Hospitality Properties Trust (HPT) Earns Buy Rating from B. Riley

Hospitality Properties Trust (NASDAQ:HPT)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a research note issued on Tuesday. They currently have a $33.00 target price on the real estate investment trust’s stock. B. Riley’s target price points to a potential upside of 24.06% from the stock’s previous close. B. Riley also issued estimates for Hospitality Properties Trust’s Q4 2018 earnings at $0.93 EPS, FY2018 earnings at $4.01 EPS, Q4 2019 earnings at $0.93 EPS and FY2019 earnings at $4.01 EPS.

Several other analysts have also recently weighed in on the company. BidaskClub cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. ValuEngine cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Finally, Zacks Investment Research cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $29.83.

NASDAQ:HPT traded down $0.09 during mid-day trading on Tuesday, reaching $26.60. 44,163 shares of the company’s stock traded hands, compared to its average volume of 706,431. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.45 and a quick ratio of 0.43. The company has a market cap of $4.24 billion, a PE ratio of 7.45, a P/E/G ratio of 1.31 and a beta of 0.92. Hospitality Properties Trust has a 12-month low of $23.83 and a 12-month high of $31.27.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.02. The business had revenue of $603.20 million for the quarter, compared to analysts’ expectations of $601.94 million. Hospitality Properties Trust had a return on equity of 9.32% and a net margin of 14.31%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 EPS. Analysts expect that Hospitality Properties Trust will post 3.94 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of HPT. Janus Henderson Group PLC bought a new position in Hospitality Properties Trust in the 3rd quarter valued at approximately $335,000. AXA lifted its position in Hospitality Properties Trust by 26.6% in the 3rd quarter. AXA now owns 433,144 shares of the real estate investment trust’s stock valued at $12,492,000 after acquiring an additional 91,114 shares in the last quarter. Alliancebernstein L.P. lifted its position in Hospitality Properties Trust by 7.0% in the 3rd quarter. Alliancebernstein L.P. now owns 448,811 shares of the real estate investment trust’s stock valued at $12,944,000 after acquiring an additional 29,320 shares in the last quarter. Commonwealth Bank of Australia bought a new position in Hospitality Properties Trust in the 3rd quarter valued at approximately $602,000. Finally, Redpoint Investment Management Pty Ltd bought a new position in Hospitality Properties Trust in the 3rd quarter valued at approximately $536,000. 73.81% of the stock is currently owned by hedge funds and other institutional investors.

About Hospitality Properties Trust

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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