Hospitality Properties Trust (NASDAQ:HPT)‘s stock had its “hold” rating reissued by analysts at Canaccord Genuity in a research note issued to investors on Friday. They presently have a $30.00 target price on the real estate investment trust’s stock, down from their prior target price of $32.00. Canaccord Genuity’s price target indicates a potential upside of 9.81% from the company’s previous close.

HPT has been the topic of several other reports. Zacks Investment Research cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. BidaskClub cut Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. FBR & Co reaffirmed a “buy” rating and issued a $33.00 target price (down from $35.00) on shares of Hospitality Properties Trust in a report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 target price (down from $33.50) on shares of Hospitality Properties Trust in a report on Friday. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $32.00 target price (up from $31.00) on shares of Hospitality Properties Trust in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.86.

Hospitality Properties Trust (NASDAQ:HPT) traded up 1.4890% during mid-day trading on Friday, hitting $27.7268. The company had a trading volume of 88,453 shares. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 23.5572 and a beta of 1.01. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68. The firm’s 50 day moving average is $28.96 and its 200 day moving average is $30.44.

Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.03. Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The firm had revenue of $570.60 million during the quarter, compared to the consensus estimate of $557.61 million. During the same period last year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that Hospitality Properties Trust will post $1.43 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Honkamp Krueger Financial Services Inc. raised its position in shares of Hospitality Properties Trust by 1.5% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 7,686 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 110 shares during the period. Naples Global Advisors LLC raised its position in shares of Hospitality Properties Trust by 0.4% in the second quarter. Naples Global Advisors LLC now owns 34,222 shares of the real estate investment trust’s stock valued at $998,000 after buying an additional 125 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Hospitality Properties Trust by 0.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,347 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 179 shares during the period. Teacher Retirement System of Texas raised its position in shares of Hospitality Properties Trust by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 13,159 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 200 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of Hospitality Properties Trust by 1.9% in 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 buying an additional 240 shares during the period. Institutional investors and hedge funds own 77.19% of the company’s stock.

Hospitality Properties Trust Company Profile

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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