Hospitality Properties Trust (HPT) to Issue Quarterly Dividend of $0.52

Hospitality Properties Trust (NASDAQ:HPT) declared a quarterly dividend on Friday, January 19th, RTT News reports. Investors of record on Monday, January 29th will be given a dividend of 0.52 per share by the real estate investment trust on Thursday, February 22nd. This represents a $2.08 annualized dividend and a dividend yield of 7.23%.

Shares of Hospitality Properties Trust (HPT) traded down $0.76 on Friday, reaching $28.77. The company’s stock had a trading volume of 509,300 shares, compared to its average volume of 594,642. The stock has a market capitalization of $4,730.00, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.56 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.42 and a current ratio of 0.42. Hospitality Properties Trust has a 1-year low of $26.64 and a 1-year high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.03. The business had revenue of $577.60 million during the quarter, compared to analyst estimates of $581.67 million. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. Hospitality Properties Trust’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. equities research analysts anticipate that Hospitality Properties Trust will post 3.57 EPS for the current year.

HPT has been the subject of several research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $31.00 target price on shares of Hospitality Properties Trust in a research note on Wednesday, January 3rd. BidaskClub raised Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. B. Riley reaffirmed a “buy” rating on shares of Hospitality Properties Trust in a research note on Wednesday, November 1st. Zacks Investment Research raised Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Wednesday, October 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.29.

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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.

Dividend History for Hospitality Properties Trust (NASDAQ:HPT)

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