TheStreet Lowers Hospitality Properties Trust (HPT) to C+
HPT has been the subject of a number of other reports. Wells Fargo & Co cut Hospitality Properties Trust from a market perform rating to an underperform rating and set a $28.00 price objective for the company. in a research report on Tuesday, December 19th. Zacks Investment Research raised Hospitality Properties Trust from a sell rating to a hold rating in a research report on Friday, November 10th. B. Riley reaffirmed a buy rating and issued a $35.00 price objective on shares of Hospitality Properties Trust in a research report on Monday, January 22nd. Stifel Nicolaus reaffirmed a buy rating and issued a $31.00 price objective on shares of Hospitality Properties Trust in a research report on Wednesday, January 3rd. Finally, BidaskClub raised Hospitality Properties Trust from a hold rating to a buy rating in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $31.75.
Hospitality Properties Trust (NASDAQ HPT) opened at $24.36 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.36 and a quick ratio of 0.42. The firm has a market capitalization of $4,003.47, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.00. Hospitality Properties Trust has a one year low of $23.93 and a one year high of $32.68.
The company also recently declared a dividend, which was paid on Monday, February 26th. Investors of record on Monday, January 29th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, January 26th. This represents a yield of 0.0178448867536033%. Hospitality Properties Trust’s payout ratio is currently 167.74%.
A number of large investors have recently added to or reduced their stakes in the stock. Albion Financial Group UT acquired a new stake in Hospitality Properties Trust during the 4th quarter worth approximately $202,000. Colonial Trust Advisors lifted its holdings in Hospitality Properties Trust by 18.1% during the 4th quarter. Colonial Trust Advisors now owns 64,603 shares of the real estate investment trust’s stock worth $1,928,000 after purchasing an additional 9,898 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Hospitality Properties Trust during the 4th quarter worth approximately $3,104,000. Glenmede Trust Co. NA lifted its holdings in Hospitality Properties Trust by 17.8% during the 4th quarter. Glenmede Trust Co. NA now owns 39,330 shares of the real estate investment trust’s stock worth $1,173,000 after purchasing an additional 5,941 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Hospitality Properties Trust during the 4th quarter worth approximately $531,000. 75.16% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This article was first posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/thestreet-lowers-hospitality-properties-trust-hpt-to-c/1907969.html.
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.
Receive News & Ratings for Hospitality Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hospitality Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.