Hospitality Properties Trust (HPT) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.93 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.92. The company posted revenue of $474.10 million in the period, compared to analysts expectations of $476.94 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.
Many Wall Street Analysts have commented on Hospitality Properties Trust. Stifel Resumed Hospitality Properties Trust on Mar 29, 2016 to “Buy”, Price Target of the shares are set at $29.
Hospitality Properties Trust opened for trading at $25.99 and hit $26.41 on the upside on Friday, eventually ending the session at $26.35, with a gain of 1.07% or 0.28 points. The heightened volatility saw the trading volume jump to 8,02,131 shares. Company has a market cap of $3,993 M.
Hospitality Properties Trust (HPT) is a real estate investment trust (REIT). The Company operates in two segments: hotel real estate investments and travel center real estate investments. The Company owns approximately 291 hotels with 44107 rooms or suites and 184 travel centers. The Company does not operate its properties. Instead its properties are operated by other companies under long term management or lease agreements. The Company leased approximately 288 of its hotels are leased to its taxable REIT subsidiaries (TRSs) and managed by independent hotel operating companies and three hotels are leased to third parties. The Company also owns 184 travel centers all of which it leases to TravelCenters of America LLC or its subsidiaries pursuant to long term leases. The Company’s properties are located in 44 states in the United States Canada and Puerto Rico.