Hospitality Properties Trust (HPT) Stock Rating Upgraded by BidaskClub

Hospitality Properties Trust (NASDAQ:HPT) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other research analysts have also recently commented on HPT. B. Riley restated a “buy” rating on shares of Hospitality Properties Trust in a research note on Wednesday, November 1st. FBR & Co restated a “buy” rating and set a $33.00 price objective (down previously from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $33.00 price objective (down previously from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Canaccord Genuity restated a “hold” rating and set a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Finally, Robert W. Baird set a $30.00 price objective on Hospitality Properties Trust and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $32.17.

Shares of Hospitality Properties Trust (HPT) traded down $0.03 during trading on Friday, reaching $29.60. The company had a trading volume of 599,300 shares, compared to its average volume of 603,787. Hospitality Properties Trust has a 52-week low of $26.64 and a 52-week high of $32.68. The firm has a market capitalization of $4,864.73, a PE ratio of 8.20, a P/E/G ratio of 1.65 and a beta of 1.05. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 1.44.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.03. The company had revenue of $577.60 million for the quarter, compared to analysts’ expectations of $581.67 million. Hospitality Properties Trust had a return on equity of 8.79% and a net margin of 11.66%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. analysts predict that Hospitality Properties Trust will post 3.58 EPS for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in Hospitality Properties Trust by 0.3% in the second quarter. State Street Corp now owns 7,515,303 shares of the real estate investment trust’s stock valued at $219,069,000 after buying an additional 20,879 shares during the last quarter. Uniplan Investment Counsel Inc. increased its holdings in Hospitality Properties Trust by 102.4% in the second quarter. Uniplan Investment Counsel Inc. now owns 4,551,916 shares of the real estate investment trust’s stock valued at $67,553,000 after buying an additional 2,302,654 shares during the last quarter. Northern Trust Corp increased its holdings in Hospitality Properties Trust by 6.5% in the second quarter. Northern Trust Corp now owns 3,116,831 shares of the real estate investment trust’s stock valued at $90,855,000 after buying an additional 189,013 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Hospitality Properties Trust by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 2,509,670 shares of the real estate investment trust’s stock valued at $71,500,000 after buying an additional 79,198 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Hospitality Properties Trust by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,404,009 shares of the real estate investment trust’s stock valued at $68,491,000 after buying an additional 51,703 shares during the last quarter. 76.03% of the stock is owned by hedge funds and other institutional investors.

Hospitality Properties Trust Company Profile

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.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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