Hospitality Properties Trust (HPT) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a strong sell rating to a sell rating in a research note released on Friday, March 29th, BidAskClub reports.

A number of other research firms have also weighed in on HPT. B. Riley reiterated a buy rating on shares of Hospitality Properties Trust in a research note on Friday, January 18th. Zacks Investment Research upgraded Hospitality Properties Trust from a hold rating to a buy rating and set a $29.00 price target on the stock in a research note on Thursday, January 17th. Finally, ValuEngine upgraded Hospitality Properties Trust from a sell rating to a hold rating in a research note on Thursday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $30.33.

NASDAQ HPT traded up $0.15 on Friday, hitting $26.35. The company’s stock had a trading volume of 470,869 shares, compared to its average volume of 628,867. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $4.33 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. Hospitality Properties Trust has a 1-year low of $22.47 and a 1-year high of $29.43.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, February 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Hospitality Properties Trust had a net margin of 8.09% and a return on equity of 5.90%. The firm had revenue of $550.80 million during the quarter, compared to analyst estimates of $538.02 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts predict that Hospitality Properties Trust will post 3.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 29th will be issued a dividend of $0.54 per share. This is an increase from Hospitality Properties Trust’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, April 26th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.20%. Hospitality Properties Trust’s payout ratio is 57.45%.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Hospitality Properties Trust by 2.4% in the fourth quarter. BlackRock Inc. now owns 20,085,751 shares of the real estate investment trust’s stock valued at $479,648,000 after buying an additional 474,978 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hospitality Properties Trust by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,617,866 shares of the real estate investment trust’s stock worth $62,515,000 after purchasing an additional 18,719 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Hospitality Properties Trust by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 2,429,333 shares of the real estate investment trust’s stock worth $58,012,000 after purchasing an additional 178,754 shares in the last quarter. Norges Bank purchased a new stake in shares of Hospitality Properties Trust during the fourth quarter worth approximately $57,252,000. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Hospitality Properties Trust by 2,288.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,555,209 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 1,490,083 shares in the last quarter. Institutional investors own 75.62% 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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