Hospitality Properties Trust (NASDAQ:HPT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $32.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s target price suggests a potential upside of 8.99% from the company’s current price.

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 equities analysts have also recently commented on HPT. BidaskClub upgraded Hospitality Properties Trust from a “strong sell” rating to a “sell” rating in a report on Friday, June 16th. Robert W. Baird reiterated a “neutral” rating and issued a $32.00 target price (up previously from $31.00) on shares of Hospitality Properties Trust in a report on Friday, June 16th. FBR & Co reiterated a “buy” rating and issued 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 reiterated a “buy” rating and issued a $33.00 target price (down previously from $33.50) on shares of Hospitality Properties Trust in a report on Friday, August 11th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $30.00 target price (down previously from $32.00) on shares of Hospitality Properties Trust in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.29.

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 Zacks’ 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 firm had revenue of $570.60 million during the quarter, compared to the consensus estimate of $557.61 million. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue was up 3.7% compared to the same quarter last year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of Hospitality Properties Trust by 88.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 203,237 shares of the real estate investment trust’s stock worth $5,924,000 after buying an additional 95,393 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Hospitality Properties Trust by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,430,472 shares of the real estate investment trust’s stock worth $70,848,000 after buying an additional 13,279 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Hospitality Properties Trust by 1.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 23,829 shares of the real estate investment trust’s stock worth $751,000 after buying an additional 286 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Hospitality Properties Trust by 7.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,623,685 shares of the real estate investment trust’s stock worth $47,331,000 after buying an additional 116,991 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Hospitality Properties Trust by 9.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 118,520 shares of the real estate investment trust’s stock worth $3,456,000 after buying an additional 10,710 shares during the period. Institutional investors own 76.26% 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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