Hospitality Properties Trust (HPT) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a sell rating to a hold rating in a report released on Tuesday.

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. “

Other analysts have also issued research reports about the company. BidaskClub lowered Hospitality Properties Trust from a hold rating to a sell rating in a report on Wednesday, September 12th. ValuEngine lowered Hospitality Properties Trust from a hold rating to a sell rating in a report on Saturday, July 28th. Stifel Nicolaus boosted their price target on Hospitality Properties Trust from $29.00 to $30.00 and gave the company a buy rating in a report on Friday, June 29th. Finally, B. Riley boosted their price target on Hospitality Properties Trust from $32.00 to $33.00 and gave the company a buy rating in a report on Monday, August 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $29.83.



Shares of HPT opened at $25.84 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.43 and a quick ratio of 0.43. Hospitality Properties Trust has a one year low of $23.83 and a one year high of $31.27. The firm has a market capitalization of $4.33 billion, a P/E ratio of 7.24, a PEG ratio of 1.34 and a beta of 0.88.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $612.00 million during the quarter, compared to the consensus estimate of $601.86 million. During the same period in the previous year, the firm earned $0.37 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Hospitality Properties Trust will post 3.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, October 29th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, October 26th. This represents a $2.12 annualized dividend and a dividend yield of 8.20%. Hospitality Properties Trust’s payout ratio is 59.38%.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Hospitality Properties Trust by 19.2% in the second quarter. BlackRock Inc. now owns 19,047,976 shares of the real estate investment trust’s stock valued at $544,964,000 after acquiring an additional 3,072,510 shares in the last quarter. Northern Trust Corp lifted its position in shares of Hospitality Properties Trust by 5.9% in the second quarter. Northern Trust Corp now owns 2,827,673 shares of the real estate investment trust’s stock valued at $80,900,000 after acquiring an additional 157,480 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hospitality Properties Trust by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,581,975 shares of the real estate investment trust’s stock valued at $73,870,000 after acquiring an additional 42,513 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Hospitality Properties Trust by 4.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,097,882 shares of the real estate investment trust’s stock valued at $60,021,000 after acquiring an additional 82,800 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Hospitality Properties Trust by 1.8% in the second quarter. Renaissance Technologies LLC now owns 1,406,000 shares of the real estate investment trust’s stock valued at $40,226,000 after acquiring an additional 24,900 shares in the last quarter. Institutional investors and hedge funds own 73.62% 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, 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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