Hospitality Properties Trust (NASDAQ:HPT) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a sell rating to a hold rating in a research note published on Saturday, BidAskClub reports.

HPT has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a buy rating to a hold rating in a research note on Thursday, August 15th. Stifel Nicolaus downgraded shares of Hospitality Properties Trust from a buy rating to a hold rating and dropped their target price for the stock from $28.00 to $25.00 in a research report on Monday, June 3rd. Finally, ValuEngine raised shares of Hospitality Properties Trust from a sell rating to a hold rating in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $28.33.

Shares of HPT opened at $25.34 on Friday. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 6.87 and a beta of 0.98. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average is $24.39 and its two-hundred day moving average is $25.44. Hospitality Properties Trust has a 52-week low of $22.47 and a 52-week high of $29.17.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Friday, August 9th. The real estate investment trust reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The business had revenue of $610.60 million during the quarter, compared to the consensus estimate of $606.51 million. Hospitality Properties Trust had a negative net margin of 9.12% and a negative return on equity of 7.74%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. On average, equities analysts expect that Hospitality Properties Trust will post 3.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 29th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend was Friday, July 26th. Hospitality Properties Trust’s dividend payout ratio is presently 58.54%.

A number of institutional investors and hedge funds have recently made changes to their positions in HPT. Mackenzie Financial Corp boosted its holdings in Hospitality Properties Trust by 6.4% in the second quarter. Mackenzie Financial Corp now owns 445,032 shares of the real estate investment trust’s stock worth $11,126,000 after purchasing an additional 26,905 shares during the period. Royal Bank of Canada raised its holdings in shares of Hospitality Properties Trust by 34.7% during the second quarter. Royal Bank of Canada now owns 369,083 shares of the real estate investment trust’s stock worth $9,226,000 after purchasing an additional 95,124 shares during the period. UBS Group AG raised its holdings in shares of Hospitality Properties Trust by 12.9% during the second quarter. UBS Group AG now owns 391,944 shares of the real estate investment trust’s stock worth $9,798,000 after purchasing an additional 44,859 shares during the period. Uniplan Investment Counsel Inc. raised its holdings in shares of Hospitality Properties Trust by 0.8% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,150,210 shares of the real estate investment trust’s stock worth $28,754,000 after purchasing an additional 8,939 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Hospitality Properties Trust in the 2nd quarter worth about $351,000. Hedge funds and other institutional investors own 74.79% 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, the District of Columbia, 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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