Hospitality Properties Trust (NASDAQ:SVC) Posts Earnings Results, Misses Expectations By $0.72 EPS

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Hospitality Properties Trust (NASDAQ:SVC) announced its quarterly earnings results on Friday. The real estate investment trust reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $599.80 million for the quarter, compared to analyst estimates of $587.35 million. During the same period in the previous year, the business posted $1.06 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year.

Shares of Hospitality Properties Trust stock traded down $1.08 during midday trading on Friday, reaching $23.99. The company had a trading volume of 1,538,900 shares, compared to its average volume of 795,627. The stock has a fifty day moving average price of $25.27 and a 200 day moving average price of $25.07. Hospitality Properties Trust has a fifty-two week low of $22.47 and a fifty-two week high of $28.00. The firm has a market cap of $4.20 billion, a PE ratio of 6.50 and a beta of 0.94. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.18 and a quick ratio of 0.18.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a $0.54 dividend. This is a positive change from Hospitality Properties Trust’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date is Friday, October 25th. Hospitality Properties Trust’s payout ratio is currently 58.54%.

SVC has been the topic of a number of recent research reports. ValuEngine raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Zacks Investment Research lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Finally, BidaskClub raised Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.33.

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, 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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Earnings History for Hospitality Properties Trust (NASDAQ:SVC)

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