Hospitality Properties Trust (HPT) PT Set at $30.00 by Robert W. Baird

Hospitality Properties Trust (NASDAQ:HPT) has been assigned a $30.00 price target by investment analysts at Robert W. Baird in a research note issued on Tuesday, October 17th. The firm currently has a “hold” rating on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 6.16% from the company’s current price.

A number of other analysts have also recently weighed in on HPT. FBR & Co restated a “buy” rating and issued a $33.00 price target (down from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target (down from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. BidaskClub raised Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Canaccord Genuity reaffirmed a “hold” rating and set a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Finally, Zacks Investment Research raised Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $32.17.

Shares of Hospitality Properties Trust (HPT) traded up 0.53% during mid-day trading on Tuesday, reaching $28.26. The company’s stock had a trading volume of 395,578 shares. Hospitality Properties Trust has a 52-week low of $26.06 and a 52-week high of $32.68. The company has a 50-day moving average price of $28.38 and a 200 day moving average price of $29.18. The company has a market cap of $4.64 billion, a PE ratio of 24.01 and a beta of 1.04.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.03). Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The business had revenue of $570.60 million during the quarter, compared to analyst estimates of $557.61 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts expect that Hospitality Properties Trust will post $1.07 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ffcm LLC boosted its holdings in 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 in the last quarter. Kemper Corp Master Retirement Trust boosted its holdings in 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 in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Hospitality Properties Trust by 117.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 2,700 shares in the last quarter. Quantbot Technologies LP boosted its holdings in 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 in the last quarter. Finally, Parametrica Management Ltd purchased a new stake in Hospitality Properties Trust in the 2nd quarter valued at approximately $208,000. 76.24% of the stock is currently 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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