$1.03 Earnings Per Share Expected for Hospitality Properties Trust (HPT) This Quarter
Equities research analysts forecast that Hospitality Properties Trust (NASDAQ:HPT) will report earnings of $1.03 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Hospitality Properties Trust’s earnings. The highest EPS estimate is $1.04 and the lowest is $1.01. Hospitality Properties Trust posted earnings of $0.30 per share during the same quarter last year, which would suggest a positive year over year growth rate of 243.3%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Hospitality Properties Trust will report full-year earnings of $3.58 per share for the current year, with EPS estimates ranging from $3.40 to $3.78. For the next financial year, analysts anticipate that the company will post earnings of $3.81 per share, with EPS estimates ranging from $3.55 to $3.97. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Hospitality Properties Trust.
Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by $0.03. Hospitality Properties Trust had a return on equity of 7.53% and a net margin of 10.22%. The business had revenue of $570.60 million for the quarter, compared to analysts’ expectations of $557.61 million. During the same quarter in the prior year, the firm earned $1.09 earnings per share. Hospitality Properties Trust’s quarterly revenue was up 3.7% compared to the same quarter last year.
Several analysts have issued reports on the company. Canaccord Genuity restated a “hold” rating and issued a $30.00 target price (down from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 target price (down from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. FBR & Co reiterated a “buy” rating and set a $33.00 price objective (down from $35.00) on shares of Hospitality Properties Trust in a research note on Thursday, August 10th. BidaskClub upgraded Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Hospitality Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $32.86.
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Shares of Hospitality Properties Trust (NASDAQ:HPT) opened at 27.07 on Thursday. The stock has a market capitalization of $4.45 billion, a P/E ratio of 23.00 and a beta of 1.02. The firm’s 50-day moving average is $27.89 and its 200 day moving average is $29.89. Hospitality Properties Trust has a 1-year low of $26.06 and a 1-year high of $32.68.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, July 24th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date was Thursday, July 20th. Hospitality Properties Trust’s payout ratio is currently 176.27%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ffcm LLC boosted its holdings in shares of Hospitality Properties Trust by 221.1% in the 2nd quarter. Ffcm LLC now owns 3,834 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 2,640 shares in the last quarter. Kemper Corp Master Retirement Trust boosted its holdings in 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 period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Hospitality Properties Trust by 117.4% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,000 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 2,700 shares during the period. Quantbot Technologies LP purchased a new stake in Hospitality Properties Trust during the 1st quarter valued at about $198,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Hospitality Properties Trust by 3,130.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,460 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 6,260 shares during the period. Hedge funds and other institutional investors own 76.41% 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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