Brokerages Expect Hospitality Properties Trust (HPT) Will Announce Quarterly Sales of $601.99 Million

Wall Street brokerages expect that Hospitality Properties Trust (NASDAQ:HPT) will post $601.99 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Hospitality Properties Trust’s earnings. The highest sales estimate is $616.52 million and the lowest is $579.00 million. Hospitality Properties Trust posted sales of $611.95 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.6%. The firm is expected to issue its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Hospitality Properties Trust will report full year sales of $2.25 billion for the current year, with estimates ranging from $2.20 billion to $2.30 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.28 billion, with estimates ranging from $2.20 billion to $2.34 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Hospitality Properties Trust.

Hospitality Properties Trust (NASDAQ:HPT) last posted its earnings results on Friday, May 10th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $524.90 million during the quarter, compared to the consensus estimate of $529.66 million. Hospitality Properties Trust had a negative net margin of 5.25% and a negative return on equity of 4.42%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share.

A number of brokerages have recently issued reports on HPT. BidaskClub cut Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. B. Riley set a $32.00 price objective on Hospitality Properties Trust and gave the stock a “buy” rating in a research note on Thursday, February 28th. Zacks Investment Research upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Finally, Stifel Nicolaus lowered Hospitality Properties Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $25.00 in a report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.67.

Shares of Hospitality Properties Trust stock traded up $0.16 during trading hours on Tuesday, reaching $24.35. The stock had a trading volume of 10,459 shares, compared to its average volume of 712,384. The company has a market cap of $4.01 billion, a P/E ratio of 6.59, a price-to-earnings-growth ratio of 1.33 and a beta of 1.05. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.39 and a current ratio of 0.39. Hospitality Properties Trust has a twelve month low of $22.47 and a twelve month high of $29.43.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 29th were issued a dividend of $0.54 per share. The ex-dividend date was Friday, April 26th. This is a positive change from Hospitality Properties Trust’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.87%. Hospitality Properties Trust’s payout ratio is presently 58.54%.

Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in shares of Hospitality Properties Trust by 28.7% during the 4th quarter. Bank of Montreal Can now owns 18,033 shares of the real estate investment trust’s stock worth $430,000 after purchasing an additional 4,022 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Hospitality Properties Trust by 4.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,236 shares of the real estate investment trust’s stock valued at $1,104,000 after purchasing an additional 2,082 shares during the last quarter. New York State Teachers Retirement System raised its position in Hospitality Properties Trust by 2.3% in the fourth quarter. New York State Teachers Retirement System now owns 300,336 shares of the real estate investment trust’s stock valued at $7,172,000 after purchasing an additional 6,674 shares during the last quarter. Arizona State Retirement System raised its position in Hospitality Properties Trust by 1.1% in the fourth quarter. Arizona State Retirement System now owns 118,026 shares of the real estate investment trust’s stock valued at $2,818,000 after purchasing an additional 1,319 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Hospitality Properties Trust by 66.3% in the fourth quarter. D.A. Davidson & CO. now owns 20,600 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 8,215 shares during the last quarter. 74.26% of the stock is currently owned by institutional investors and hedge funds.

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, the District of Columbia, 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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Earnings History and Estimates for Hospitality Properties Trust (NASDAQ:HPT)

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