Zacks Investment Research downgraded shares of Hospitality Properties Trust (NASDAQ:HPT) from a hold rating to a sell rating in a research note released on Friday morning.

According to Zacks, “Hospitality Properties Trust is a real estate investment trust, or REIT, , which owns a diverse portfolio of hotels and travel. HPT owns hotels and owns or leases travel centers located throughout the United States, Canada and Puerto Rico. Its properties are operated by other companies under long term management or lease agreements. The Company is included in a number of financial indices, including the S&P 400 MidCap Index, the Russell 1000, the MSCI US REIT Index, S&P REIT Composite Index and the FTSE EPRA/NAREIT United States Index. HPT is one of two lodging REITs whose debt is investment grade rated. “

A number of other brokerages have also recently commented on HPT. B. Riley restated a buy rating and set a $33.00 target price on shares of Hospitality Properties Trust in a report on Tuesday. ValuEngine upgraded Hospitality Properties Trust from a sell rating to a hold rating in a report on Thursday, July 19th. Finally, BidaskClub cut Hospitality Properties Trust from a buy rating to a hold rating in a report on Tuesday, July 17th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $29.83.

Shares of NASDAQ HPT traded down $0.21 during mid-day trading on Friday, reaching $26.48. 438,046 shares of the company’s stock were exchanged, compared to its average volume of 706,913. The stock has a market cap of $4.39 billion, a PE ratio of 7.42, a P/E/G ratio of 1.36 and a beta of 0.92. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 1.48. Hospitality Properties Trust has a 52-week low of $23.83 and a 52-week high of $31.27.

Hospitality Properties Trust (NASDAQ:HPT) last released its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.02. The business had revenue of $603.20 million during the quarter, compared to analysts’ expectations of $601.94 million. Hospitality Properties Trust had a return on equity of 9.32% and a net margin of 14.31%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. Research analysts predict that Hospitality Properties Trust will post 3.96 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 29th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date is Friday, October 26th. Hospitality Properties Trust’s dividend payout ratio (DPR) is 59.38%.

A number of institutional investors have recently made changes to their positions in HPT. Steward Partners Investment Advisory LLC boosted its stake in shares of Hospitality Properties Trust by 122.1% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,136 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 2,274 shares during the period. Girard Partners LTD. purchased a new position in shares of Hospitality Properties Trust in the 3rd quarter valued at about $130,000. Qube Research & Technologies Ltd purchased a new position in shares of Hospitality Properties Trust in the 2nd quarter valued at about $133,000. First Hawaiian Bank purchased a new position in shares of Hospitality Properties Trust in the 3rd quarter valued at about $137,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Hospitality Properties Trust by 100.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,838 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 2,919 shares during the period. Institutional investors own 73.81% of the company’s stock.

About Hospitality Properties Trust

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, 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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