Hospitality Properties Trust (NASDAQ:SVC) released its earnings results on Friday. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.72), Fidelity Earnings reports. Hospitality Properties Trust had a negative net margin of 9.12% and a negative return on equity of 7.74%. The company had revenue of $599.80 million during the quarter, compared to analysts’ expectations of $587.35 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Hospitality Properties Trust’s revenue for the quarter was down .6% compared to the same quarter last year.
SVC stock traded down $1.08 during midday trading on Friday, reaching $23.99. 1,538,900 shares of the company’s stock traded hands, compared to its average volume of 795,627. The company has a market capitalization of $4.20 billion, a P/E ratio of 6.50 and a beta of 0.94. The business has a 50-day moving average price of $25.27 and a two-hundred day moving average price of $25.07. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.18 and a quick ratio of 0.18. Hospitality Properties Trust has a fifty-two week low of $22.47 and a fifty-two week high of $28.00.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 9.00%. This is a boost from Hospitality Properties Trust’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, October 25th. Hospitality Properties Trust’s payout ratio is 58.54%.
A number of research firms recently issued reports on SVC. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. BidaskClub raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, ValuEngine raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.33.
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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