Hospitality Properites Trust (HPT) : During the past 4 weeks, traders have been relatively bearish on Hospitality Properites Trust (HPT), hence the stock is down -2.19% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.83% relative to the S&P 500. The 4-week change in the price of the stock is -2.72% and the stock has fallen -0.67% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.82% and the 50-Day Moving Average is 2.69%.The 200 Day SMA reached 11.02%
Hospitality Properites Trust (NYSE:HPT): After opening at $29.93, the stock dipped to an intraday low of $29.635 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.04 and the buying power remained strong till the end. The stock closed at $29.72 for the day, a gain of 0.03% for the day session. The total traded volume was 903,889. The stocks close on the previous trading day was $29.71.
Hospitality Properites Trust (HPT) stock is expected to deviate a maximum of $3.42 from the average target price of $30.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $34 and the most muted being $26.
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.