Equities analysts expect Hospitality Properties Trust (NASDAQ:HPT) to post sales of $593.33 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hospitality Properties Trust’s earnings, with estimates ranging from $580.29 million to $613.37 million. Hospitality Properties Trust reported sales of $577.59 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.7%. The company is scheduled to report its next earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that Hospitality Properties Trust will report full year sales of $2.26 billion for the current year, with estimates ranging from $2.23 billion to $2.30 billion. For the next year, analysts expect that the business will post sales of $2.30 billion, with estimates ranging from $2.27 billion to $2.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Hospitality Properties Trust.
Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Thursday, August 9th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.48). Hospitality Properties Trust had a return on equity of 8.19% and a net margin of 13.08%. The company had revenue of $612.00 million for the quarter, compared to the consensus estimate of $601.86 million. During the same quarter last year, the business posted $0.37 EPS. Hospitality Properties Trust’s quarterly revenue was up 7.3% on a year-over-year basis.
Several equities analysts have recently weighed in on the company. ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. BidaskClub cut Hospitality Properties Trust from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. B. Riley lifted their price objective on Hospitality Properties Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, August 13th. Finally, Stifel Nicolaus lifted their price objective on Hospitality Properties Trust from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, June 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.83.
Shares of HPT opened at $28.84 on Friday. Hospitality Properties Trust has a 1 year low of $23.83 and a 1 year high of $31.27. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.49. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 1.44 and a beta of 0.89.
Large investors have recently added to or reduced their stakes in the company. Martingale Asset Management L P lifted its holdings in shares of Hospitality Properties Trust by 5.1% during the 2nd quarter. Martingale Asset Management L P now owns 1,031,412 shares of the real estate investment trust’s stock valued at $29,510,000 after purchasing an additional 49,750 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Hospitality Properties Trust by 1.8% during the 2nd quarter. First Trust Advisors LP now owns 310,084 shares of the real estate investment trust’s stock valued at $8,872,000 after purchasing an additional 5,343 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Hospitality Properties Trust in the 2nd quarter valued at approximately $1,269,000. Oregon Public Employees Retirement Fund bought a new stake in Hospitality Properties Trust in the 2nd quarter valued at approximately $1,840,000. Finally, Global X Management Co LLC lifted its stake in Hospitality Properties Trust by 4.4% in the 2nd quarter. Global X Management Co LLC now owns 455,854 shares of the real estate investment trust’s stock valued at $13,042,000 after acquiring an additional 19,139 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.
Hospitality Properties Trust Company Profile
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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