$505.92 Million in Sales Expected for Hospitality Properties Trust (HPT) This Quarter
Brokerages expect that Hospitality Properties Trust (NASDAQ:HPT) will report $505.92 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Hospitality Properties Trust’s earnings, with estimates ranging from $484.22 million to $519.44 million. Hospitality Properties Trust reported sales of $479.28 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The firm is expected to report its next quarterly earnings report on Wednesday, March 7th.
On average, analysts expect that Hospitality Properties Trust will report full-year sales of $505.92 million for the current fiscal year, with estimates ranging from $2.12 billion to $2.16 billion. For the next year, analysts anticipate that the business will post sales of $2.23 billion per share, with estimates ranging from $2.13 billion to $2.28 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Hospitality Properties Trust.
Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.03. The business had revenue of $577.60 million for the quarter, compared to analyst estimates of $581.67 million. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share.
A number of research firms have recently commented on HPT. Zacks Investment Research upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. BidaskClub upgraded Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. B. Riley reiterated a “buy” rating on shares of Hospitality Properties Trust in a research note on Wednesday, November 1st. Robert W. Baird set a $30.00 price objective on Hospitality Properties Trust and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $30.00 price objective (down from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $32.17.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC acquired a new stake in Hospitality Properties Trust during the first quarter valued at approximately $1,009,000. AQR Capital Management LLC boosted its holdings in Hospitality Properties Trust by 14.4% during the first quarter. AQR Capital Management LLC now owns 54,393 shares of the real estate investment trust’s stock valued at $1,715,000 after purchasing an additional 6,846 shares in the last quarter. Capstone Asset Management Co. boosted its holdings in Hospitality Properties Trust by 1.9% during the second quarter. Capstone Asset Management Co. now owns 12,805 shares of the real estate investment trust’s stock valued at $373,000 after purchasing an additional 240 shares in the last quarter. Bank of Montreal Can boosted its holdings in Hospitality Properties Trust by 4.1% during the second quarter. Bank of Montreal Can now owns 8,125 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 323 shares in the last quarter. Finally, Creative Planning boosted its holdings in Hospitality Properties Trust by 18.6% during the second quarter. Creative Planning now owns 16,845 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 2,643 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.
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Hospitality Properties Trust (NASDAQ:HPT) opened at $29.65 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $4,872.95, a PE ratio of 8.21, a PEG ratio of 1.66 and a beta of 1.05. Hospitality Properties Trust has a 12 month low of $26.64 and a 12 month high of $32.68.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, October 20th. This represents a $2.08 annualized dividend and a yield of 7.02%. Hospitality Properties Trust’s dividend payout ratio is 148.57%.
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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