Analysts forecast that Hospitality Properties Trust (NASDAQ:HPT) will announce sales of $574.20 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Hospitality Properties Trust’s earnings, with the highest sales estimate coming in at $583.77 million and the lowest estimate coming in at $549.44 million. Hospitality Properties Trust posted sales of $543.52 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The firm is expected to issue its next earnings report before the market opens on Wednesday, November 8th.

On average, analysts expect that Hospitality Properties Trust will report full year sales of $574.20 million for the current financial year, with estimates ranging from $2.09 billion to $2.16 billion. For the next financial year, analysts expect that the firm will report sales of $2.23 billion per share, with estimates ranging from $2.10 billion to $2.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Hospitality Properties Trust.

Hospitality Properties Trust (NASDAQ:HPT) last released its earnings results 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). The company had revenue of $570.60 million during the quarter, compared to analyst estimates of $557.61 million. Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS.

HPT has been the topic of a number of analyst reports. BidaskClub upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. 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. 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, Stifel Nicolaus restated 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Hospitality Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $32.17.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its position in Hospitality Properties Trust by 0.3% during the second quarter. State Street Corp now owns 7,515,303 shares of the real estate investment trust’s stock worth $219,069,000 after purchasing an additional 20,879 shares in the last quarter. Uniplan Investment Counsel Inc. boosted its position in Hospitality Properties Trust by 102.4% during the second quarter. Uniplan Investment Counsel Inc. now owns 4,551,916 shares of the real estate investment trust’s stock worth $67,553,000 after purchasing an additional 2,302,654 shares in the last quarter. Northern Trust Corp boosted its position in Hospitality Properties Trust by 6.5% during the second quarter. Northern Trust Corp now owns 3,116,831 shares of the real estate investment trust’s stock worth $90,855,000 after purchasing an additional 189,013 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Hospitality Properties Trust by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 2,430,472 shares of the real estate investment trust’s stock worth $70,848,000 after purchasing an additional 13,279 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Hospitality Properties Trust by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,352,306 shares of the real estate investment trust’s stock worth $68,572,000 after purchasing an additional 39,405 shares in the last quarter. Institutional investors own 76.17% of the company’s stock.

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Shares of Hospitality Properties Trust (NASDAQ HPT) opened at $28.73 on Friday. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 1.62 and a beta of 1.05. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.38.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be paid a $0.52 dividend. The ex-dividend date is Friday, October 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.24%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 176.27%.

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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