Wall Street analysts expect that Hospitality Properties Trust (NASDAQ:HPT) will post sales of $528.13 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hospitality Properties Trust’s earnings, with the highest sales estimate coming in at $541.68 million and the lowest estimate coming in at $498.68 million. Hospitality Properties Trust posted sales of $535.14 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The firm is expected to report its next earnings report on Thursday, March 7th.
On average, analysts expect that Hospitality Properties Trust will report full year sales of $2.27 billion for the current year, with estimates ranging from $2.23 billion to $2.30 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.31 billion, with estimates ranging from $2.27 billion to $2.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hospitality Properties Trust.
Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. The company had revenue of $603.20 million for the quarter, compared to the consensus estimate of $601.94 million. Hospitality Properties Trust had a return on equity of 9.32% and a net margin of 14.31%. Hospitality Properties Trust’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share.
HPT has been the topic of several recent research reports. Zacks Investment Research downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. BidaskClub downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. B. Riley upped their price objective on Hospitality Properties Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.83.
HPT opened at $26.48 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 1.48. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 1.31 and a beta of 0.92. Hospitality Properties Trust has a one year low of $23.83 and a one year high of $31.27.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 29th will be paid a $0.53 dividend. The ex-dividend date is Friday, October 26th. This represents a $2.12 annualized dividend and a yield of 8.01%. Hospitality Properties Trust’s payout ratio is currently 59.38%.
A number of institutional investors have recently added to or reduced their stakes in HPT. Steward Partners Investment Advisory LLC increased its stake in Hospitality Properties Trust by 122.1% in the third quarter. Steward Partners Investment Advisory LLC now owns 4,136 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 2,274 shares during the last quarter. Girard Partners LTD. acquired a new position in Hospitality Properties Trust in the third quarter valued at $130,000. Qube Research & Technologies Ltd acquired a new position in Hospitality Properties Trust in the second quarter valued at $133,000. First Hawaiian Bank acquired a new position in Hospitality Properties Trust in the third quarter valued at $137,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Hospitality Properties Trust by 100.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,838 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 2,919 shares during the last quarter. Hedge funds and other institutional investors own 73.81% of the company’s stock.
About Hospitality Properties Trust
Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
See Also: What is a Swap?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hospitality Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hospitality Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.