Hospitality Properties Trust (HPT) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a sell rating to a hold rating in a report issued on Friday morning.

A number of other equities analysts have also issued reports on HPT. B. Riley raised their price target on Hospitality Properties Trust from $32.00 to $33.00 and gave the stock a buy rating in a report on Monday, August 13th. Zacks Investment Research raised Hospitality Properties Trust from a hold rating to a buy rating and set a $30.00 price target on the stock in a report on Tuesday, November 13th. Finally, ValuEngine raised Hospitality Properties Trust from a sell rating to a hold rating in a report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $30.00.

NASDAQ HPT opened at $26.14 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.45 and a current ratio of 0.45. Hospitality Properties Trust has a 52-week low of $23.83 and a 52-week high of $31.27. The stock has a market cap of $4.32 billion, a P/E ratio of 7.32, a P/E/G ratio of 1.32 and a beta of 0.92.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $601.94 million. During the same quarter last year, the company posted $0.52 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Analysts predict that Hospitality Properties Trust will post 3.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, October 29th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 8.11%. The ex-dividend date of this dividend was Friday, October 26th. Hospitality Properties Trust’s dividend payout ratio is presently 59.38%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Laurion Capital Management LP purchased a new stake in Hospitality Properties Trust in the 2nd quarter valued at approximately $353,000. Envestnet Asset Management Inc. boosted its holdings in Hospitality Properties Trust by 2,208.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,132 shares of the real estate investment trust’s stock valued at $834,000 after purchasing an additional 27,870 shares in the last quarter. Global X Management Co LLC boosted its holdings in Hospitality Properties Trust by 4.4% in the 2nd quarter. Global X Management Co LLC now owns 455,854 shares of the real estate investment trust’s stock valued at $13,042,000 after purchasing an additional 19,139 shares in the last quarter. Capital Management Corp VA boosted its holdings in Hospitality Properties Trust by 4.8% in the 3rd quarter. Capital Management Corp VA now owns 304,049 shares of the real estate investment trust’s stock valued at $8,769,000 after purchasing an additional 14,060 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Hospitality Properties Trust in the 2nd quarter valued at approximately $1,269,000. 74.45% of the stock is currently owned by institutional investors.

Hospitality Properties Trust Company Profile

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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