Hospitality Properties Trust (HPT) Expected to Announce Quarterly Sales of $536.74 Million

Analysts forecast that Hospitality Properties Trust (NASDAQ:HPT) will post sales of $536.74 million for the current quarter, Zacks reports. Four analysts have issued estimates for Hospitality Properties Trust’s earnings. The highest sales estimate is $544.58 million and the lowest is $528.31 million. Hospitality Properties Trust posted sales of $535.14 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.3%. The business is expected to report its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Hospitality Properties Trust will report full-year sales of $2.28 billion for the current financial year, with estimates ranging from $2.27 billion to $2.29 billion. For the next financial year, analysts anticipate that the business will post sales of $2.29 billion, with estimates ranging from $2.24 billion to $2.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Hospitality Properties Trust.

Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The business had revenue of $603.20 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 earnings per share.

A number of equities analysts have issued reports on the company. BidaskClub upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Zacks Investment Research cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. B. Riley raised their target price on Hospitality Properties Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Finally, ValuEngine raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Laurion Capital Management LP purchased a new stake in shares of Hospitality Properties Trust in the second quarter worth about $353,000. Envestnet Asset Management Inc. increased its holdings in shares of Hospitality Properties Trust by 2,208.4% in the second 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 during the last quarter. Global X Management Co LLC increased its holdings in shares of Hospitality Properties Trust by 4.4% in the second 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 during the last quarter. Capital Management Corp VA grew its position in Hospitality Properties Trust by 4.8% in the third quarter. Capital Management Corp VA now owns 304,049 shares of the real estate investment trust’s stock worth $8,769,000 after acquiring an additional 14,060 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Hospitality Properties Trust in the second quarter worth approximately $1,269,000. 74.32% of the stock is owned by hedge funds and other institutional investors.

HPT stock traded up $0.57 during midday trading on Monday, hitting $26.64. The company had a trading volume of 862,901 shares, compared to its average volume of 738,775. 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 company has a market capitalization of $4.29 billion, a P/E ratio of 7.46, a PEG ratio of 1.30 and a beta of 0.97.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, October 29th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date was Friday, October 26th. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 59.38%.

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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