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

Hospitality Properties Trust (NASDAQ:HPT) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

HPT has been the subject of a number of other research reports. Stifel Nicolaus lowered shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $25.00 in a research note on Monday, June 3rd. Zacks Investment Research raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.33.

Hospitality Properties Trust stock traded down $0.14 during midday trading on Thursday, reaching $24.29. The stock had a trading volume of 656,860 shares, compared to its average volume of 774,167. The firm has a fifty day moving average of $24.85. Hospitality Properties Trust has a twelve month low of $22.47 and a twelve month high of $29.43. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 6.58 and a beta of 0.98.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Hospitality Properties Trust had a negative net margin of 5.25% and a negative return on equity of 4.42%. The firm had revenue of $524.90 million during the quarter, compared to analyst estimates of $529.66 million. During the same quarter last year, the business posted $0.94 EPS. The company’s revenue was down .7% on a year-over-year basis. As a group, research analysts predict that Hospitality Properties Trust will post 3.66 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the business. Clean Yield Group acquired a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at $25,000. AdvisorNet Financial Inc lifted its stake in shares of Hospitality Properties Trust by 50.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,078 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 700 shares during the last quarter. Pennsylvania Trust Co acquired a new stake in shares of Hospitality Properties Trust in the 1st quarter valued at $442,000. NEXT Financial Group Inc lifted its stake in shares of Hospitality Properties Trust by 239.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,173 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,532 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at $80,000. 74.26% of the stock is owned by institutional investors.

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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