Hospitality Properties Trust (HPT) Upgraded at BidaskClub

BidaskClub upgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a hold rating to a buy rating in a report issued on Friday.

Several other research analysts have also recently issued reports on HPT. B. Riley reaffirmed a buy rating on shares of Hospitality Properties Trust in a research report on Wednesday, November 1st. FBR & Co reaffirmed a buy rating and set a $33.00 price objective (down from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Stifel Nicolaus reaffirmed a buy rating and set a $33.00 price objective (down from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Canaccord Genuity reaffirmed a hold rating and set a $30.00 price objective (down from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Finally, Robert W. Baird set a $30.00 price objective on Hospitality Properties Trust and gave the stock a hold rating in a research report on Tuesday, October 17th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Hospitality Properties Trust has an average rating of Buy and a consensus price target of $32.17.

Shares of Hospitality Properties Trust (NASDAQ:HPT) traded down $0.03 during midday trading on Friday, reaching $29.60. The company’s stock had a trading volume of 599,300 shares, compared to its average volume of 603,787. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.44. Hospitality Properties Trust has a 12 month low of $26.64 and a 12 month high of $32.68. The stock has a market cap of $4,864.73, a P/E ratio of 8.20, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.03. The business had revenue of $577.60 million during the quarter, compared to analysts’ expectations of $581.67 million. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. analysts anticipate that Hospitality Properties Trust will post 3.58 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.03%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 148.57%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ffcm LLC boosted its position in shares of Hospitality Properties Trust by 221.1% in the 2nd quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 2,640 shares during the period. Kemper Corp Master Retirement Trust boosted its position in shares of Hospitality Properties Trust by 0.5% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 25 shares during the period. Quantbot Technologies LP boosted its position in shares of Hospitality Properties Trust by 8.4% in the 2nd quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 527 shares during the period. Girard Partners LTD. acquired a new stake in shares of Hospitality Properties Trust in the 3rd quarter valued at about $202,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Hospitality Properties Trust in the 2nd quarter valued at about $208,000. 76.03% of the stock is owned by hedge funds and other institutional investors.

Hospitality Properties Trust Company Profile

Hospitality Properties Trust is a real estate investment trust. The Company’s segments include hotel investments, travel center investments and corporate. As of December 31, 2016, the Company owned 306 hotels with 46,583 rooms or suites, and 198 travel centers. As of December 31, 2016, the Company’s properties were located in 45 states in the United States, Canada and Puerto Rico.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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