Shares of Hospitality Properties Trust (NASDAQ:HPT) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $30.00.
Several brokerages recently commented on HPT. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. ValuEngine raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. BidaskClub downgraded shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. B. Riley lifted their target price on shares of Hospitality Properties Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, August 13th. Finally, Stifel Nicolaus lifted their target price on shares of Hospitality Properties Trust from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, June 29th.
Shares of HPT traded down $0.72 during midday trading on Friday, reaching $25.74. The stock had a trading volume of 32,344 shares, compared to its average volume of 755,322. Hospitality Properties Trust has a one year low of $23.83 and a one year high of $31.27. The company has a market cap of $4.33 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.43 and a quick ratio of 0.43.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 29th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend is Friday, October 26th. Hospitality Properties Trust’s payout ratio is 59.38%.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Hospitality Properties Trust by 19.2% in the 2nd quarter. BlackRock Inc. now owns 19,047,976 shares of the real estate investment trust’s stock valued at $544,964,000 after purchasing an additional 3,072,510 shares during the period. J. L. Bainbridge & Co. Inc. bought a new stake in Hospitality Properties Trust in the 2nd quarter valued at about $35,968,000. Welch & Forbes LLC bought a new stake in Hospitality Properties Trust in the 2nd quarter valued at about $17,836,000. First Trust Advisors LP boosted its holdings in Hospitality Properties Trust by 58.9% in the 3rd quarter. First Trust Advisors LP now owns 492,799 shares of the real estate investment trust’s stock valued at $14,212,000 after purchasing an additional 182,715 shares during the period. Finally, Northern Trust Corp boosted its holdings in Hospitality Properties Trust by 5.9% in the 2nd quarter. Northern Trust Corp now owns 2,827,673 shares of the real estate investment trust’s stock valued at $80,900,000 after purchasing an additional 157,480 shares during the period. 73.62% of the stock is owned by institutional investors and hedge funds.
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, 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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