FY2019 EPS Estimates for Hospitality Properties Trust Lifted by B. Riley (NASDAQ:HPT)

Hospitality Properties Trust (NASDAQ:HPT) – B. Riley boosted their FY2019 earnings per share estimates for shares of Hospitality Properties Trust in a report released on Monday, August 12th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will earn $3.82 per share for the year, up from their previous estimate of $3.75. B. Riley also issued estimates for Hospitality Properties Trust’s Q4 2019 earnings at $0.91 EPS, Q1 2020 earnings at $0.97 EPS, Q2 2020 earnings at $1.10 EPS, Q3 2020 earnings at $1.07 EPS, Q4 2020 earnings at $0.90 EPS, FY2020 earnings at $4.03 EPS and FY2021 earnings at $4.07 EPS.

Hospitality Properties Trust (NASDAQ:HPT) last released its earnings results on Friday, August 9th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. The firm had revenue of $610.60 million for the quarter, compared to analyst estimates of $606.51 million. Hospitality Properties Trust had a negative return on equity of 7.71% and a negative net margin of 9.12%. Hospitality Properties Trust’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share.

HPT has been the topic of a number of other reports. ValuEngine lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus lowered Hospitality Properties Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $25.00 in a report on Monday, June 3rd. Finally, Zacks Investment Research lowered Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Hospitality Properties Trust presently has a consensus rating of “Hold” and an average price target of $28.33.

NASDAQ:HPT opened at $24.20 on Wednesday. The business’s 50-day moving average price is $24.69 and its 200 day moving average price is $25.78. The firm has a market cap of $4.07 billion, a P/E ratio of 6.56 and a beta of 0.98. Hospitality Properties Trust has a 52-week low of $22.47 and a 52-week high of $29.43. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.51.

Several large investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its position in shares of Hospitality Properties Trust by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 44,000 shares of the real estate investment trust’s stock valued at $1,158,000 after purchasing an additional 400 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of Hospitality Properties Trust by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 30,400 shares of the real estate investment trust’s stock valued at $760,000 after purchasing an additional 420 shares during the period. Eukles Asset Management boosted its position in shares of Hospitality Properties Trust by 4.3% in the 1st quarter. Eukles Asset Management now owns 10,169 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 421 shares during the period. Fagan Associates Inc. boosted its position in shares of Hospitality Properties Trust by 0.7% in the 1st quarter. Fagan Associates Inc. now owns 58,364 shares of the real estate investment trust’s stock valued at $1,536,000 after purchasing an additional 431 shares during the period. Finally, Eii Capital Management Inc. boosted its position in shares of Hospitality Properties Trust by 3.0% in the 2nd quarter. Eii Capital Management Inc. now owns 17,599 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 510 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 29th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 8.93%. The ex-dividend date was Friday, July 26th. Hospitality Properties Trust’s payout ratio is currently 58.54%.

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, the District of Columbia, 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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Earnings History and Estimates for Hospitality Properties Trust (NASDAQ:HPT)

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