Hospitality Properties Trust (HPT) Releases Earnings Results, Beats Expectations By $0.04 EPS

Hospitality Properties Trust (HPT) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $1.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.05. The company posted revenue of $550.30 million in the period, compared to analysts expectations of $540.30 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.

Hospitality Properties Trust closed down -0.23 points or -0.72% at $31.87 with 8,40,293 shares getting traded on Monday. Post opening the session at $32.21, the shares hit an intraday low of $31.86 and an intraday high of $32.32 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Hospitality Properties Trust

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