Hospitality Properties Trust (HPT) Rating Reiterated by Robert W. Baird

Hospitality Properties Trust (NASDAQ:HPT)‘s stock had its “neutral” rating reissued by research analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $32.00 target price on the real estate investment trust’s stock, up from their prior target price of $31.00. Robert W. Baird’s price objective points to a potential upside of 4.27% from the stock’s previous close.

HPT has been the topic of a number of other reports. Zacks Investment Research downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. FBR & Co increased their price target on Hospitality Properties Trust from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, March 6th. DA Davidson reiterated a “buy” rating on shares of Hospitality Properties Trust in a report on Tuesday, March 21st. JMP Securities reiterated a “market perform” rating on shares of Hospitality Properties Trust in a report on Friday, April 7th. Finally, BidaskClub upgraded Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Hospitality Properties Trust has a consensus rating of “Hold” and an average price target of $33.21.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

Hospitality Properties Trust (HPT) traded up 1.89% during trading on Friday, reaching $30.69. The company had a trading volume of 1,610,323 shares. The firm’s 50 day moving average is $29.86 and its 200 day moving average is $30.89. The company has a market capitalization of $5.04 billion, a PE ratio of 26.94 and a beta of 1.01. Hospitality Properties Trust has a one year low of $26.06 and a one year high of $32.68.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Wednesday, May 10th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. Hospitality Properties Trust had a return on equity of 7.54% and a net margin of 10.10%. The business had revenue of $488.60 million for the quarter, compared to the consensus estimate of $482.04 million. During the same period in the prior year, the business posted $0.93 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that Hospitality Properties Trust will post $1.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Friday, April 21st were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 6.78%. This is an increase from Hospitality Properties Trust’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Wednesday, April 19th. Hospitality Properties Trust’s dividend payout ratio is presently 180.87%.

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Several large investors have recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Hospitality Properties Trust by 0.7% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,347 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 179 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Hospitality Properties Trust by 2.2% in the first quarter. Capstone Asset Management Co. now owns 12,565 shares of the real estate investment trust’s stock valued at $396,000 after buying an additional 270 shares during the last quarter. World Asset Management Inc increased its stake in shares of Hospitality Properties Trust by 2.1% in the first quarter. World Asset Management Inc now owns 13,623 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 278 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Hospitality Properties Trust by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 23,829 shares of the real estate investment trust’s stock valued at $751,000 after buying an additional 286 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Hospitality Properties Trust by 3.3% in the first quarter. Oppenheimer & Co. Inc. now owns 9,391 shares of the real estate investment trust’s stock valued at $296,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Hospitality Properties Trust Company Profile

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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