Hospitality Properties Trust (HPT) Expected to Post Quarterly Sales of $515.34 Million

Analysts expect that Hospitality Properties Trust (NASDAQ:HPT) will report sales of $515.34 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Hospitality Properties Trust’s earnings. The lowest sales estimate is $496.22 million and the highest is $531.78 million. Hospitality Properties Trust posted sales of $488.60 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 9th.

On average, analysts expect that Hospitality Properties Trust will report full year sales of $515.34 million for the current financial year, with estimates ranging from $2.20 billion to $2.28 billion. For the next year, analysts forecast that the company will post sales of $2.28 billion per share, with estimates ranging from $2.21 billion to $2.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Hospitality Properties Trust.

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Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The business had revenue of $535.14 million during the quarter, compared to analyst estimates of $518.18 million. Hospitality Properties Trust had a net margin of 9.91% and a return on equity of 6.16%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Wells Fargo raised shares of Hospitality Properties Trust from an “underperform” rating to a “market perform” rating and cut their price objective for the company from $28.00 to $25.00 in a research report on Monday, March 19th. Robert W. Baird reaffirmed a “hold” rating and set a $27.00 price objective on shares of Hospitality Properties Trust in a research report on Tuesday, March 6th. TheStreet lowered shares of Hospitality Properties Trust from a “b” rating to a “c+” rating in a research report on Thursday, March 1st. Finally, ValuEngine lowered shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Hospitality Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $31.00.

Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its position in Hospitality Properties Trust by 16.2% in the third quarter. Prudential Financial Inc. now owns 2,231,889 shares of the real estate investment trust’s stock worth $63,587,000 after purchasing an additional 310,945 shares in the last quarter. American Century Companies Inc. raised its position in Hospitality Properties Trust by 17.0% in the fourth quarter. American Century Companies Inc. now owns 310,403 shares of the real estate investment trust’s stock worth $9,266,000 after purchasing an additional 45,171 shares in the last quarter. Lourd Capital LLC acquired a new position in Hospitality Properties Trust in the fourth quarter worth about $229,000. AXA raised its position in Hospitality Properties Trust by 1.8% in the fourth quarter. AXA now owns 380,434 shares of the real estate investment trust’s stock worth $11,356,000 after purchasing an additional 6,802 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Hospitality Properties Trust by 136.9% in the fourth quarter. Renaissance Technologies LLC now owns 900,800 shares of the real estate investment trust’s stock worth $26,889,000 after purchasing an additional 520,500 shares in the last quarter. 77.21% of the stock is owned by hedge funds and other institutional investors.

Shares of HPT traded up $0.09 during trading hours on Tuesday, reaching $25.16. 180,579 shares of the company traded hands, compared to its average volume of 863,741. The firm has a market capitalization of $4,065.91, a P/E ratio of 6.91, a P/E/G ratio of 1.32 and a beta of 0.98. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.36 and a current ratio of 0.36. Hospitality Properties Trust has a 1-year low of $23.83 and a 1-year high of $32.58.

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About Hospitality Properties Trust

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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