Hospitality Properties Trust (HPT) to Release Earnings on Wednesday
Hospitality Properties Trust (NASDAQ:HPT) is set to release its earnings data before the market opens on Wednesday, November 8th. Analysts expect Hospitality Properties Trust to post earnings of $0.38 per share for the quarter.
Hospitality Properties Trust (NASDAQ:HPT) last announced 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 Thomson Reuters’ consensus estimate of $1.09 by ($0.03). The business had revenue of $570.60 million during the quarter, compared to analyst estimates of $557.61 million. Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. On average, analysts expect Hospitality Properties Trust to post $3.55 EPS for the current fiscal year and $3.81 EPS for the next fiscal year.
Hospitality Properties Trust (HPT) opened at 28.58 on Wednesday. The firm has a market cap of $4.70 billion, a PE ratio of 24.28 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 stock has a 50 day moving average of $28.49 and a 200 day moving average of $29.06.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.52 per share. The ex-dividend date is Friday, October 20th. This represents a $2.08 dividend on an annualized basis and a yield of 7.28%. Hospitality Properties Trust’s payout ratio is presently 176.27%.
A number of research analysts have issued reports on HPT shares. BidaskClub downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price target (down from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Robert W. Baird set a $30.00 price target on Hospitality Properties Trust and gave the company a “hold” rating in a research note on Tuesday, October 17th. Finally, FBR & Co reaffirmed 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Hospitality Properties Trust has a consensus rating of “Hold” and a consensus target price of $32.17.
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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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