BidaskClub upgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a hold rating to a buy rating in a research report released on Friday.

A number of other research analysts also recently weighed in on HPT. FBR & Co reaffirmed a buy rating and issued a $33.00 target price (down previously from $35.00) on shares of Hospitality Properties Trust in a research report on Thursday, August 10th. Stifel Nicolaus reaffirmed a buy rating and issued a $33.00 target price (down previously from $33.50) on shares of Hospitality Properties Trust in a research report on Friday, August 11th. Canaccord Genuity reiterated a hold rating and issued a $30.00 price target (down previously from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a hold rating to a buy rating and set a $32.00 price target for the company in a research note on Wednesday, October 11th. Finally, Robert W. Baird set a $30.00 price target on shares of Hospitality Properties Trust and gave the company a hold rating in a research note on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $32.17.

Hospitality Properties Trust (HPT) opened at $29.51 on Friday. The firm has a market cap of $4,864.73, a price-to-earnings ratio of 8.20, a P/E/G ratio of 1.65 and a beta of 1.05. Hospitality Properties Trust has a 12-month low of $26.64 and a 12-month high of $32.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.42 and a quick ratio of 0.42.

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

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The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend is Friday, October 20th. Hospitality Properties Trust’s dividend payout ratio is currently 148.57%.

A number of hedge funds have recently made changes to their positions in the business. State Street Corp lifted its stake in Hospitality Properties Trust by 0.3% in the second quarter. State Street Corp now owns 7,515,303 shares of the real estate investment trust’s stock valued at $219,069,000 after acquiring an additional 20,879 shares during the last quarter. Uniplan Investment Counsel Inc. lifted its stake in Hospitality Properties Trust by 102.4% in the second quarter. Uniplan Investment Counsel Inc. now owns 4,551,916 shares of the real estate investment trust’s stock valued at $67,553,000 after acquiring an additional 2,302,654 shares during the last quarter. Northern Trust Corp lifted its stake in Hospitality Properties Trust by 6.5% in the second quarter. Northern Trust Corp now owns 3,116,831 shares of the real estate investment trust’s stock valued at $90,855,000 after acquiring an additional 189,013 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Hospitality Properties Trust by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 2,509,670 shares of the real estate investment trust’s stock valued at $71,500,000 after acquiring an additional 79,198 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Hospitality Properties Trust by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,404,009 shares of the real estate investment trust’s stock valued at $68,491,000 after acquiring an additional 51,703 shares during the last quarter. Hedge funds and other institutional investors own 76.03% of the company’s stock.

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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