B. Riley Brokers Raise Earnings Estimates for Hospitality Properties Trust (HPT)

Hospitality Properties Trust (NASDAQ:HPT) – Investment analysts at B. Riley boosted their FY2018 earnings estimates for shares of Hospitality Properties Trust in a research report issued to clients and investors on Monday. B. Riley analyst B. Maher now expects that the real estate investment trust will post earnings of $4.00 per share for the year, up from their prior estimate of $3.99. B. Riley currently has a “Buy” rating and a $35.00 target price on the stock.

A number of other brokerages also recently commented on HPT. Wells Fargo & Co downgraded shares of Hospitality Properties Trust from a “market perform” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research report on Tuesday, December 19th. Stifel Nicolaus restated a “buy” rating and set a $31.00 price objective on shares of Hospitality Properties Trust in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Robert W. Baird set a $30.00 price objective on shares of Hospitality Properties Trust and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.75.

Shares of Hospitality Properties Trust (NASDAQ HPT) traded down $0.69 during trading on Wednesday, reaching $28.90. 183,676 shares of the company’s stock were exchanged, compared to its average volume of 589,349. The stock has a market cap of $4,860.00, a P/E ratio of 20.70, a P/E/G ratio of 1.56 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.42 and a current ratio of 0.42. Hospitality Properties Trust has a 52 week low of $26.64 and a 52 week high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03. The firm had revenue of $577.60 million during the quarter, compared to the consensus estimate of $581.67 million. Hospitality Properties Trust had a net margin of 11.66% and a return on equity of 8.79%. Hospitality Properties Trust’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS.

Institutional investors and hedge funds have recently made changes to their positions in the company. Schroder Investment Management Group grew its stake in Hospitality Properties Trust by 20.1% in the 2nd quarter. Schroder Investment Management Group now owns 22,582 shares of the real estate investment trust’s stock valued at $668,000 after acquiring an additional 3,782 shares during the last quarter. Wells Fargo & Company MN grew its stake in Hospitality Properties Trust by 6.8% in the 2nd quarter. Wells Fargo & Company MN now owns 723,112 shares of the real estate investment trust’s stock valued at $21,078,000 after acquiring an additional 45,962 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Hospitality Properties Trust by 9.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,052,896 shares of the real estate investment trust’s stock valued at $30,690,000 after acquiring an additional 91,141 shares during the last quarter. Amalgamated Bank grew its stake in Hospitality Properties Trust by 25.2% in the 2nd quarter. Amalgamated Bank now owns 31,925 shares of the real estate investment trust’s stock valued at $931,000 after acquiring an additional 6,421 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Hospitality Properties Trust by 1.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 133,829 shares of the real estate investment trust’s stock worth $3,901,000 after purchasing an additional 1,843 shares during the last quarter. Institutional investors and hedge funds own 75.64% of the company’s stock.

The business also recently declared a dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, January 29th will be issued a $0.52 dividend. The ex-dividend date is Friday, January 26th. This represents a dividend yield of 0.0178448867536033%. Hospitality Properties Trust’s dividend payout ratio is presently 148.57%.

ILLEGAL ACTIVITY NOTICE: This report was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.com-unik.info/2018/01/26/b-riley-brokers-raise-earnings-estimates-for-hospitality-properties-trust-hpt.html.

About Hospitality Properties Trust

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.

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