Hospitality Properties Trust (HPT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hospitality Properties Trust (NASDAQ:HPT) have received an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $30.00.

HPT has been the topic of several research reports. Zacks Investment Research downgraded Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. BidaskClub downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. Finally, ValuEngine downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd.

Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Hospitality Properties Trust by 3.0% in the 3rd quarter. BlackRock Inc. now owns 19,610,773 shares of the real estate investment trust’s stock worth $565,576,000 after purchasing an additional 562,797 shares in the last quarter. Northern Trust Corp boosted its position in shares of Hospitality Properties Trust by 5.9% in the 2nd quarter. Northern Trust Corp now owns 2,827,673 shares of the real estate investment trust’s stock worth $80,900,000 after purchasing an additional 157,480 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hospitality Properties Trust by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,599,147 shares of the real estate investment trust’s stock worth $74,958,000 after purchasing an additional 17,172 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Hospitality Properties Trust by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,406,000 shares of the real estate investment trust’s stock worth $40,226,000 after purchasing an additional 24,900 shares in the last quarter. Finally, Community Bank of Raymore lifted its position in Hospitality Properties Trust by 1.8% during the 3rd quarter. Community Bank of Raymore now owns 1,329,203 shares of the real estate investment trust’s stock worth $38,334,000 after acquiring an additional 23,280 shares during the period. Institutional investors and hedge funds own 74.28% of the company’s stock.

Shares of HPT stock traded down $0.12 on Friday, reaching $25.93. 592,500 shares of the company’s stock were exchanged, compared to its average volume of 704,513. Hospitality Properties Trust has a 52 week low of $22.47 and a 52 week high of $29.77. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market capitalization of $4.21 billion, a P/E ratio of 7.26, a P/E/G ratio of 1.32 and a beta of 1.01.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $1.06 EPS for the quarter, topping the 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% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. As a group, sell-side analysts forecast that Hospitality Properties Trust will post 4.01 EPS for the current year.

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: Discover Your Risk Tolerance

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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.

Leave a Reply