Hospitality Properties Trust (NASDAQ:HPT) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Hospitality Properties Trust (NASDAQ:HPT) from a buy rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Hospitality Properties Trust is a real estate investment trust, or REIT, , which owns a diverse portfolio of hotels and travel. HPT owns hotels and owns or leases travel centers located throughout the United States, Canada and Puerto Rico. Its properties are operated by other companies under long term management or lease agreements. The Company is included in a number of financial indices, including the S&P 400 MidCap Index, the Russell 1000, the MSCI US REIT Index, S&P REIT Composite Index and the FTSE EPRA/NAREIT United States Index. HPT is one of two lodging REITs whose debt is investment grade rated. “

A number of other research analysts have also issued reports on the stock. BidaskClub upgraded shares of Hospitality Properties Trust from a sell rating to a hold rating in a research report on Tuesday. ValuEngine downgraded shares of Hospitality Properties Trust from a hold rating to a sell rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus downgraded shares of Hospitality Properties Trust from a buy rating to a hold rating and dropped their price objective for the company from $28.00 to $25.00 in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Hospitality Properties Trust currently has an average rating of Hold and a consensus price target of $28.33.

Shares of HPT stock traded up $0.47 on Thursday, reaching $24.67. The stock had a trading volume of 8,178 shares, compared to its average volume of 972,546. The company has a quick ratio of 0.39, a current ratio of 0.18 and a debt-to-equity ratio of 1.54. The firm’s 50-day moving average is $24.69 and its two-hundred day moving average is $25.78. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 6.66 and a beta of 0.98. Hospitality Properties Trust has a 12 month low of $22.47 and a 12 month high of $29.43.

Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Friday, August 9th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.02. Hospitality Properties Trust had a negative net margin of 9.12% and a negative return on equity of 7.74%. The company had revenue of $610.60 million for the quarter, compared to analysts’ expectations of $606.51 million. During the same period in the prior year, the firm earned $0.59 EPS. Hospitality Properties Trust’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that Hospitality Properties Trust will post 3.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 29th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 8.76%. The ex-dividend date was Friday, July 26th. Hospitality Properties Trust’s payout ratio is 58.54%.

Several hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in shares of Hospitality Properties Trust by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the real estate investment trust’s stock valued at $1,158,000 after acquiring an additional 400 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Hospitality Properties Trust by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 30,400 shares of the real estate investment trust’s stock valued at $760,000 after acquiring an additional 420 shares during the last quarter. Eukles Asset Management increased its position in shares of Hospitality Properties Trust by 4.3% during the first quarter. Eukles Asset Management now owns 10,169 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 421 shares during the period. Fagan Associates Inc. increased its position in shares of Hospitality Properties Trust by 0.7% during the first quarter. Fagan Associates Inc. now owns 58,364 shares of the real estate investment trust’s stock worth $1,536,000 after buying an additional 431 shares during the period. Finally, Eii Capital Management Inc. increased its position in shares of Hospitality Properties Trust by 3.0% during the second quarter. Eii Capital Management Inc. now owns 17,599 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 510 shares during the period. 74.66% of the stock is owned by hedge funds and other 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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