Hospitality Properties Trust (HPT) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Hospitality Properties Trust (NASDAQ:HPT) from a buy rating to a hold rating in a research note released on Friday morning.
According to Zacks, “Hospitality Properties Trust is a real estate investment trust, or REIT, , which owns a diverse portfolio of hotels and travel. HPT owns hotels and owns or leases travel centers located throughout the United States, Canada and Puerto Rico. Its properties are operated by other companies under long term management or lease agreements. The Company is included in a number of financial indices, including the S&P 400 MidCap Index, the Russell 1000, the MSCI US REIT Index, S&P REIT Composite Index and the FTSE EPRA/NAREIT United States Index. HPT is one of two lodging REITs whose debt is investment grade rated. “
Other equities analysts also recently issued research reports about the stock. B. Riley boosted their target price on shares of Hospitality Properties Trust from $32.00 to $33.00 and gave the stock a buy rating in a report on Monday, August 13th. ValuEngine raised shares of Hospitality Properties Trust from a sell rating to a hold rating in a report on Thursday. Finally, BidaskClub downgraded shares of Hospitality Properties Trust from a hold rating to a sell rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Hospitality Properties Trust currently has an average rating of Hold and a consensus price target of $30.00.
Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating 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 business had revenue of $603.20 million for the quarter, compared to the consensus estimate of $601.94 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Hospitality Properties Trust will post 4 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, October 29th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 8.10%. The ex-dividend date was Friday, October 26th. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 59.38%.
Hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Hospitality Properties Trust by 122.1% in 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 in the last quarter. Girard Partners LTD. purchased a new position in shares of Hospitality Properties Trust in the third quarter worth $130,000. Qube Research & Technologies Ltd purchased a new position in shares of Hospitality Properties Trust in the second quarter worth $133,000. First Hawaiian Bank purchased a new position in shares of Hospitality Properties Trust in the third quarter worth $137,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Hospitality Properties Trust by 100.0% in 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 in the last quarter. 74.32% 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, 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.
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