Hospitality Properties Trust (NASDAQ:HPT) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Monday.

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 analysts have also issued research reports about the company. Stifel Nicolaus reissued a “buy” rating and issued a $33.00 target price (down previously from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. FBR & Co restated a “buy” rating and issued a $33.00 price target (down from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. BidaskClub upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Canaccord Genuity restated a “hold” rating and issued a $30.00 price target (down from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Finally, Robert W. Baird set a $30.00 price target on Hospitality Properties Trust and gave the stock a “hold” rating in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $32.17.

Shares of Hospitality Properties Trust (NASDAQ:HPT) traded down 1.34% on Monday, hitting $28.00. The stock had a trading volume of 524,193 shares. Hospitality Properties Trust has a 12 month low of $26.06 and a 12 month high of $32.68. The stock has a 50 day moving average of $28.36 and a 200-day moving average of $29.21. The stock has a market cap of $4.60 billion, a PE ratio of 23.79 and a beta of 1.04.

Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.03). The business had revenue of $570.60 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. Equities research analysts anticipate that Hospitality Properties Trust will post $1.07 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in HPT. Uniplan Investment Counsel Inc. boosted its stake in shares of Hospitality Properties Trust by 102.4% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 4,551,916 shares of the real estate investment trust’s stock worth $67,553,000 after buying an additional 2,302,654 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Hospitality Properties Trust in the 2nd quarter worth $386,000. Numeric Investors LLC purchased a new position in shares of Hospitality Properties Trust in the 2nd quarter worth $6,637,000. Thrivent Financial For Lutherans boosted its stake in shares of Hospitality Properties Trust by 245.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 290,199 shares of the real estate investment trust’s stock worth $8,459,000 after buying an additional 206,210 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Hospitality Properties Trust by 6.5% in the 2nd quarter. Northern Trust Corp now owns 3,116,831 shares of the real estate investment trust’s stock worth $90,855,000 after buying an additional 189,013 shares during the last quarter. 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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