Hospitality Properties Trust (NASDAQ:SVC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, Zacks.com reports.
According to Zacks, “Service Properties Trust is a real estate investment trust which buys, owns and leases hotels primarily in United States. Service Properties Trust, formerly known as Hospitality Properties Trust, is based in MA, United States. “
Several other research analysts have also weighed in on the company. Wells Fargo & Company dropped their target price on Hospitality Properties Trust from $13.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. ValuEngine lowered Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Hospitality Properties Trust has a consensus rating of “Hold” and an average target price of $9.00.
NASDAQ:SVC traded down $0.11 during trading hours on Wednesday, hitting $8.67. 4,141 shares of the company’s stock traded hands, compared to its average volume of 2,358,493. The firm has a market cap of $1.45 billion, a P/E ratio of -31.29 and a beta of 2.04. Hospitality Properties Trust has a twelve month low of $3.59 and a twelve month high of $26.28. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.14 and a current ratio of 0.14. The stock’s fifty day moving average price is $8.03 and its two-hundred day moving average price is $7.86.
Hospitality Properties Trust (NASDAQ:SVC) last issued its earnings results on Friday, August 7th. The real estate investment trust reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.63) by $0.40. Hospitality Properties Trust had a negative return on equity of 1.86% and a negative net margin of 2.44%. On average, equities research analysts predict that Hospitality Properties Trust will post 2.06 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Larson Financial Group LLC bought a new stake in Hospitality Properties Trust during the 2nd quarter valued at approximately $35,000. Dupont Capital Management Corp boosted its stake in Hospitality Properties Trust by 36.2% during the 2nd quarter. Dupont Capital Management Corp now owns 6,508 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,729 shares during the period. Wetherby Asset Management Inc. bought a new stake in Hospitality Properties Trust during the 1st quarter valued at approximately $55,000. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Hospitality Properties Trust during the 1st quarter valued at approximately $59,000. Finally, Hayden Royal LLC bought a new stake in Hospitality Properties Trust during the 1st quarter valued at approximately $65,000. Hedge funds and other institutional investors own 70.95% of the company’s stock.
Hospitality Properties Trust Company Profile
Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, the District of Columbia, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
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