FY2018 EPS Estimates for Hospitality Properties Trust (HPT) Lifted by Analyst
Hospitality Properties Trust (NASDAQ:HPT) – Investment analysts at B. Riley lifted their FY2018 earnings estimates for Hospitality Properties Trust in a research report issued to clients and investors on Thursday, November 8th. B. Riley analyst B. Maher now expects that the real estate investment trust will post earnings per share of $4.01 for the year, up from their prior estimate of $3.97. B. Riley currently has a “Buy” rating and a $33.00 price target on the stock. B. Riley also issued estimates for Hospitality Properties Trust’s Q4 2018 earnings at $0.93 EPS, Q4 2019 earnings at $0.93 EPS and FY2019 earnings at $4.01 EPS.
Hospitality Properties Trust (NASDAQ:HPT) last announced its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.02. Hospitality Properties Trust had a net margin of 14.31% and a return on equity of 9.32%. The company had revenue of $603.20 million for the quarter, compared to analysts’ expectations of $601.94 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. Hospitality Properties Trust’s quarterly revenue was up 4.4% on a year-over-year basis.
Shares of HPT opened at $26.48 on Friday. Hospitality Properties Trust has a fifty-two week low of $23.83 and a fifty-two week high of $31.27. The firm has a market capitalization of $4.39 billion, a P/E ratio of 7.42, a price-to-earnings-growth ratio of 1.36 and a beta of 0.92. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 1.48.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its stake in Hospitality Properties Trust by 122.1% during the third quarter. Steward Partners Investment Advisory LLC now owns 4,136 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 2,274 shares during the period. Girard Partners LTD. purchased a new position in Hospitality Properties Trust during the third quarter worth $130,000. Qube Research & Technologies Ltd purchased a new position in Hospitality Properties Trust during the second quarter worth $133,000. First Hawaiian Bank purchased a new position in Hospitality Properties Trust during the third quarter worth $137,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Hospitality Properties Trust by 100.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,838 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 2,919 shares during the period. 73.81% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, October 29th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 8.01%. The ex-dividend date is Friday, October 26th. Hospitality Properties Trust’s payout ratio is 59.38%.
About Hospitality Properties Trust
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, 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.
See Also: Fundamental Analysis
Receive News & Ratings for Hospitality Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hospitality Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.