Shares of Hospitality Properties Trust (NASDAQ:HPT) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $29.80.
A number of research firms have recently weighed in on HPT. ValuEngine downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. BidaskClub downgraded shares of Hospitality Properties Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Stifel Nicolaus raised their price target on shares of Hospitality Properties Trust from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, June 29th. Finally, Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Saturday, May 12th.
A number of hedge funds and other institutional investors have recently bought and sold shares of HPT. Hartford Investment Management Co. acquired a new stake in shares of Hospitality Properties Trust during the 2nd quarter valued at about $202,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Hospitality Properties Trust during the 2nd quarter valued at about $214,000. Oakbrook Investments LLC acquired a new stake in shares of Hospitality Properties Trust during the 2nd quarter valued at about $218,000. Element Capital Management LLC acquired a new stake in shares of Hospitality Properties Trust during the 1st quarter valued at about $206,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Hospitality Properties Trust during the 2nd quarter valued at about $257,000. Institutional investors own 73.66% of the company’s stock.
Hospitality Properties Trust (NASDAQ:HPT) last released its earnings results on Thursday, August 9th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.48). Hospitality Properties Trust had a return on equity of 8.19% and a net margin of 13.08%. The company had revenue of $612.00 million during the quarter, compared to analysts’ expectations of $601.86 million. During the same quarter in the previous year, the company earned $0.37 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. research analysts anticipate that Hospitality Properties Trust will post 3.92 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Monday, July 30th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, July 27th. This represents a $2.12 dividend on an annualized basis and a yield of 7.58%. Hospitality Properties Trust’s payout ratio is presently 59.38%.
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, 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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