Hospitality Properites Trust (NYSE:HPT) : The consensus on Hospitality Properites Trust (NYSE:HPT) based on 5 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Hospitality Properites Trust (NYSE:HPT) : The highest level Hospitality Properites Trust (NYSE:HPT) is projected to reach is $31 for the short term and the lowest estimate is at $26. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $28.5 and the possibility the share price can swing is $2.08.
Company shares have received an average consensus rating of Hold for the current week
Hospitality Properites Trust (NYSE:HPT): stock turned positive on Tuesday. Though the stock opened at $27.09, the bulls momentum made the stock top out at $27.53 level for the day. The stock recorded a low of $26.86 and closed the trading day at $27.53, in the green by 2.72%. The total traded volume for the day was 820,671. The stock had closed at $26.8 in the previous days trading.
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.