B. Riley Reaffirms Buy Rating for Hospitality Properties Trust (HPT)

Hospitality Properties Trust (NASDAQ:HPT)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a research report issued to clients and investors on Monday. They presently have a $35.00 price objective on the real estate investment trust’s stock. B. Riley’s target price suggests a potential upside of 20.98% from the stock’s current price.

A number of other brokerages have also commented on HPT. BidaskClub lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Hospitality Properties Trust from a “buy” rating to a “sell” rating in a report on Monday, October 23rd. Robert W. Baird set a $30.00 price objective on shares of Hospitality Properties Trust and gave the stock a “hold” rating in a report on Tuesday, October 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $31.00 price target on shares of Hospitality Properties Trust in a research note on Wednesday, January 3rd. Finally, Wells Fargo & Co lowered shares of Hospitality Properties Trust from a “market perform” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.75.

Shares of Hospitality Properties Trust (HPT) traded down $0.21 during trading hours on Monday, hitting $28.93. 718,258 shares of the company were exchanged, compared to its average volume of 600,421. Hospitality Properties Trust has a fifty-two week low of $26.64 and a fifty-two week high of $32.68. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $4,730.00, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06.

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

Hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC increased its stake in Hospitality Properties Trust by 27.0% in the 2nd quarter. IHT Wealth Management LLC now owns 2,350 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 500 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in Hospitality Properties Trust in the 3rd quarter valued at $108,000. Kemper Corp Master Retirement Trust increased its stake in Hospitality Properties Trust by 0.5% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 25 shares during the last quarter. Quantbot Technologies LP increased its stake in Hospitality Properties Trust by 8.4% in the 2nd quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 527 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in Hospitality Properties Trust in the 4th quarter valued at $207,000. Hedge funds and other institutional investors own 75.64% of the company’s stock.

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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.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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