Equities analysts expect that Hospitality Properties Trust (NASDAQ:HPT) will report $571.31 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Hospitality Properties Trust’s earnings. The highest sales estimate is $583.77 million and the lowest is $549.45 million. Hospitality Properties Trust reported sales of $543.52 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The company is scheduled to announce its next earnings report on Wednesday, November 8th.

On average, analysts expect that Hospitality Properties Trust will report full-year sales of $571.31 million for the current financial year, with estimates ranging from $2.09 billion to $2.16 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.22 billion per share, with estimates ranging from $2.10 billion to $2.28 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hospitality Properties Trust.

Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by $0.03. The company had revenue of $570.60 million for the quarter, compared to analyst estimates of $557.61 million. Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share.

A number of equities analysts have commented on the stock. BidaskClub cut shares of Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Canaccord Genuity reaffirmed a “hold” rating and issued a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. FBR & Co reissued a “buy” rating and set a $33.00 price target (down previously from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price target (down previously from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Finally, Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Hospitality Properties Trust has a consensus rating of “Hold” and an average price target of $32.86.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Hospitality Properties Trust in the 2nd quarter worth about $423,000. Koch Industries Inc. bought a new position in shares of Hospitality Properties Trust in the 2nd quarter worth about $386,000. Ameritas Investment Partners Inc. increased its stake in shares of Hospitality Properties Trust by 1.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 68,957 shares of the real estate investment trust’s stock worth $2,010,000 after acquiring an additional 733 shares in the last quarter. M&R Capital Management Inc. increased its stake in shares of Hospitality Properties Trust by 6.8% in the 2nd quarter. M&R Capital Management Inc. now owns 13,328 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 845 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of Hospitality Properties Trust by 27.0% in the 2nd quarter. IHT Wealth Management LLC now owns 2,350 shares of the real estate investment trust’s stock worth $332,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 76.41% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/09/09/571-31-million-in-sales-expected-for-hospitality-properties-trust-hpt-this-quarter.html.

Shares of Hospitality Properties Trust (HPT) traded up 1.55% during mid-day trading on Friday, hitting $27.49. The stock had a trading volume of 548,679 shares. The firm has a 50 day moving average of $27.79 and a 200 day moving average of $29.85. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 23.36 and a beta of 1.02. Hospitality Properties Trust has a one year low of $26.06 and a one year high of $32.68.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 24th were issued a $0.52 dividend. The ex-dividend date was Thursday, July 20th. This represents a $2.08 annualized dividend and a yield of 7.57%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 176.27%.

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.

Get a free copy of the Zacks research report on Hospitality Properties Trust (HPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.