Hospitality Properties Trust (HPT) Receives Average Recommendation of “Hold” from Analysts
Hospitality Properties Trust (NASDAQ:HPT) has been given an average recommendation of “Hold” by the nine analysts that are covering the firm, MarketBeat Ratings reports. 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. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.80.
A number of equities analysts recently commented on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $30.00 price target (down from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 target price (down from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. FBR & Co reissued a “buy” rating and issued a $33.00 target price (down from $35.00) on shares of Hospitality Properties Trust in a report on Thursday, August 10th. BidaskClub raised shares of Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
Shares of Hospitality Properties Trust (HPT) opened at 28.43 on Friday. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 24.15 and a beta of 1.02. The company has a 50-day moving average price of $27.73 and a 200-day moving average price of $29.71. Hospitality Properties Trust has a 1-year low of $26.06 and a 1-year high of $32.68.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The business had revenue of $570.60 million for the quarter, compared to the consensus estimate of $557.61 million. During the same period in the prior year, the business posted $1.09 earnings per share. Hospitality Properties Trust’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that Hospitality Properties Trust will post $1.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 24th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 7.32%. The ex-dividend date of this dividend was Thursday, July 20th. Hospitality Properties Trust’s dividend payout ratio is currently 176.27%.
A number of hedge funds have recently added to or reduced their stakes in HPT. Ffcm LLC increased its holdings in Hospitality Properties Trust by 221.1% in the 2nd quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 2,640 shares during the period. Kemper Corp Master Retirement Trust increased its holdings in Hospitality Properties Trust by 0.5% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 25 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Hospitality Properties Trust by 117.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 2,700 shares during the period. Quantbot Technologies LP bought a new position in Hospitality Properties Trust in the 1st quarter valued at about $198,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at approximately $208,000. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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