ValuEngine upgraded shares of Hospitality Properites Trust (NASDAQ:HPT) from a sell rating to a hold rating in a research report sent to investors on Friday morning.
Several other research analysts have also recently weighed in on the stock. B. Riley set a $32.00 price target on shares of Hospitality Properites Trust and gave the company a buy rating in a research report on Thursday. Zacks Investment Research raised shares of Hospitality Properites Trust from a hold rating to a buy rating and set a $29.00 price target on the stock in a research report on Thursday. BidaskClub raised shares of Hospitality Properites Trust from a strong sell rating to a sell rating in a research report on Wednesday, May 2nd. Wells Fargo raised shares of Hospitality Properites Trust from an underperform rating to a market perform rating and lowered their price target for the company from $28.00 to $25.00 in a research report on Monday, March 19th. Finally, Robert W. Baird reissued a hold rating and set a $27.00 price target on shares of Hospitality Properites Trust in a research report on Tuesday, March 6th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $30.25.
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Shares of Hospitality Properites Trust traded up $0.07, reaching $27.93, during trading hours on Friday, MarketBeat reports. 902,635 shares of the company’s stock were exchanged, compared to its average volume of 815,110. Hospitality Properites Trust has a 1 year low of $27.87 and a 1 year high of $28.12. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 1.45 and a beta of 0.97. The company has a quick ratio of 0.36, a current ratio of 0.44 and a debt-to-equity ratio of 1.48.
Hospitality Properites Trust (NASDAQ:HPT) last released its earnings results on Wednesday, May 9th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.94. The business had revenue of $528.60 million during the quarter, compared to analyst estimates of $525.68 million. Hospitality Properites Trust had a net margin of 11.67% and a return on equity of 6.85%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 earnings per share. research analysts anticipate that Hospitality Properites Trust will post 3.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 17th. Shareholders of record on Monday, April 30th will be given a $0.53 dividend. The ex-dividend date is Friday, April 27th. This represents a $2.12 dividend on an annualized basis and a yield of 7.59%. This is a boost from Hospitality Properites Trust’s previous quarterly dividend of $0.52. Hospitality Properites Trust’s dividend payout ratio is presently 59.38%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its position in Hospitality Properites Trust by 17.0% in the fourth quarter. American Century Companies Inc. now owns 310,403 shares of the real estate investment trust’s stock valued at $9,266,000 after buying an additional 45,171 shares during the last quarter. Teachers Advisors LLC increased its stake in Hospitality Properites Trust by 14.6% during the fourth quarter. Teachers Advisors LLC now owns 239,923 shares of the real estate investment trust’s stock worth $7,162,000 after purchasing an additional 30,510 shares during the period. LPL Financial LLC increased its stake in Hospitality Properites Trust by 127.8% during the fourth quarter. LPL Financial LLC now owns 191,039 shares of the real estate investment trust’s stock worth $5,703,000 after purchasing an additional 107,181 shares during the period. Lourd Capital LLC purchased a new stake in Hospitality Properites Trust during the fourth quarter worth about $229,000. Finally, AXA increased its stake in Hospitality Properites Trust by 1.8% during the fourth quarter. AXA now owns 380,434 shares of the real estate investment trust’s stock worth $11,356,000 after purchasing an additional 6,802 shares during the period. 76.39% of the stock is currently owned by institutional investors.
Hospitality Properites 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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