Hospitality Properties Trust (NASDAQ:HPT) – Research analysts at B. Riley lowered their FY2017 EPS estimates for shares of Hospitality Properties Trust in a report released on Monday. B. Riley analyst B. Maher now forecasts that the real estate investment trust will post earnings per share of $3.51 for the year, down from their previous estimate of $3.62. B. Riley currently has a “Buy” rating and a $35.00 target price on the stock. B. Riley also issued estimates for Hospitality Properties Trust’s Q4 2017 earnings at $0.47 EPS, Q3 2018 earnings at $1.07 EPS, Q4 2018 earnings at $0.88 EPS and FY2020 earnings at $4.18 EPS.
Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.03. The firm had revenue of $577.60 million during the quarter, compared to the consensus estimate of $581.67 million. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share.
Hospitality Properties Trust (NASDAQ:HPT) opened at $28.93 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market capitalization of $4,789.13, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06. Hospitality Properties Trust has a 52 week low of $26.64 and a 52 week high of $32.68.
The company also recently disclosed a dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, January 29th will be paid a $0.52 dividend. This represents a dividend yield of 0.0178448867536033%. The ex-dividend date is Friday, January 26th. Hospitality Properties Trust’s dividend payout ratio is currently 148.57%.
Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in Hospitality Properties Trust by 0.3% during the 2nd quarter. State Street Corp now owns 7,515,303 shares of the real estate investment trust’s stock valued at $219,069,000 after purchasing an additional 20,879 shares during the period. Northern Trust Corp increased its position in Hospitality Properties Trust by 6.5% during the 2nd quarter. Northern Trust Corp now owns 3,116,831 shares of the real estate investment trust’s stock valued at $90,855,000 after purchasing an additional 189,013 shares during the period. Bank of New York Mellon Corp increased its position in Hospitality Properties Trust by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,509,670 shares of the real estate investment trust’s stock valued at $71,500,000 after purchasing an additional 79,198 shares during the period. Dimensional Fund Advisors LP increased its position in Hospitality Properties Trust by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,404,009 shares of the real estate investment trust’s stock valued at $68,491,000 after purchasing an additional 51,703 shares during the period. Finally, Prudential Financial Inc. increased its position in Hospitality Properties Trust by 16.2% during the 3rd quarter. Prudential Financial Inc. now owns 2,231,889 shares of the real estate investment trust’s stock valued at $63,587,000 after purchasing an additional 310,945 shares during the period. 75.64% of the stock is owned by institutional investors.
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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