Hospitality Properties Trust (NASDAQ:HPT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, July 12th.

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. “

A number of other analysts have also recently commented on HPT. FBR & Co set a $35.00 price objective on shares of Hospitality Properties Trust and gave the stock a “buy” rating in a research report on Saturday, May 13th. Robert W. Baird reissued a “neutral” rating and set a $32.00 price objective (up previously from $31.00) on shares of Hospitality Properties Trust in a research report on Friday, June 16th. DA Davidson reissued a “buy” rating on shares of Hospitality Properties Trust in a research report on Tuesday, March 21st. BidaskClub cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Finally, JMP Securities restated a “market perform” rating on shares of Hospitality Properties Trust in a report on Friday, April 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Hospitality Properties Trust presently has an average rating of “Hold” and an average target price of $33.21.

Shares of Hospitality Properties Trust (HPT) opened at 28.77 on Wednesday. The firm has a 50-day moving average price of $29.45 and a 200-day moving average price of $30.60. Hospitality Properties Trust has a 52 week low of $26.06 and a 52 week high of $32.68. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 25.26 and a beta of 1.01.

Hospitality Properties Trust (NASDAQ:HPT) last posted its quarterly earnings data on Wednesday, May 10th. The real estate investment trust reported $0.91 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.91. The business had revenue of $488.60 million during the quarter, compared to the consensus estimate of $482.04 million. Hospitality Properties Trust had a return on equity of 7.54% and a net margin of 10.10%. Hospitality Properties Trust’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. On average, equities analysts expect that Hospitality Properties Trust will post $1.43 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. Louisiana State Employees Retirement System raised its stake in shares of Hospitality Properties Trust by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 41,500 shares of the real estate investment trust’s stock valued at $1,308,000 after buying an additional 900 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Hospitality Properties Trust by 2.2% in the first quarter. Capstone Asset Management Co. now owns 12,565 shares of the real estate investment trust’s stock valued at $396,000 after buying an additional 270 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Hospitality Properties Trust by 17.8% in the first quarter. Bank of Montreal Can now owns 7,802 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 1,177 shares during the last quarter. Kempner Capital Management Inc. raised its stake in shares of Hospitality Properties Trust by 14.4% in the first quarter. Kempner Capital Management Inc. now owns 14,300 shares of the real estate investment trust’s stock valued at $451,000 after buying an additional 1,800 shares during the last quarter. Finally, Forte Capital LLC ADV raised its stake in shares of Hospitality Properties Trust by 6.0% in the first quarter. Forte Capital LLC ADV now owns 26,075 shares of the real estate investment trust’s stock valued at $822,000 after buying an additional 1,480 shares during the last quarter. Institutional investors own 77.24% 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.

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