Hospitality Properties Trust (HPT) Receives $30.29 Average Target Price from Analysts

Hospitality Properties Trust (NASDAQ:HPT) has been given a consensus recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $29.80.

Several analysts have recently issued reports on the stock. TheStreet raised shares of Hospitality Properties Trust from a “c+” rating to a “b-” rating in a research note on Friday, May 25th. B. Riley set a $32.00 price target on shares of Hospitality Properties Trust and gave the stock a “buy” rating in a research report on Thursday, May 10th. Zacks Investment Research raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Thursday, May 10th. BidaskClub raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. Finally, ValuEngine raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th.

Hospitality Properties Trust traded up $0.08, hitting $27.97, during trading on Tuesday, according to Marketbeat.com. The company’s stock had a trading volume of 446,870 shares, compared to its average volume of 551,602. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.44 and a current ratio of 0.41. The company has a market capitalization of $4.58 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. Hospitality Properties Trust has a twelve month low of $23.83 and a twelve month high of $31.27.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings results on Thursday, August 9th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.48). The business had revenue of $612.00 million during the quarter, compared to analyst estimates of $601.86 million. Hospitality Properties Trust had a net margin of 13.08% and a return on equity of 8.19%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. equities research analysts forecast that Hospitality Properties Trust will post 3.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Monday, July 30th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, July 27th. This represents a $2.12 annualized dividend and a yield of 7.58%. Hospitality Properties Trust’s dividend payout ratio (DPR) is 59.38%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Trail Advisors LLC boosted its holdings in Hospitality Properties Trust by 2,722.9% during the first quarter. Summit Trail Advisors LLC now owns 114,978 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 110,905 shares in the last quarter. Hartford Investment Management Co. purchased a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at approximately $202,000. Element Capital Management LLC purchased a new stake in shares of Hospitality Properties Trust in the 1st quarter valued at approximately $206,000. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at approximately $214,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at approximately $218,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.

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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