Hospitality Properties Trust (NASDAQ:HPT) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Monday, June 3rd, Marketbeat Ratings reports. They presently have a $25.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $28.00. Stifel Nicolaus’ target price indicates a potential upside of 3.39% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. BidaskClub raised Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. Finally, B. Riley set a $32.00 target price on Hospitality Properties Trust and gave the stock a “buy” rating in a report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.67.
NASDAQ:HPT traded down $0.18 during mid-day trading on Monday, reaching $24.18. The stock had a trading volume of 740,901 shares, compared to its average volume of 755,391. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.51. The business has a 50 day simple moving average of $25.29. Hospitality Properties Trust has a 1-year low of $22.47 and a 1-year high of $29.43. The stock has a market cap of $4.02 billion, a P/E ratio of 6.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.05.
Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Friday, May 10th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Hospitality Properties Trust had a negative net margin of 5.25% and a negative return on equity of 4.42%. The firm had revenue of $524.90 million for the quarter, compared to analysts’ expectations of $529.66 million. During the same quarter last year, the company posted $0.94 earnings per share. Hospitality Properties Trust’s revenue was down .7% on a year-over-year basis. As a group, analysts predict that Hospitality Properties Trust will post 3.65 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in HPT. Bank of Montreal Can grew its position in Hospitality Properties Trust by 28.7% in the fourth quarter. Bank of Montreal Can now owns 18,033 shares of the real estate investment trust’s stock worth $430,000 after buying an additional 4,022 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hospitality Properties Trust by 4.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,236 shares of the real estate investment trust’s stock worth $1,104,000 after purchasing an additional 2,082 shares in the last quarter. New York State Teachers Retirement System grew its position in Hospitality Properties Trust by 2.3% during the 4th quarter. New York State Teachers Retirement System now owns 300,336 shares of the real estate investment trust’s stock worth $7,172,000 after purchasing an additional 6,674 shares in the last quarter. Arizona State Retirement System grew its position in Hospitality Properties Trust by 1.1% during the 4th quarter. Arizona State Retirement System now owns 118,026 shares of the real estate investment trust’s stock worth $2,818,000 after purchasing an additional 1,319 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in Hospitality Properties Trust by 66.3% during the 4th quarter. D.A. Davidson & CO. now owns 20,600 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 8,215 shares in the last quarter. 74.26% of the stock is currently owned by hedge funds and other institutional investors.
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, 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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