Hospitality Properties Trust (NASDAQ:HPT) – Equities researchers at DA Davidson lowered their Q1 2018 earnings per share estimates for Hospitality Properties Trust in a research report issued on Friday, Zacks Investment Research reports. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will post earnings of $0.97 per share for the quarter, down from their prior estimate of $0.98. DA Davidson has a “Neutral” rating and a $35.00 price objective on the stock. DA Davidson also issued estimates for Hospitality Properties Trust’s Q2 2018 earnings at $1.04 EPS, Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $0.70 EPS, FY2018 earnings at $3.70 EPS and FY2019 earnings at $4.03 EPS.
Several other equities research analysts have also recently weighed in on HPT. Wells Fargo & Co cut Hospitality Properties Trust from a “market perform” rating to an “underperform” rating and set a $28.00 price objective for the company. in a report on Tuesday, December 19th. Stifel Nicolaus restated a “buy” rating and issued a $31.00 target price on shares of Hospitality Properties Trust in a research note on Wednesday, January 3rd. BidaskClub cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. B. Riley restated a “buy” rating and issued a $35.00 target price on shares of Hospitality Properties Trust in a research note on Monday, January 22nd. Finally, ValuEngine lowered Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Hospitality Properties Trust has a consensus rating of “Hold” and a consensus target price of $31.38.
Hospitality Properties Trust (HPT) traded up $0.07 during midday trading on Monday, reaching $25.19. The company’s stock had a trading volume of 391,010 shares, compared to its average volume of 847,096. Hospitality Properties Trust has a 1-year low of $23.93 and a 1-year high of $32.68. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.45. The stock has a market cap of $4,128.36, a PE ratio of 20.29, a P/E/G ratio of 1.34 and a beta of 1.00.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. Hospitality Properties Trust had a return on equity of 6.16% and a net margin of 9.91%. The business had revenue of $535.14 million during the quarter, compared to analysts’ expectations of $518.18 million. During the same quarter last year, the business posted $0.57 EPS. The business’s revenue was up 11.7% on a year-over-year basis.
The firm also recently announced a dividend, which was paid on Monday, February 26th. Shareholders of record on Monday, January 29th were issued a $0.52 dividend. This represents a dividend yield of 0.0178448867536033%. The ex-dividend date of this dividend was Friday, January 26th. Hospitality Properties Trust’s payout ratio is 167.74%.
Several institutional investors have recently bought and sold shares of HPT. FMR LLC grew its holdings in shares of Hospitality Properties Trust by 77.2% in the second quarter. FMR LLC now owns 56,700 shares of the real estate investment trust’s stock worth $1,653,000 after acquiring an additional 24,700 shares during the period. First Trust Advisors LP lifted its position in Hospitality Properties Trust by 6.4% during the third quarter. First Trust Advisors LP now owns 231,300 shares of the real estate investment trust’s stock valued at $6,590,000 after purchasing an additional 13,839 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Hospitality Properties Trust during the third quarter valued at $406,000. Canada Pension Plan Investment Board lifted its position in Hospitality Properties Trust by 11.9% during the third quarter. Canada Pension Plan Investment Board now owns 47,900 shares of the real estate investment trust’s stock valued at $1,365,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Tocqueville Asset Management L.P. lifted its position in Hospitality Properties Trust by 10.6% during the third quarter. Tocqueville Asset Management L.P. now owns 161,810 shares of the real estate investment trust’s stock valued at $4,610,000 after purchasing an additional 15,485 shares in the last quarter. 77.27% of the stock is owned by institutional investors and hedge funds.
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.
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