BidaskClub upgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a sell rating to a hold rating in a research note released on Thursday morning.

A number of other equities research analysts have also weighed in on HPT. Canaccord Genuity reissued a hold rating and set a $30.00 target price (down from $32.00) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. FBR & Co restated a buy rating and set a $33.00 target price (down previously from $35.00) on shares of Hospitality Properties Trust in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a buy rating and issued a $33.00 price target (down previously from $33.50) on shares of Hospitality Properties Trust in a research note on Friday, August 11th. Zacks Investment Research lowered Hospitality Properties Trust from a hold rating to a sell rating in a research note on Wednesday, July 12th. Finally, Robert W. Baird reaffirmed a neutral rating and issued a $32.00 price target (up previously from $31.00) on shares of Hospitality Properties Trust in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $32.86.

Shares of Hospitality Properties Trust (NASDAQ:HPT) opened at 28.49 on Thursday. The firm has a 50-day moving average of $27.68 and a 200 day moving average of $29.63. Hospitality Properties Trust has a 1-year low of $26.06 and a 1-year high of $32.68. The company has a market capitalization of $4.68 billion, a P/E ratio of 24.21 and a beta of 1.04.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Hospitality Properties Trust had a net margin of 10.22% and a return on equity of 7.53%. The business had revenue of $570.60 million for the quarter, compared to the consensus estimate of $557.61 million. During the same period in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities research analysts expect that Hospitality Properties Trust will post $1.07 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the company. Ffcm LLC lifted its stake 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 valued at $114,000 after purchasing an additional 2,640 shares during the period. Kemper Corp Master Retirement Trust boosted its position in shares of Hospitality Properties Trust by 0.5% during the second quarter. Kemper Corp Master Retirement Trust now owns 4,925 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 25 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Hospitality Properties Trust by 117.4% during the first 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 purchasing an additional 2,700 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Hospitality Properties Trust during the first quarter valued at approximately $198,000. Finally, Parametrica Management Ltd bought a new stake in shares of Hospitality Properties Trust during the second quarter valued at approximately $208,000. 76.26% 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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