BidaskClub Lowers Hospitality Properties Trust (HPT) to Sell

BidaskClub downgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a hold rating to a sell rating in a research note released on Wednesday morning.

Other analysts have also issued reports about the stock. TheStreet upgraded shares of Hospitality Properties Trust from a c+ rating to a b- rating in a report on Friday, May 25th. B. Riley boosted their price objective on shares of Hospitality Properties Trust from $32.00 to $33.00 and gave the company a buy rating in a report on Monday, August 13th. Stifel Nicolaus boosted their price objective on shares of Hospitality Properties Trust from $29.00 to $30.00 and gave the company a buy rating in a report on Friday, June 29th. Finally, ValuEngine upgraded shares of Hospitality Properties Trust from a sell rating to a hold rating in a report on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Hospitality Properties Trust currently has a consensus rating of Hold and a consensus price target of $29.83.

Shares of HPT stock opened at $29.00 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market cap of $4.71 billion, a PE ratio of 8.12, a PEG ratio of 1.45 and a beta of 0.89. Hospitality Properties Trust has a twelve month low of $23.83 and a twelve month high of $31.27.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.48). The company had revenue of $612.00 million during the quarter, compared to analysts’ expectations of $601.86 million. Hospitality Properties Trust had a net margin of 13.08% and a return on equity of 8.19%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. analysts forecast that Hospitality Properties Trust will post 3.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Monday, July 30th were issued a $0.53 dividend. The ex-dividend date was Friday, July 27th. This represents a $2.12 annualized dividend and a yield of 7.31%. Hospitality Properties Trust’s dividend payout ratio (DPR) is currently 59.38%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Global X Management Co LLC raised its holdings in Hospitality Properties Trust by 4.4% in the 2nd quarter. Global X Management Co LLC now owns 455,854 shares of the real estate investment trust’s stock valued at $13,042,000 after buying an additional 19,139 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Hospitality Properties Trust during the second quarter worth about $133,000. Millennium Management LLC increased its stake in Hospitality Properties Trust by 5.7% during the second quarter. Millennium Management LLC now owns 621,137 shares of the real estate investment trust’s stock worth $17,771,000 after purchasing an additional 33,700 shares during the period. Centaurus Financial Inc. purchased a new stake in Hospitality Properties Trust during the second quarter worth about $420,000. Finally, Albion Financial Group UT purchased a new stake in Hospitality Properties Trust during the second quarter worth about $230,000. Hedge funds and other institutional investors own 73.72% of the company’s stock.

Hospitality Properties Trust Company Profile

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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