Hospitality Properties Trust (HPT) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Hospitality Properties Trust (NASDAQ:HPT) from a hold rating to a sell rating in a research note published on Wednesday, September 12th.

A number of other equities research analysts have also commented on the stock. ValuEngine raised shares of Hospitality Properties Trust from a sell rating to a hold rating in a research note on Wednesday, August 15th. B. Riley boosted their target price on shares of Hospitality Properties Trust from $32.00 to $33.00 and gave the company a buy rating in a research report on Monday, August 13th. Stifel Nicolaus boosted their target price on shares of Hospitality Properties Trust from $29.00 to $30.00 and gave the company a buy rating in a research report on Friday, June 29th. Finally, TheStreet upgraded shares of Hospitality Properties Trust from a c+ rating to a b- rating in a research report on Friday, May 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Hospitality Properties Trust currently has a consensus rating of Hold and an average target price of $29.83.

Shares of NASDAQ:HPT traded down $0.13 during trading on Wednesday, reaching $27.44. The stock had a trading volume of 647,664 shares, compared to its average volume of 763,618. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.43 and a current ratio of 0.43. Hospitality Properties Trust has a 52 week low of $23.83 and a 52 week high of $31.27. The firm has a market cap of $4.74 billion, a P/E ratio of 7.69, a P/E/G ratio of 1.46 and a beta of 0.88.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.48). Hospitality Properties Trust had a net margin of 13.08% and a return on equity of 8.19%. The firm had revenue of $612.00 million during the quarter, compared to the consensus estimate of $601.86 million. During the same period in the prior year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hospitality Properties Trust will post 3.94 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in HPT. Qube Research & Technologies Ltd acquired a new position in Hospitality Properties Trust during the second quarter worth $133,000. Hartford Investment Management Co. acquired a new position in Hospitality Properties Trust during the second quarter worth $202,000. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Hospitality Properties Trust during the second quarter worth $214,000. Oakbrook Investments LLC acquired a new position in Hospitality Properties Trust during the second quarter worth $218,000. Finally, Albion Financial Group UT acquired a new position in Hospitality Properties Trust during the second quarter worth $230,000. Institutional investors own 73.74% 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, 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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Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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