Hospitality Properties Trust (NASDAQ:HPT) Downgraded by ValuEngine to Sell

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

A number of other equities research analysts have also issued reports on HPT. BidaskClub upgraded Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Thursday. Stifel Nicolaus lowered Hospitality Properties Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $28.00 to $25.00 in a research report on Monday, June 3rd. Finally, Zacks Investment Research upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Hospitality Properties Trust has a consensus rating of “Hold” and a consensus price target of $28.33.

NASDAQ:HPT traded down $0.14 during trading hours on Thursday, hitting $24.29. 656,860 shares of the stock were exchanged, compared to its average volume of 871,775. Hospitality Properties Trust has a 52-week low of $22.47 and a 52-week high of $29.43. The business’s fifty day simple moving average is $24.85. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.51. The firm has a market cap of $4.02 billion, a P/E 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 the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The company had revenue of $524.90 million during the quarter, compared to analyst estimates of $529.66 million. Hospitality Properties Trust had a negative return on equity of 4.42% and a negative net margin of 5.25%. Hospitality Properties Trust’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. As a group, sell-side analysts expect that Hospitality Properties Trust will post 3.66 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in Hospitality Properties Trust in the fourth quarter valued at approximately $57,252,000. Aperio Group LLC lifted its stake in Hospitality Properties Trust by 73.3% during the second quarter. Aperio Group LLC now owns 1,188,986 shares of the real estate investment trust’s stock worth $29,725,000 after purchasing an additional 502,722 shares in the last quarter. PGGM Investments lifted its stake in Hospitality Properties Trust by 643.1% during the first quarter. PGGM Investments now owns 567,522 shares of the real estate investment trust’s stock worth $14,932,000 after purchasing an additional 491,151 shares in the last quarter. Capital Management Corp VA lifted its stake in Hospitality Properties Trust by 104.3% during the first quarter. Capital Management Corp VA now owns 492,984 shares of the real estate investment trust’s stock worth $12,970,000 after purchasing an additional 251,649 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Hospitality Properties Trust by 85.1% during the fourth quarter. Millennium Management LLC now owns 470,393 shares of the real estate investment trust’s stock worth $11,233,000 after purchasing an additional 216,326 shares in the last quarter. Institutional investors and hedge funds own 74.26% 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, 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.

See Also: What is a Real Estate Investment Trust (REIT)?

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