Hospitality Properties Trust (NASDAQ:HPT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Hospitality Properties Trust is a real estate investment trust. The company owns and leases hotels to unaffiliated hotel operators. The company’s principal strategy is to expand its investments in hotels and to set minimum rents which produce income in excess of the company’s cost of raising capital. The company seeks to provide capital to unaffiliated hotel operators who wish to divest their properties while remaining in the hotel business as tenants and in doing so, ensure stability of cash flow through dependable and diversified revenue sources. “

A number of other equities research analysts also recently weighed in on the company. BidaskClub upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Robert W. Baird set a $30.00 price target on Hospitality Properties Trust and gave the company a “hold” rating in a report on Tuesday, October 17th. Canaccord Genuity reiterated a “hold” rating and issued a $30.00 price target (down from $32.00) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price target (down from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Finally, FBR & Co reiterated a “buy” rating and issued a $33.00 price target (down from $35.00) on shares of Hospitality Properties Trust in a report on Thursday, August 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.17.

Shares of Hospitality Properties Trust (NASDAQ HPT) traded down $0.03 during midday trading on Friday, hitting $29.60. The stock had a trading volume of 529,576 shares, compared to its average volume of 603,788. Hospitality Properties Trust has a 1-year low of $26.64 and a 1-year high of $32.68. The company has a quick ratio of 0.57, a current ratio of 0.42 and a debt-to-equity ratio of 1.44. The company has a market cap of $4,880.00, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.03. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The business had revenue of $577.60 million during the quarter, compared to the consensus estimate of $581.67 million. During the same period in the previous year, the business earned $1.03 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. research analysts forecast that Hospitality Properties Trust will post 3.55 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. Cadence Capital Management LLC boosted its position in Hospitality Properties Trust by 16.7% during the 3rd quarter. Cadence Capital Management LLC now owns 12,472 shares of the real estate investment trust’s stock valued at $355,000 after purchasing an additional 1,789 shares during the period. Schroder Investment Management Group boosted its position in Hospitality Properties Trust by 92.4% during the 3rd quarter. Schroder Investment Management Group now owns 43,446 shares of the real estate investment trust’s stock valued at $1,245,000 after purchasing an additional 20,864 shares during the period. JPMorgan Chase & Co. boosted its position in Hospitality Properties Trust by 38.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,414,688 shares of the real estate investment trust’s stock valued at $40,544,000 after purchasing an additional 394,744 shares during the period. Legal & General Group Plc boosted its position in Hospitality Properties Trust by 5.2% during the 3rd quarter. Legal & General Group Plc now owns 1,150,423 shares of the real estate investment trust’s stock valued at $32,778,000 after purchasing an additional 56,510 shares during the period. Finally, Ffcm LLC boosted its position in Hospitality Properties Trust by 274.5% during the 3rd quarter. Ffcm LLC now owns 14,359 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 10,525 shares during the period. Institutional investors and hedge funds own 76.17% of the company’s stock.

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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