Hospitality Properties Trust (HPT) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a sell rating to a hold rating in a research note released on Friday.

According to Zacks, “Hospitality Properties Trust is a real estate investment trust. The company owns and leases hotels to unaffiliated hotel operators. The company’s principal strategy is to expand its investments in hotels and to set minimum rents which produce income in excess of the company’s cost of raising capital. The company seeks to provide capital to unaffiliated hotel operators who wish to divest their properties while remaining in the hotel business as tenants and in doing so, ensure stability of cash flow through dependable and diversified revenue sources. “

HPT has been the subject of a number of other research reports. BidaskClub downgraded shares of Hospitality Properties Trust from a hold rating to a sell rating in a research report on Tuesday, October 10th. B. Riley reiterated a buy rating on shares of Hospitality Properties Trust in a research report on Wednesday, November 1st. Stifel Nicolaus reiterated a buy rating and issued a $33.00 price objective (down previously from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. FBR & Co reiterated a buy rating and issued a $33.00 price objective (down previously from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Finally, Canaccord Genuity reiterated a hold rating and issued a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $32.17.

Shares of Hospitality Properties Trust (NASDAQ HPT) opened at $29.51 on Friday. Hospitality Properties Trust has a 1-year low of $26.64 and a 1-year high of $32.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market cap of $4,864.73, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05.

Hospitality Properties Trust (NASDAQ:HPT) last posted 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. 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 analyst estimates of $581.67 million. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. equities research analysts anticipate that Hospitality Properties Trust will post 3.58 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, October 23rd will be given a dividend of $0.52 per share. The ex-dividend date is Friday, October 20th. This represents a $2.08 annualized dividend and a dividend yield of 7.05%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 148.57%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH raised its position in shares of Hospitality Properties Trust by 39.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 364,177 shares of the real estate investment trust’s stock worth $10,375,000 after purchasing an additional 102,521 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Hospitality Properties Trust by 21.9% during the 3rd quarter. Private Advisor Group LLC now owns 13,158 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 2,366 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of Hospitality Properties Trust by 1.4% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 184,551 shares of the real estate investment trust’s stock worth $5,258,000 after purchasing an additional 2,533 shares during the last quarter. Stifel Financial Corp raised its holdings in Hospitality Properties Trust by 25.9% in the 3rd quarter. Stifel Financial Corp now owns 155,086 shares of the real estate investment trust’s stock valued at $4,429,000 after acquiring an additional 31,896 shares during the last quarter. Finally, Welch & Forbes LLC raised its holdings in Hospitality Properties Trust by 1.4% in the 3rd quarter. Welch & Forbes LLC now owns 771,327 shares of the real estate investment trust’s stock valued at $21,974,000 after acquiring an additional 10,975 shares during the last quarter. Hedge funds and other institutional investors own 76.03% of the company’s stock.

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.

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Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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