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

B. Riley reiterated their buy rating on shares of Hospitality Properties Trust (NASDAQ:HPT) in a research note published on Tuesday morning. B. Riley currently has a $33.00 target price on the real estate investment trust’s stock. B. Riley also issued estimates for Hospitality Properties Trust’s Q4 2018 earnings at $0.93 EPS, FY2018 earnings at $4.01 EPS, Q4 2019 earnings at $0.93 EPS and FY2019 earnings at $4.01 EPS.

Several other research firms have also recently issued reports on HPT. BidaskClub cut Hospitality Properties Trust from a hold rating to a sell rating in a research note on Wednesday, September 12th. ValuEngine cut Hospitality Properties Trust from a hold rating to a sell rating in a research note on Thursday, October 4th. Finally, Zacks Investment Research cut Hospitality Properties Trust from a hold rating to a sell rating in a research note on Thursday, October 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Hospitality Properties Trust presently has a consensus rating of Hold and an average target price of $29.83.

Shares of NASDAQ:HPT traded down $0.28 on Tuesday, reaching $26.41. 6,540 shares of the company traded hands, compared to its average volume of 706,431. Hospitality Properties Trust has a 52 week low of $23.83 and a 52 week high of $31.27. The stock has a market capitalization of $4.24 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 1.48.

Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02. Hospitality Properties Trust had a return on equity of 9.32% and a net margin of 14.31%. The firm had revenue of $603.20 million for the quarter, compared to analysts’ expectations of $601.94 million. During the same period last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Hospitality Properties Trust will post 3.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, October 29th will be given a dividend of $0.53 per share. The ex-dividend date is Friday, October 26th. This represents a $2.12 annualized dividend and a yield of 8.03%. Hospitality Properties Trust’s payout ratio is 59.38%.

A number of institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of Hospitality Properties Trust by 122.1% during 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. Bank of Montreal Can lifted its holdings in shares of Hospitality Properties Trust by 19.6% during the third quarter. Bank of Montreal Can now owns 14,011 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 2,293 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Hospitality Properties Trust by 2.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 104,060 shares of the real estate investment trust’s stock valued at $3,001,000 after purchasing an additional 2,360 shares during the last quarter. Oakbrook Investments LLC lifted its holdings in shares of Hospitality Properties Trust by 34.1% during the third quarter. Oakbrook Investments LLC now owns 10,220 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Hospitality Properties Trust by 2.3% during the third quarter. Arizona State Retirement System now owns 116,707 shares of the real estate investment trust’s stock valued at $3,366,000 after purchasing an additional 2,603 shares during the last quarter. 73.81% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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