Hospitality Properties Trust (HPT) Upgraded by ValuEngine to Hold

Hospitality Properties Trust (NASDAQ:HPT) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other equities research analysts also recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Hospitality Properties Trust in a research report on Tuesday, November 6th. BidaskClub downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, Zacks Investment Research downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.00.

Hospitality Properties Trust stock traded up $0.57 during mid-day trading on Thursday, hitting $26.64. 862,901 shares of the company were exchanged, compared to its average volume of 738,775. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 1.30 and a beta of 0.97. Hospitality Properties Trust has a 12-month low of $23.83 and a 12-month high of $31.27.



Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.02. The company had revenue of $603.20 million during the quarter, compared to the consensus estimate of $601.94 million. Hospitality Properties Trust had a return on equity of 9.32% and a net margin of 14.31%. Hospitality Properties Trust’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. On average, analysts forecast that Hospitality Properties Trust will post 4 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Laurion Capital Management LP purchased a new stake in shares of Hospitality Properties Trust in the second quarter valued at $353,000. Envestnet Asset Management Inc. grew its position in Hospitality Properties Trust by 2,208.4% during the second quarter. Envestnet Asset Management Inc. now owns 29,132 shares of the real estate investment trust’s stock valued at $834,000 after acquiring an additional 27,870 shares during the period. Global X Management Co LLC grew its position in Hospitality Properties Trust by 4.4% during the second quarter. Global X Management Co LLC now owns 455,854 shares of the real estate investment trust’s stock valued at $13,042,000 after acquiring an additional 19,139 shares during the period. Capital Management Corp VA grew its position in Hospitality Properties Trust by 4.8% during the third quarter. Capital Management Corp VA now owns 304,049 shares of the real estate investment trust’s stock valued at $8,769,000 after acquiring an additional 14,060 shares during the period. Finally, Martingale Asset Management L P grew its position in Hospitality Properties Trust by 5.1% during the second quarter. Martingale Asset Management L P now owns 1,031,412 shares of the real estate investment trust’s stock valued at $29,510,000 after acquiring an additional 49,750 shares during the period. 74.32% 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.

Read More: Put Option

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

Receive News & Ratings for Hospitality Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hospitality Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply