Equities Analysts Set Expectations for Hospitality Properties Trust’s Q3 2020 Earnings (HPT)
Hospitality Properties Trust (NASDAQ:HPT) – Analysts at B. Riley raised their Q3 2020 earnings per share (EPS) estimates for shares of Hospitality Properties Trust in a research note issued to investors on Monday, May 13th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $1.03 per share for the quarter, up from their prior forecast of $1.02. B. Riley has a “Buy” rating and a $32.00 price target on the stock.
Hospitality Properties Trust (NASDAQ:HPT) last announced its earnings results on Friday, May 10th. The real estate investment trust reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $524.90 million for the quarter, compared to the consensus estimate of $529.66 million. Hospitality Properties Trust had a negative return on equity of 4.42% and a negative net margin of 5.25%. The company’s revenue was down .7% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS.
Shares of NASDAQ HPT opened at $26.36 on Tuesday. Hospitality Properties Trust has a fifty-two week low of $22.47 and a fifty-two week high of $29.43. The company has a quick ratio of 0.36, a current ratio of 0.39 and a debt-to-equity ratio of 1.51. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.06.
A number of hedge funds and other institutional investors have recently modified their holdings of HPT. Jane Street Group LLC acquired a new stake in Hospitality Properties Trust during the 3rd quarter valued at approximately $225,000. AQR Capital Management LLC grew its position in shares of Hospitality Properties Trust by 25.9% in the 3rd quarter. AQR Capital Management LLC now owns 60,391 shares of the real estate investment trust’s stock worth $1,741,000 after acquiring an additional 12,436 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Hospitality Properties Trust in the 3rd quarter worth approximately $434,000. Retirement Systems of Alabama grew its position in shares of Hospitality Properties Trust by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 213,208 shares of the real estate investment trust’s stock worth $5,091,000 after acquiring an additional 799 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Hospitality Properties Trust by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 70,671 shares of the real estate investment trust’s stock worth $1,685,000 after acquiring an additional 1,297 shares in the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 29th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 8.19%. The ex-dividend date is Friday, April 26th. This is a positive change from Hospitality Properties Trust’s previous quarterly dividend of $0.53. Hospitality Properties Trust’s dividend payout ratio (DPR) is 58.54%.
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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