Hospitality Properties Trust (HPT) Stock Rating Lowered by Wells Fargo & Company

Hospitality Properties Trust (NASDAQ:HPT) was downgraded by stock analysts at Wells Fargo & Company from a “market perform” rating to an “underperform” rating in a research note issued on Tuesday, Marketbeat reports. They presently have a $28.00 price objective on the real estate investment trust’s stock. Wells Fargo & Company’s price objective suggests a potential downside of 5.66% from the stock’s current price.

HPT has been the topic of several other reports. Zacks Investment Research raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Wednesday, October 11th. Robert W. Baird set a $30.00 price target on shares of Hospitality Properties Trust and gave the stock a “hold” rating in a research note on Tuesday, October 17th. BidaskClub raised shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Finally, B. Riley reaffirmed a “buy” rating on shares of Hospitality Properties Trust in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.57.

Hospitality Properties Trust (NASDAQ:HPT) traded down $0.31 during trading on Tuesday, hitting $29.68. 708,200 shares of the company’s stock traded hands, compared to its average volume of 599,141. Hospitality Properties Trust has a one year low of $26.64 and a one year high of $32.68. The firm has a market cap of $4,928.83, a PE ratio of 8.31, a P/E/G ratio of 1.66 and a beta of 1.05. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.42 and a quick ratio of 0.42.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.03. Hospitality Properties Trust had a net margin of 11.66% and a return on equity of 8.79%. The company had revenue of $577.60 million for the quarter, compared to analysts’ expectations of $581.67 million. During the same period last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts predict that Hospitality Properties Trust will post 3.61 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HPT. Fieldpoint Private Securities LLC acquired a new stake in shares of Hospitality Properties Trust in the third quarter worth approximately $108,000. Ffcm LLC boosted its position in shares of Hospitality Properties Trust by 221.1% in the second quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 2,640 shares during the last quarter. Kemper Corp Master Retirement Trust boosted its position in shares of Hospitality Properties Trust by 0.5% in the second quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 25 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of Hospitality Properties Trust by 8.4% in the second quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock worth $199,000 after acquiring an additional 527 shares during the last quarter. Finally, Girard Partners LTD. acquired a new stake in shares of Hospitality Properties Trust in the third quarter worth approximately $202,000. 75.60% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Hospitality Properties Trust (HPT) Stock Rating Lowered by Wells Fargo & Company” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.com-unik.info/2017/12/20/hospitality-properties-trust-hpt-receives-underperform-rating-from-wells-fargo-company.html.

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)

Receive News & Ratings for Hospitality Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hospitality Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit