Hospitality Properties Trust(NYSE:HPT) Declares Dividend of $0.5100.

Hospitality Properties Trust (NYSE:HPT) had declared a cash dividend of $0.5100 on Apr 13, 2016. The shares will quote ex-dividend on Apr 21, 2016 and the record date has been fixed on Apr 25, 2016. At Apr 13, 2016 share price, the yield comes out to be 7.6807%. The dividend payable date has been fixed on May 19, 2016.

In a different note, On Mar 29, 2016, Stifel Nicolaus said it Assumes its rating on Hospitality Properties Trust. The shares have been rated ‘Buy’ by the firm.

Hospitality Properties Trust (HPT) made into the market gainers list on Fridays trading session with the shares advancing 1.11% or 0.3 points. Due to strong positive momentum, the stock ended at $27.44, which is also near the day’s high of $27.485. The stock began the session at $27.14 and the volume stood at 9,76,484 shares. The 52-week high of the shares is $32.173327 and the 52 week low is $20.69. The company has a current market capitalization of $4,158 M and it has 15,15,47,290 shares in outstanding.

Hospitality Properties Trust(HPT) last announced its earnings results on Feb 24, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $467.44M. Analysts had an estimated revenue of $471.76M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.55.

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.

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