Hospitality Properties Trust (HPT) Receives Average Rating of “Hold” from Brokerages

Hospitality Properties Trust (NASDAQ:HPT) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.86.

Several brokerages recently commented on HPT. Wells Fargo downgraded shares of Hospitality Properties Trust from a “market perform” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a research report on Tuesday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $31.00 price target on shares of Hospitality Properties Trust in a report on Wednesday, January 3rd. B. Riley reaffirmed a “buy” rating and set a $35.00 price target on shares of Hospitality Properties Trust in a report on Monday, January 22nd. BidaskClub downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC bought a new position in shares of Hospitality Properties Trust in the 3rd quarter worth approximately $108,000. Albion Financial Group UT bought a new position in shares of Hospitality Properties Trust in the 4th quarter worth approximately $202,000. Oakbrook Investments LLC bought a new position in shares of Hospitality Properties Trust in the 4th quarter worth approximately $207,000. Lourd Capital LLC bought a new position in shares of Hospitality Properties Trust in the 4th quarter worth approximately $229,000. Finally, ARP Americas LP bought a new position in shares of Hospitality Properties Trust in the 4th quarter worth approximately $257,000. 77.21% of the stock is currently owned by hedge funds and other institutional investors.

HPT stock traded down $0.08 during trading on Wednesday, hitting $24.78. 540,012 shares of the stock traded hands, compared to its average volume of 866,168. Hospitality Properties Trust has a 1 year low of $23.83 and a 1 year high of $32.68. The company has a market capitalization of $4,085.63, a price-to-earnings ratio of 6.95, a price-to-earnings-growth 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 (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 Thomson Reuters’ consensus estimate of $0.52 by $0.02. Hospitality Properties Trust had a net margin of 9.91% and a return on equity of 6.16%. The company had revenue of $535.14 million for the quarter, compared to the consensus estimate of $518.18 million. During the same period in the prior year, the firm posted $0.57 EPS. Hospitality Properties Trust’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts predict that Hospitality Properties Trust will post 3.76 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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