties Trust by 23.1% in the first quarter. Ameriprise Financial Inc. now owns 961,755 shares of the real estate investment trust’s stock valued at $30,325,000 after buying an additional 180,570 shares during the period. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

About Hospitality Properties Trust

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.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

Receive News & Ratings for Hospitality Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hospitality Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.