Hospitality Properties Trust (HPT) Expected to Post Earnings of $0.91 Per Share

Wall Street analysts predict that Hospitality Properties Trust (NASDAQ:HPT) will post earnings of $0.91 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Hospitality Properties Trust’s earnings. The highest EPS estimate is $0.93 and the lowest is $0.86. Hospitality Properties Trust reported earnings of $0.54 per share in the same quarter last year, which would indicate a positive year over year growth rate of 68.5%. The firm is scheduled to report its next quarterly earnings results on Thursday, March 7th.

On average, analysts expect that Hospitality Properties Trust will report full-year earnings of $3.98 per share for the current fiscal year, with EPS estimates ranging from $3.91 to $4.01. For the next financial year, analysts forecast that the company will post earnings of $3.94 per share, with EPS estimates ranging from $3.83 to $4.01. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Hospitality Properties Trust.

Hospitality Properties Trust (NASDAQ:HPT) last announced its earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.02. The business had revenue of $603.20 million for the quarter, compared to analysts’ expectations of $601.94 million. Hospitality Properties Trust had a return on equity of 9.32% and a net margin of 14.31%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS.

Several brokerages have recently commented on HPT. BidaskClub lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. B. Riley increased their price objective on Hospitality Properties Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 13th. Finally, Zacks Investment Research lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.00.

NASDAQ HPT traded up $0.22 during midday trading on Friday, hitting $26.84. 788,790 shares of the company traded hands, compared to its average volume of 502,157. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $4.38 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. Hospitality Properties Trust has a 52 week low of $23.83 and a 52 week high of $31.27.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, October 29th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, October 26th. This represents a $2.12 annualized dividend and a dividend yield of 7.90%. Hospitality Properties Trust’s dividend payout ratio is presently 59.38%.

A number of hedge funds have recently modified their holdings of HPT. Principal Financial Group Inc. raised its stake in Hospitality Properties Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 724,616 shares of the real estate investment trust’s stock worth $18,362,000 after acquiring an additional 18,976 shares during the last quarter. Bank of Montreal Can purchased a new position in Hospitality Properties Trust in the 2nd quarter worth $335,000. Hartford Investment Management Co. purchased a new position in Hospitality Properties Trust in the 2nd quarter worth $202,000. Acadian Asset Management LLC purchased a new position in Hospitality Properties Trust in the 2nd quarter worth $1,681,000. Finally, Janney Montgomery Scott LLC raised its stake in Hospitality Properties Trust by 7.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 88,983 shares of the real estate investment trust’s stock worth $2,546,000 after acquiring an additional 6,400 shares during the last quarter. Institutional investors own 74.45% of the company’s stock.

About Hospitality Properties Trust

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, 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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Earnings History and Estimates for Hospitality Properties Trust (NASDAQ:HPT)

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