Hospitality Properties Trust (HPT) Upgraded at Zacks Investment Research
Hospitality Properties Trust (NASDAQ:HPT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage currently has a $32.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.08% from the company’s current price.
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. “
Other research analysts have also issued research reports about the company. Canaccord Genuity reiterated a “hold” rating and set a $30.00 price target (down previously from $32.00) on shares of Hospitality Properties Trust in a report on Friday, August 11th. FBR & Co reiterated a “buy” rating and set a $33.00 price target (down previously from $35.00) on shares of Hospitality Properties Trust in a report on Thursday, August 10th. Robert W. Baird reiterated a “neutral” rating and set a $32.00 price target (up previously from $31.00) on shares of Hospitality Properties Trust in a report on Friday, June 16th. BidaskClub lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price target (down previously from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.29.
Hospitality Properties Trust (NASDAQ HPT) traded up 0.55% on Wednesday, reaching $29.07. 436,508 shares of the company’s stock were exchanged. The firm has a market cap of $4.78 billion, a PE ratio of 24.70 and a beta of 1.04. The firm has a 50 day moving average price of $27.95 and a 200 day moving average price of $29.38. Hospitality Properties Trust has a one year low of $26.06 and a one year high of $32.68.
Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 EPS for the quarter, missing the consensus estimate 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 company had revenue of $570.60 million for the quarter, compared to analysts’ expectations of $557.61 million. During the same quarter in the prior year, the firm earned $1.09 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. On average, equities analysts anticipate that Hospitality Properties Trust will post $1.07 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of HPT. Ffcm LLC raised 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 raised 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. raised 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 raised its holdings in Hospitality Properties Trust by 8.4% in the 2nd quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 527 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in Hospitality Properties Trust in the 2nd quarter valued at about $208,000. Hedge funds and other institutional investors own 76.26% 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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