Hospitality Properties Trust (HPT) Given Consensus Recommendation of “Hold” by Brokerages
Hospitality Properties Trust (NASDAQ:HPT) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $31.80.
A number of brokerages have recently commented on HPT. BidaskClub lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Canaccord Genuity reissued a “hold” rating and set a $30.00 price target (down from $32.00) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price target (down from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. FBR & Co reissued a “buy” rating and set a $33.00 price target (down from $35.00) on shares of Hospitality Properties Trust in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
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Hospitality Properties Trust (NASDAQ:HPT) opened at 28.91 on Wednesday. The firm has a market capitalization of $4.75 billion, a PE ratio of 24.56 and a beta of 1.04. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68. The firm has a 50-day moving average of $27.90 and a 200 day moving average of $29.38.
Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). The company had revenue of $570.60 million during the quarter, compared to the consensus estimate of $557.61 million. Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Analysts predict that Hospitality Properties Trust will post $1.07 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Hospitality Properties Trust during the second quarter valued at $423,000. Koch Industries Inc. acquired a new position in Hospitality Properties Trust during the second quarter worth about $386,000. Ameritas Investment Partners Inc. grew its holdings in Hospitality Properties Trust by 1.1% during the second 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 during the period. M&R Capital Management Inc. grew its holdings in Hospitality Properties Trust by 6.8% during the second 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 during the period. Finally, IHT Wealth Management LLC grew its holdings in Hospitality Properties Trust by 27.0% during the second 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 during the period. 76.26% of the stock is currently owned by institutional investors.
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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