Hospitality Properties Trust (HPT) Lowered to Sell at BidaskClub

BidaskClub lowered shares of Hospitality Properties Trust (NASDAQ:HPT) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity restated a hold rating and issued a $30.00 price objective (down previously from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Stifel Nicolaus restated a buy rating and set a $33.00 price objective (down from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. FBR & Co restated a buy rating and set a $33.00 price objective (down from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Zacks Investment Research downgraded Hospitality Properties Trust from a hold rating to a sell rating in a research report on Wednesday, July 12th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $32.00 target price (up from $31.00) on shares of Hospitality Properties Trust in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $32.33.

Hospitality Properties Trust (HPT) opened at 28.91 on Tuesday. The company’s 50-day moving average price is $27.90 and its 200 day moving average price is $29.38. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68. The stock has a market capitalization of $4.75 billion, a P/E ratio of 24.56 and a beta of 1.04.

Hospitality Properties Trust (NASDAQ:HPT) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). The firm had revenue of $570.60 million for the quarter, compared to analysts’ expectations of $557.61 million. Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. Equities research analysts expect that Hospitality Properties Trust will post $1.07 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in HPT. Ffcm LLC grew its position in Hospitality Properties Trust by 221.1% in the 2nd quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 2,640 shares during the last quarter. Kemper Corp Master Retirement Trust boosted its holdings in shares of Hospitality Properties Trust by 0.5% in the second quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 25 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Hospitality Properties Trust by 117.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 2,700 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Hospitality Properties Trust by 8.4% in the second quarter. Quantbot Technologies LP now owns 6,827 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 527 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of Hospitality Properties Trust in the second quarter valued at approximately $208,000. 76.26% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Hospitality Properties Trust (NASDAQ:HPT)

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