Hospitality Properties Trust (HPT) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Hospitality Properties Trust is a real estate investment trust, or REIT, , which owns a diverse portfolio of hotels and travel. HPT owns hotels and owns or leases travel centers located throughout the United States, Canada and Puerto Rico. Its properties are operated by other companies under long term management or lease agreements. The Company is included in a number of financial indices, including the S&P 400 MidCap Index, the Russell 1000, the MSCI US REIT Index, S&P REIT Composite Index and the FTSE EPRA/NAREIT United States Index. HPT is one of two lodging REITs whose debt is investment grade rated. “
HPT has been the topic of a number of other reports. B. Riley restated a “buy” rating on shares of Hospitality Properties Trust in a report on Friday, January 18th. ValuEngine upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, BidaskClub upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Hospitality Properties Trust currently has an average rating of “Hold” and an average price target of $30.33.
Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Hospitality Properties Trust had a negative net margin of 5.25% and a negative return on equity of 4.42%. The business had revenue of $524.90 million for the quarter, compared to analyst estimates of $529.66 million. During the same period last year, the business posted $0.94 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. Research analysts predict that Hospitality Properties Trust will post 3.66 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc acquired a new position in shares of Hospitality Properties Trust during the 1st quarter worth about $36,000. We Are One Seven LLC acquired a new position in shares of Hospitality Properties Trust during the 4th quarter worth about $42,000. KBC Group NV acquired a new position in shares of Hospitality Properties Trust during the 4th quarter worth about $57,000. Oregon Public Employees Retirement Fund increased its stake in shares of Hospitality Properties Trust by 2,288.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,555,209 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 1,490,083 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of Hospitality Properties Trust by 600.3% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,041 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 3,464 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.
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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