Hospitality Properties Trust (HPT) to Post Q1 2018 Earnings of $0.97 Per Share, DA Davidson Forecasts
Hospitality Properties Trust (NASDAQ:HPT) – Equities research analysts at DA Davidson lowered their Q1 2018 earnings estimates for shares of Hospitality Properties Trust in a research report issued to clients and investors on Friday. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will earn $0.97 per share for the quarter, down from their previous forecast of $0.98. DA Davidson currently has a “Neutral” rating on the stock. DA Davidson also issued estimates for Hospitality Properties Trust’s Q2 2018 earnings at $1.04 EPS, Q3 2018 earnings at $0.98 EPS, Q4 2018 earnings at $0.70 EPS, FY2018 earnings at $3.70 EPS and FY2019 earnings at $4.03 EPS.
Hospitality Properties Trust (NASDAQ:HPT) last released its earnings results on Thursday, March 1st. 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. The company had revenue of $535.14 million for the quarter, compared to analyst estimates of $518.18 million. Hospitality Properties Trust had a return on equity of 6.16% and a net margin of 9.91%. Hospitality Properties Trust’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS.
Shares of Hospitality Properties Trust (NASDAQ:HPT) opened at $24.36 on Monday. The stock has a market capitalization of $4,003.47, a price-to-earnings ratio of 19.65, a PEG ratio of 1.29 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 current ratio of 0.36, a quick ratio of 0.42 and a debt-to-equity ratio of 1.45.
Hedge funds have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC bought a new stake in shares of Hospitality Properties Trust during the 3rd quarter worth $108,000. Albion Financial Group UT bought a new stake in shares of Hospitality Properties Trust during the 4th quarter worth $202,000. Oakbrook Investments LLC bought a new stake in shares of Hospitality Properties Trust during the 4th quarter worth $207,000. Girard Partners LTD. bought a new position in Hospitality Properties Trust in the third quarter valued at about $202,000. Finally, Lourd Capital LLC bought a new position in Hospitality Properties Trust in the fourth quarter valued at about $229,000. Institutional investors and hedge funds own 75.16% of the company’s stock.
The firm also recently disclosed a dividend, which was paid on Monday, February 26th. Investors of record on Monday, January 29th were given a dividend of $0.52 per share. The ex-dividend date was Friday, January 26th. This represents a dividend yield of 0.0178448867536033%. Hospitality Properties Trust’s dividend payout ratio is currently 167.74%.
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.
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