Robert W. Baird Reiterates “$30.00” Price Target for Hospitality Properties Trust (HPT)

Hospitality Properties Trust (NASDAQ:HPT) received a $30.00 target price from analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday, October 17th. The firm presently has a “hold” rating on the real estate investment trust’s stock. Robert W. Baird’s price target would suggest a potential upside of 4.42% from the company’s previous close.

Several other research firms also recently commented on HPT. BidaskClub downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. FBR & Co reissued a “buy” rating and set a $33.00 price target (down from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and set a $33.00 price target (down from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Finally, Canaccord Genuity reissued a “hold” rating and set a $30.00 price target (down from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $32.17.

Shares of Hospitality Properties Trust (HPT) traded down $0.14 during mid-day trading on Tuesday, hitting $28.73. 349,921 shares of the stock traded hands, compared to its average volume of 458,289. The stock has a market capitalization of $4,719.84, a P/E ratio of 8.05, a P/E/G ratio of 1.62 and a beta of 1.05. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.57 and a current ratio of 0.57.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). The business had revenue of $570.60 million for the quarter, compared to analysts’ expectations of $557.61 million. Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. equities research analysts predict that Hospitality Properties Trust will post 3.55 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bridgecreek Investment Management LLC increased its stake in shares of Hospitality Properties Trust by 7.1% in the third quarter. Bridgecreek Investment Management LLC now owns 79,300 shares of the real estate investment trust’s stock worth $2,259,000 after buying an additional 5,250 shares during the period. Sei Investments Co. boosted its holdings in Hospitality Properties Trust by 30.2% in the third quarter. Sei Investments Co. now owns 60,976 shares of the real estate investment trust’s stock valued at $1,738,000 after acquiring an additional 14,157 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in Hospitality Properties Trust by 7.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 345,020 shares of the real estate investment trust’s stock valued at $9,830,000 after acquiring an additional 23,041 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Hospitality Properties Trust by 16.2% in the third quarter. Prudential Financial Inc. now owns 2,231,889 shares of the real estate investment trust’s stock valued at $63,587,000 after acquiring an additional 310,945 shares in the last quarter. Finally, Armor Investment Advisors LLC boosted its holdings in Hospitality Properties Trust by 3.0% in the third quarter. Armor Investment Advisors LLC now owns 61,818 shares of the real estate investment trust’s stock valued at $1,761,000 after acquiring an additional 1,807 shares in the last quarter. 76.17% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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