FY2019 Earnings Forecast for Hospitality Properties Trust Issued By DA Davidson (HPT)

Hospitality Properties Trust (NASDAQ:HPT) – Analysts at DA Davidson cut their FY2019 EPS estimates for Hospitality Properties Trust in a note issued to investors on Tuesday, May 14th. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will earn $3.66 per share for the year, down from their prior estimate of $3.75.

Several other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Zacks Investment Research upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Thursday, January 17th. B. Riley set a $32.00 target price on Hospitality Properties Trust and gave the company a “buy” rating in a report on Thursday, February 28th. Finally, ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Hospitality Properties Trust currently has an average rating of “Hold” and a consensus price target of $30.33.



Shares of HPT opened at $26.01 on Thursday. Hospitality Properties Trust has a 1 year low of $22.47 and a 1 year high of $29.43. The firm has a market cap of $4.33 billion, a PE ratio of 7.05, a PEG ratio of 1.41 and a beta of 1.06. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.39 and a quick ratio of 0.36.

Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. Hospitality Properties Trust had a negative net margin of 5.25% and a negative return on equity of 4.42%. The company had revenue of $524.90 million during the quarter, compared to the consensus estimate of $529.66 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Hospitality Properties Trust by 2.4% in the fourth quarter. BlackRock Inc. now owns 20,085,751 shares of the real estate investment trust’s stock valued at $479,648,000 after purchasing an additional 474,978 shares in the last quarter. LSV Asset Management raised its stake in shares of Hospitality Properties Trust by 1.4% in the first quarter. LSV Asset Management now owns 7,552,376 shares of the real estate investment trust’s stock valued at $198,703,000 after purchasing an additional 101,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hospitality Properties Trust by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,643,957 shares of the real estate investment trust’s stock valued at $69,565,000 after purchasing an additional 26,091 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Hospitality Properties Trust by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 2,429,333 shares of the real estate investment trust’s stock valued at $58,012,000 after purchasing an additional 178,754 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Hospitality Properties Trust by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,409,573 shares of the real estate investment trust’s stock worth $63,396,000 after acquiring an additional 132,601 shares in the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 29th will be paid a $0.54 dividend. This is a boost from Hospitality Properties Trust’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, April 26th. This represents a $2.16 annualized dividend and a dividend yield of 8.30%. Hospitality Properties Trust’s payout ratio is presently 58.54%.

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, the District of Columbia, 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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Earnings History and Estimates for Hospitality Properties Trust (NASDAQ:HPT)

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