Hospitality Properties Trust (HPT) to Issue Quarterly Dividend of $0.52
Hospitality Properties Trust (NASDAQ:HPT) declared a quarterly dividend on Thursday, October 12th, RTT News reports. Shareholders of record on Monday, October 23rd will be paid a dividend of 0.52 per share by the real estate investment trust on Thursday, November 16th. This represents a $2.08 dividend on an annualized basis and a yield of 7.08%.
Shares of Hospitality Properties Trust (HPT) traded up 1.00% on Thursday, reaching $29.36. 496,293 shares of the company’s stock were exchanged. Hospitality Properties Trust has a one year low of $26.06 and a one year high of $32.68. The firm has a market cap of $4.82 billion, a PE ratio of 24.94 and a beta of 1.04. The company has a 50 day moving average price of $27.95 and a 200 day moving average price of $29.38.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $570.60 million during the quarter, compared to the consensus estimate of $557.61 million. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that Hospitality Properties Trust will post $1.07 EPS for the current fiscal year.
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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