Hospitality Properties Trust (NASDAQ:HPT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Hospitality Properties Trust is a real estate investment trust. The company owns and leases hotels to unaffiliated hotel operators. The company’s principal strategy is to expand its investments in hotels and to set minimum rents which produce income in excess of the company’s cost of raising capital. The company seeks to provide capital to unaffiliated hotel operators who wish to divest their properties while remaining in the hotel business as tenants and in doing so, ensure stability of cash flow through dependable and diversified revenue sources. “

Several other equities research analysts have also commented on the stock. BidaskClub upgraded shares of Hospitality Properties Trust from a “hold” rating to a “buy” rating in a research report on Friday. B. Riley reiterated a “buy” rating on shares of Hospitality Properties Trust in a research report on Wednesday, November 1st. Robert W. Baird set a $30.00 price objective on shares of Hospitality Properties Trust and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Canaccord Genuity reiterated a “hold” rating and issued a $30.00 price objective (down from $32.00) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 price objective (down from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $32.17.

Shares of Hospitality Properties Trust (NASDAQ:HPT) traded down $0.03 during midday trading on Friday, hitting $29.60. 599,300 shares of the company’s stock traded hands, compared to its average volume of 485,094. The stock has a market cap of $4,864.73, a price-to-earnings ratio of 8.20, a P/E/G ratio of 1.66 and a beta of 1.05. Hospitality Properties Trust has a 52 week low of $26.64 and a 52 week high of $32.68. The company has a quick ratio of 0.57, a current ratio of 0.42 and a debt-to-equity ratio of 1.44.

Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $1.07 EPS for the quarter, topping the consensus estimate of $1.04 by $0.03. The company had revenue of $577.60 million for the quarter, compared to analyst estimates of $581.67 million. Hospitality Properties Trust had a net margin of 11.66% and a return on equity of 8.79%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. equities research analysts forecast that Hospitality Properties Trust will post 3.58 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in HPT. Kemper Corp Master Retirement Trust increased its stake in shares of Hospitality Properties Trust by 0.5% during the 2nd 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 during the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in shares of Hospitality Properties Trust by 1.5% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 7,686 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 110 shares during the last quarter. Naples Global Advisors LLC increased its stake in shares of Hospitality Properties Trust by 0.4% during the 2nd quarter. Naples Global Advisors LLC now owns 34,222 shares of the real estate investment trust’s stock valued at $998,000 after acquiring an additional 125 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Hospitality Properties Trust by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,159 shares of the real estate investment trust’s stock valued at $384,000 after acquiring an additional 200 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Hospitality Properties Trust by 1.9% during the 2nd quarter. Capstone Asset Management Co. now owns 12,805 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 240 shares during the last quarter. 76.17% of the stock is owned by hedge funds and other institutional investors.

About Hospitality Properties Trust

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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