Hospitality Properties Trust (HPT) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS
Hospitality Properties Trust (NASDAQ:HPT) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02, Bloomberg Earnings reports. The company had revenue of $535.14 million during the quarter, compared to the consensus estimate of $518.18 million. Hospitality Properties Trust had a net margin of 9.91% and a return on equity of 6.16%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share.
Shares of Hospitality Properties Trust (HPT) opened at $24.36 on Friday. The firm has a market capitalization of $3,920.00, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.32 and a beta of 1.00. Hospitality Properties Trust has a 1-year low of $23.93 and a 1-year high of $32.68. The company has a quick ratio of 0.42, a current ratio of 0.36 and a debt-to-equity ratio of 1.45.
The business also recently disclosed a dividend, which was paid on Monday, February 26th. Investors of record on Monday, January 29th were issued a $0.52 dividend. The ex-dividend date was Friday, January 26th. This represents a yield of 0.0178448867536033%. Hospitality Properties Trust’s payout ratio is 167.74%.
Several research analysts have recently issued reports on the stock. TheStreet downgraded shares of Hospitality Properties Trust from a “b” rating to a “c+” rating in a report on Thursday. B. Riley reiterated a “buy” rating and set a $35.00 price target (up from $32.00) on shares of Hospitality Properties Trust in a report on Friday. ValuEngine downgraded shares of Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub downgraded Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a report on Saturday, February 24th. Finally, DA Davidson downgraded Hospitality Properties Trust from a “buy” rating to a “neutral” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Hospitality Properties Trust has a consensus rating of “Hold” and a consensus price target of $31.75.
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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