BidaskClub upgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a sell rating to a hold rating in a report published on Thursday morning.

HPT has been the topic of several other research reports. Stifel Nicolaus reiterated a buy rating and set a $33.00 price objective (down previously from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. FBR & Co reiterated a buy rating and set a $33.00 price objective (down previously from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Hospitality Properties Trust from a hold rating to a sell rating in a research report on Wednesday, July 12th. Robert W. Baird reiterated a neutral rating and set a $32.00 price objective (up previously from $31.00) on shares of Hospitality Properties Trust in a research report on Friday, June 16th. Finally, Canaccord Genuity reiterated a hold rating and set a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Hospitality Properties Trust presently has an average rating of Hold and an average target price of $32.86.

Hospitality Properties Trust (HPT) opened at 28.49 on Thursday. The firm has a 50-day moving average of $27.68 and a 200-day moving average of $29.63. Hospitality Properties Trust has a 1-year low of $26.06 and a 1-year high of $32.68. The stock has a market cap of $4.68 billion, a PE ratio of 24.21 and a beta of 1.02.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). The company had revenue of $570.60 million for the quarter, compared to the consensus estimate of $557.61 million. Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. Analysts expect that Hospitality Properties Trust will post $1.07 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of HPT. Ffcm LLC grew its holdings in shares of Hospitality Properties Trust by 221.1% in the second quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 2,640 shares in the last quarter. Kemper Corp Master Retirement Trust grew its holdings in shares of Hospitality Properties Trust by 0.5% in the second quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 25 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Hospitality Properties Trust by 117.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 2,700 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Hospitality Properties Trust in the first quarter valued at $198,000. Finally, Parametrica Management Ltd purchased a new position in shares of Hospitality Properties Trust in the second quarter valued at $208,000. 76.26% of the stock is owned by hedge funds and other institutional investors.

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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