Brokerages expect Hospitality Properties Trust (NASDAQ:HPT) to post sales of $525.65 million for the current quarter, Zacks reports. Four analysts have made estimates for Hospitality Properties Trust’s earnings, with the highest sales estimate coming in at $534.77 million and the lowest estimate coming in at $522.02 million. Hospitality Properties Trust reported sales of $528.63 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.6%. The business is expected to announce its next quarterly earnings results before the market opens on Friday, May 10th.
According to Zacks, analysts expect that Hospitality Properties Trust will report full year sales of $2.28 billion for the current financial year, with estimates ranging from $2.24 billion to $2.31 billion. For the next year, analysts anticipate that the firm will post sales of $2.31 billion, with estimates ranging from $2.26 billion to $2.34 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Hospitality Properties Trust.
Hospitality Properties Trust (NASDAQ:HPT) last issued its earnings results on Wednesday, February 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $550.80 million during the quarter, compared to analyst estimates of $538.02 million. Hospitality Properties Trust had a net margin of 8.09% and a return on equity of 5.90%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share.
HPT has been the subject of a number of recent research reports. Zacks Investment Research downgraded Hospitality Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. B. Riley restated a “buy” rating on shares of Hospitality Properties Trust in a research note on Friday, January 18th. BidaskClub downgraded Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 16th. Finally, ValuEngine downgraded Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.33.
Shares of HPT traded up $0.36 during trading hours on Friday, reaching $26.07. 19,266 shares of the company traded hands, compared to its average volume of 746,204. The firm has a market capitalization of $4.23 billion, a P/E ratio of 7.08, a P/E/G ratio of 1.44 and a beta of 1.08. Hospitality Properties Trust has a 12-month low of $22.47 and a 12-month high of $29.43. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.61.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 29th will be paid a $0.54 dividend. The ex-dividend date is Friday, April 26th. This is an increase from Hospitality Properties Trust’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.29%. Hospitality Properties Trust’s payout ratio is 57.45%.
Several institutional investors have recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in Hospitality Properties Trust during the fourth quarter worth about $42,000. KBC Group NV bought a new position in Hospitality Properties Trust in the 4th quarter worth approximately $57,000. Oregon Public Employees Retirement Fund boosted its holdings in Hospitality Properties Trust by 2,288.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,555,209 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 1,490,083 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in Hospitality Properties Trust by 600.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,041 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 3,464 shares during the period. Finally, First Hawaiian Bank boosted its holdings in Hospitality Properties Trust by 10.9% in the 4th quarter. First Hawaiian Bank now owns 5,271 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 520 shares during the period. Hedge funds and other institutional investors own 75.62% 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, the District of Columbia, 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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