Hospitality Properties Trust (NASDAQ:HPT) – Equities research analysts at B. Riley cut their Q1 2019 earnings estimates for Hospitality Properties Trust in a report released on Friday, January 18th. B. Riley analyst B. Maher now expects that the real estate investment trust will post earnings per share of $0.89 for the quarter, down from their previous forecast of $0.94. B. Riley has a “Buy” rating and a $33.00 price target on the stock. B. Riley also issued estimates for Hospitality Properties Trust’s Q3 2019 earnings at $1.00 EPS, Q1 2020 earnings at $0.91 EPS, Q2 2020 earnings at $1.04 EPS, Q3 2020 earnings at $1.02 EPS and Q4 2020 earnings at $0.91 EPS.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.02. Hospitality Properties Trust had a return on equity of 9.32% and a net margin of 14.31%. The firm had revenue of $603.20 million for the quarter, compared to the consensus estimate of $601.94 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis.
NASDAQ:HPT opened at $26.25 on Monday. Hospitality Properties Trust has a 52 week low of $22.47 and a 52 week high of $29.77. The company has a market capitalization of $4.32 billion, a P/E ratio of 7.35, a PEG ratio of 1.36 and a beta of 1.01. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.45 and a current ratio of 0.45.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Shareholders of record on Monday, January 28th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, January 25th. This represents a $2.12 annualized dividend and a yield of 8.08%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 59.38%.
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Hospitality Properties Trust by 3.0% during the third quarter. BlackRock Inc. now owns 19,610,773 shares of the real estate investment trust’s stock valued at $565,576,000 after purchasing an additional 562,797 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Hospitality Properties Trust by 13.1% during the third quarter. Macquarie Group Ltd. now owns 197,400 shares of the real estate investment trust’s stock valued at $5,693,000 after purchasing an additional 22,900 shares during the last quarter. Capital Management Corp VA grew its holdings in Hospitality Properties Trust by 4.8% during the third quarter. Capital Management Corp VA now owns 304,049 shares of the real estate investment trust’s stock valued at $8,769,000 after purchasing an additional 14,060 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Hospitality Properties Trust during the third quarter valued at approximately $335,000. Finally, Rodgers Brothers Inc. grew its holdings in Hospitality Properties Trust by 14.5% during the third quarter. Rodgers Brothers Inc. now owns 19,539 shares of the real estate investment trust’s stock valued at $564,000 after purchasing an additional 2,477 shares during the last quarter. Institutional investors own 74.29% of the company’s stock.
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, 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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