Hospitality Properites Trust (NYSE:HPT) shares reached a new 52-week high during trading on Monday . The stock traded as high as $31.48 and last traded at $31.30, with a volume of 224,627 shares traded. The stock had previously closed at $31.23.

Several research firms have recently commented on HPT. Zacks Investment Research lowered Hospitality Properites Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. FBR & Co boosted their price target on Hospitality Properites Trust from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 11th. Canaccord Genuity reissued a “hold” rating on shares of Hospitality Properites Trust in a research report on Monday, May 16th. Stifel Nicolaus began coverage on Hospitality Properites Trust in a research report on Tuesday, March 29th. They issued a “buy” rating and a $29.00 price target for the company. Finally, TheStreet raised Hospitality Properites Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $28.33.

The stock’s 50-day moving average is $27.70 and its 200 day moving average is $25.71. The firm has a market cap of $4.75 billion and a P/E ratio of 30.34.

Hospitality Properites Trust (NYSE:HPT) last issued its earnings results on Tuesday, May 10th. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.01. During the same quarter last year, the company posted $0.83 EPS. The company earned $474.10 million during the quarter, compared to analyst estimates of $476.94 million. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that Hospitality Properites Trust will post $3.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Friday, July 22nd will be paid a $0.51 dividend. The ex-dividend date is Wednesday, July 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.53%.

A number of large investors have added to or reduced their stakes in the company. State of Tennessee Treasury Department raised its stake in Hospitality Properites Trust by 29.4% in the fourth quarter. State of Tennessee Treasury Department now owns 131,900 shares of the real estate investment trust’s stock valued at $3,449,000 after buying an additional 30,000 shares during the period. Boyer & Corporon Wealth Management LLC raised its stake in Hospitality Properites Trust by 0.4% in the fourth quarter. Boyer & Corporon Wealth Management LLC now owns 80,547 shares of the real estate investment trust’s stock valued at $2,107,000 after buying an additional 326 shares during the period. Dimensional Fund Advisors LP raised its stake in Hospitality Properites Trust by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,934,581 shares of the real estate investment trust’s stock valued at $50,592,000 after buying an additional 28,860 shares during the period. Stephens Inc. AR raised its stake in Hospitality Properites Trust by 263.6% in the fourth quarter. Stephens Inc. AR now owns 127,408 shares of the real estate investment trust’s stock valued at $3,332,000 after buying an additional 92,371 shares during the period. Finally, US Bancorp DE raised its stake in Hospitality Properites Trust by 48.5% in the fourth quarter. US Bancorp DE now owns 51,234 shares of the real estate investment trust’s stock valued at $1,339,000 after buying an additional 16,743 shares during the period.

Hospitality Properties Trust is a real estate investment trust. The Company owns approximately 300 hotels with over 45,860 rooms or suites, and approximately 190 travel centers. The Company’s segments include hotel investments, travel center investments and corporate. The Company’s properties are located in approximately 50 states in the United States, Canada and Puerto Rico.

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