Hospitality Properites Trust (HPT) has been under a strong bear grip, hence the stock is down -4.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.42% in the past 1 week. The stock has risen by 0.93% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.83% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.24% and the 50-Day Moving Average is 0.09%.The 200 Day SMA reached 15.61%. Hospitality Properties Trust is up 17.05% in the last 3-month period. Year-to-Date the stock performance stands at 21.72%.
Hospitality Properites Trust (NYSE:HPT): After opening at $30.08, the stock dipped to an intraday low of $30.08 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.55 and the buying power remained strong till the end. The stock closed at $30.55 for the day, a gain of 1.56% for the day session. The total traded volume was 1,268,526. The stocks close on the previous trading day was $30.08.
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 44,107 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 Companys properties are located in 44 states in the United States, Canada and Puerto Rico.